Prime Minister extends tenure of Egyptian Exchange Chairperson for 4 years

Alyaa Stohy
1 Min Read
Mohamed Farid Chairman of Dcode Economic and Financial Consulting (Dcode EFC) (Photo Handout to DNE)

Egypt’s Prime Minister Mostafa Madbouly extended, on Sunday, the tenure of Egyptian Exchange (EGX) Chairperson Mohamed Farid for further four years.

Farid assumed his position in August 2017, succeeding Mohamed Omran whose term had expired.

Farid has worked as an economic expert since 2004. He held the position of EGX Vice President from July 2010 to October 2011. He worked on launching the first weighted index in the Egyptian stock market. Before that, he worked as a senior finance economist and head of the capital market unit at the Ministry of Investment.

At the time, he supervised several EGX development projects, the most important of which were the Nile Stock Exchange and Bond Exchange projects. 

Moreover, during the period from July 2013 to July 2016, he worked as a consultant of venture capital and financial leasing at the World Bank in Egypt.

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