27
Egyptian stock Exchange (EGX) chairman Mohamed Omran was elected to chair the Federation of Euro-Asian Stock Exchanges (FEAS).
The announcement took place in the Croatian capital Zagreb on the sidelines of the FEAS General Assembly No. 22.
It is the first time to elect an Arab country for such a post.
FEAS, established in 1995, is a regional bloc with growth potential in the capital market, with number of member countries reaching 34 with market capitalizations exceeding $700 billion and turnover of more than $500 billion annually.
From his part, Omran said the move comes as part of the EGX strategy to restore its standing regionally and globally.
