{"id":611313,"date":"2023-12-05T00:00:00","date_gmt":"2023-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/05\/sfe-gets-new-general-assembly-emx-has-a-new-ceo\/"},"modified":"2023-12-05T00:00:00","modified_gmt":"2023-12-05T00:00:00","slug":"sfe-gets-new-general-assembly-emx-has-a-new-ceo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/05\/sfe-gets-new-general-assembly-emx-has-a-new-ceo\/","title":{"rendered":"SFE gets new general assembly, EMX has a new CEO"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The SFE has a new general assembly: <\/strong>The Sovereign Fund of Egypt has a new general assembly featuring a lot of familiar faces and some new ones. New members of the assembly include: Business professor<strong>Khaled AbdelAziz Hegazy<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/khaled-abdelaziz-hegazy-815709\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), former Trade Minister <strong>Tarek Kabil<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/tarek-kabil-98978b48\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and former International Cooperation Minister <strong>Ziad Bahha Eldin <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.belex.com\/en\/professional\/ziad-bahaa-eldin\/\" style=\"\" rel=\"noopener\">bio<\/a>). Planning Minister Hala El Said, Finance Minister Mohamed Maait, the National Bank of Egypt Chairman Hisham Okasha are among the reelected assembly members. All members are serving four-year terms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s commodities exchange is under new leadership:<\/strong> The board of the Egyptian Mercantile Exchange (EMX) has appointed EGX-veteran Hossam El Garrahi as its new managing director and CEO, according to <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4mwmupb5\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday. Before his appointment, El Garrahi served as the managing director of the Egyptian Stock Exchange Holding Company for Financial Market Development, and held various senior positions at the EGX between 2010 and 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Garrahi is an EGX veteran with more than 10 years at the bourse under his belt<\/p>\n","protected":false},"author":1,"featured_media":611314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[317,68,6404,72,11835,206,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-commodities","tag-egx","tag-emx","tag-enterpriseam","tag-hossam-el-garrahi","tag-moves","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"7d53fdef-2b21-4d4f-8786-d238db483d27","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/247.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SFE gets new general assembly, EMX has a new CEO","related_issue":[611296],"teaser":"El Garrahi is an EGX veteran with more than 10 years at the bourse under his belt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.315bed5d-debb-4d33-a4c0-9b2500a5c0ba.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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PLUS: Ahmed El Sheikh appointed to head the EGX for another year","author":"enterpriseam admin","date":"28 August 2024","format":false,"excerpt":"Khalil will assume the role until the procedures for appointing a new CEO are completed","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2433.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548178,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/","url_meta":{"origin":611313,"position":1},"title":"ADQ now has two board members at Fawry","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"Fawry has appointed Ahmed Altanani (LinkedIn) and Aziz Moolji (LinkedIn) as board members representing Abu Dhabi sovereign wealth fund ADQ, which purchased an 11.8% stake in the company in April, Fawry announced in an EGX disclosure (pdf) following a meeting of its general assembly last week. Moolji serves as ADQ\u2019s\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575637,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/sovereign-fund-of-egypt-appoints-boards-of-4-new-sub-funds\/","url_meta":{"origin":611313,"position":2},"title":"Sovereign Fund of Egypt appoints boards of 4 new sub-funds","author":"enterpriseam admin","date":"21 October 2020","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) has appointed specialized boards for itsfoursub-funds, said Planning Minister Hala El Said, according to a cabinet statement. The five-member boards will advise on the fund\u2019s activities and asset management, and will serve renewable three-year terms.The General Assembly is expected to approve the sub-funds\u2019 financial\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569072,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/proposed-amendments-to-egypts-sovereign-fund-law-get-house-committee-nod\/","url_meta":{"origin":611313,"position":3},"title":"Proposed amendments to Egypt\u2019s sovereign fund law get House committee nod","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"LEGISLATION WATCH- House mulls tax breaks for companies owned by Sovereign Fund of Egypt: The House Planning and Budget Committee approved yesterday proposed amendments to the Sovereign Fund of Egypt (SFE) law that would provide VAT refunds to any company that is more than 50% owned by the SFE and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542517,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/ghazl-el-mahalla-fc-hits-the-egx-next-month-sfe-makes-progress-on-stake-sale-plans\/","url_meta":{"origin":611313,"position":4},"title":"Ghazl El Mahalla FC hits the EGX next month + SFE makes progress on stake sale plans","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"Ghazl El Mahalla FC shares are set to begin trading on the EGX in February, the Public Enterprises Ministry said in a statement (pdf). The EGP 37 mn institutional component of the football club\u2019s offering wrapped last Tuesday, according to the statement. The EGP 98 mn public offering to individual\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648303,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/08\/mps-preliminarily-approve-amendments-to-the-law-regulating-sfe\/","url_meta":{"origin":611313,"position":5},"title":"MPs preliminarily approve amendments to the law regulating SFE","author":"enterpriseam admin","date":"8 October 2024","format":false,"excerpt":"The amendments will deem the fund a cabinet-affiliated entity","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/541.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=611313"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611313\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/611296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611314"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611313"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611313"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}