Mohamed Zaki El-Sewedy, an electric cables tycoon and head of Egypt's parliamentary majority "Support Egypt" coalition, announced Sunday that he will not run as president of the coalition.
El-Sewedy invited the coalition's general assembly to hold a meeting tomorrow – 17 September - to elect a new president.
Abdel-Hadi El-Qasabi, head of parliament's social solidarity committee and leader of the Sufi sects, announced Sunday that he will run as president of the coalition.
In a letter sent to members of the coalition, El-Sewedy said "I really want to thank all of you for all the great efforts you have exerted since parliament was formed in January 2016."
"And as we are entering a new fourth legislative season, let me inform you that I have decided to not run as president of the coalition."
"I will remain a member of the political bureau of the coalition to support the new leaders who will take the helm of our majority bloc in parliament."
"I invite all members of the general assembly of the coalition to hold a meeting at InterContinental City Stars Hotel at 1 pm tomorrow to elect a new president," El-Sewedy said.
Egypt's parliamentary majority "Support Egypt" coalition was formed following the conclusion of parliamentary elections in January 2016.
It is composed of 14 political parties who decided to join ranks to support the policies of President Abdel-Fatah El-Sisi and his appointed governments. The coalition comprises around 400 MPs - or almost two thirds – out of a total 596 MPs.
There was wide speculation that the "Support Egypt" coalition would move to be licensed as a political party.
El-Sewedy said some legal obstacles still stand against the coalition becoming a majority or a ruling political party.
Later, however, he said last June that many members of the coalition reject turning it into a political party.
"A coalition is much better than a political party because it gives MPs the flexibility necessary to do their job without the bureaucratic demands required by a political party," said El-Sewedy.