Omran named head of Egypt bourse 'again', says Reuters

Bassem Abo Alabass, Sunday 4 Aug 2013

Stock exchange head declines to confirm to Ahram Online a report by Reuters that he will continue in position for second term

Egypt’s outgoing stock exchange head Mohamed Omran told Ahram Online on Sunday that he has no comment regarding his nomination to chair the same position for a second consecutive time.

“I can’t confirm, I know nothing about this news,” Omran told Ahram Online.

An official Egyptian governmental source told Reuters on Sunday that Omran has been picked by Egypt’s Prime Minister Hazem El-Beblawi to resume his position as the head of the state’s stock exchange.

“You can ask Reuters' sources, if you wish,” Omran said.

On 20 June, Atef Yassin was appointed chairperson of the Egyptian Bourse to replace Omran, who announced in 2012 that he wished to return to academia at Cairo University.

However, Yassin’s appointment was never formalised due to the popularly-backed army overthrow of former president Mohamed Morsi that followed on 3 July.

Similarly, on 27 June, Morsi's investment minister Yehia Hamed announced the replacement of Egyptian Financial Supervisory Authority (EFSA) head Ashraf El-Sharkawy with Walid Hegazy. The position remains unfilled in the transitional government.

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