Egypt renews Mohamed Farid’s mandate as chairman of its stock exchange

Egypt’s Cabinet has renewed Mohamed Farid’s mandate as chairman of the country’s stock Exchange (EGX) for another four years, an EGX statement showed on Sunday.

Farid was named chairman of the EGX in August 2017, succeeding Mohamed Omran.

Before leading the EGX, Farid was as chairman and chief executive of Dcode EFC, a leading economic forecasting and advisory firm in Egypt. Between 2013 and 2016, he was an external consultant on Venture Capital and Financial Leasing for the World Bank Group in Egypt, and was a member of the Capital Market Advisory Committee established by the Egyptian Financial Regulatory Authority (FRA). He also worked as vice chairman of the EGX between 2010 and 2011.

Prior to joining the EGX, Farid was senior financial economist and head of Capital Markets Unit at the Egyptian Ministry of Investment. Through this position, he participated in the formulation and implementation of the two phases of the non-banking financial sector reform plans adopted by the Egyptian government.

Farid holds a BSc in Foreign Trade and Economics from Helwan University. He also has an MBA from the Arab Academy for Science, Technology & Maritime Transport (ASST), an MSc in Economics, Finance & Investment from York University, United Kingdom, an MSc in Quantitative Finance from CASS Business School in the United Kingdom and a certificate in Venture Capital form UC Berkley, the United States of America.

Furthermore, Farid served as a part-time lecturer on Financial Markets, International Finance, Financial Derivatives at the American University in Egypt (AUC) and at the Arab Academy for Science, Technology and Maritime Transport (ASST).