EIPF To Assign New Head of Board Next Week

The Egyptian Investor Protection Fund (EIPF) board will be holding a meeting next week so as to discuss assigning a new chairman of the EIPF board, successor to Mohamed Abdel Salam, the chairman of Misr for Central Clearing, Depository and Registry (MCDR).

Ayman Sabry, chairman of Osool ESB Securities Brokerage and EIPF board member, said the meeting will discuss the selection of a qualified,  well-experienced as well well-oriented person so as to chair the fund.

“EIPF meeting will be within the beginning of next week so as to select the appropriate candidate so as to succeed Mohamed Abdel Salam as the new EIPF chairman.”

Worth mentioning, Mohamed Abdel Salam, MCDR chairman, has won second term which would be till 2014. Abdel Salam has won total of 1.750 million of votes cast, compared to 52 thousand for Ashraf Mahmoud El-Dab’ during the latest MCDR board of directors elections.