Former Egypt Bourse Chief Likely to Resume Post – Sources

The Egyptian Exchange chairman, who left the post on June 30 when his term ended, will be reappointed alongside Mr. Sherif Sami will be named the country’s financial regulator chief, official sources told Amwal Al Ghad on Sunday.

Speaking on condition of anonymity, the official said Prime Minister Hazem el-Beblawi, head of the army-backed interim government, would sign the order reappointing Mohamed Omran on Monday.

Beblawi’s administration will also name Mr. Sherif Sami – a member of the board of the General Authority for Investment – as the head of the Egyptian Financial Services Authority (EFSA), the official said.

The government of deposed President Mohamed Morsi had named a new EGX and EFSA chairmen – Mr. Atef Yassin and Mr. Walid Hegazy but they never assumed the posts.

On July 3, Egypt’s army decided to overthrew Mr. Morsi following mass protests against him.