Egyptian bourse’s chairman has become a member of the African Stock Exchanges Association (ASEA)’s executive committee.
During the general assembly meeting of the African Stock Exchanges Association (ASEA) held in Mombassa, Kenya and attended by 23 African countries’ delegates, Mohamed Omran, EGX chairman, received a majority of votes to be a member of ASEA’s executive committee.
The conference was also attended by the Kenyan vice president and a number of regional economic organizations, investment banks and financial institutions’ representatives.
ASEA executive committee is authorized to set the association’ trends, strategy, and to develop a deeper cooperation and integration among African stock exchanges in various fields. It’s worth mentioning that EGX is an active member of ASEA and has contributed significantly in the association’s development in the technological structure and information technology fields over the past years.
From his part, Omran said “We are proud for the honor given to EGX by the international community. Few days ago EGX was elected as president of the Federation of Euro-Asian Stock Exchanges (FEAS), and it was preceded by EGX selection as the most advanced African stock exchange”.
Omran stated that the compatibility of those events is no coincidence, but it is a result of intensive efforts and moves to exhibit EGX progress and the internal situation stability. He pointed out that the African dimension represents a cornerstone of EGX strategy, as we recognize the importance of deepening relations with the African countries that represents an obvious importance for the Egyptian foreign policy.