Acumen just lost its appeal in its lawsuit against the FRA’s Omran: Acumen Holding won’t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. The company was trying to claim EGP 20 mn in damages from Omran, alleging that its reputation was damaged after the regulator banned it from purchasing shares of Egypt Gas in 2017. Acumen was appealing a 2019 court verdict that didn’t go in its favour.

Tags: