Adel to become EGX interim Chairman until Omran’s replacement announced

MOVES- Investment Minister Sahar Nasr confirmed that deputy EGX chairman Mohsen Adel will take the reins of the bourse in the interim until Prime Minister Sherif Ismail appoints a replacement for outgoing Chairman Mohamed Omran. Omran’s tenure ends legally on 6 August. Nasr told Ahram Gate she presented cabinet with the names of “more than one nominee” to head the exchange, but refused to provide more details or comment on the status of the selection process.