The Executive Committee of the African Securities Exchanges Association (ASEA) has chosen Egyptian bourse chairman Mohamed Omran as head of ASEA’s Capital Markets Standards Committee.
Upon the new position, Omran would be tasked with standardising the criteria on which African bourses depend to issue their statistics.
Omran attributed his selection for the post to the progress made in the information infrastructure of the Egyptian Exchange (EGX), asserting the necessity of developing unified standards for the African stock markets to attract more foreign investments to the African continent.
The committee will embark on developing a standard framework for the African bourses according to the international standards agreed upon, Omran asserted.
