Mostafa Madbouly, Prime Minister of Egypt, issued today a decision to extend the appointment of Mohamed Farid Saleh, Chairman of the Egyptian Stock Exchange (EGX), for 4 years.
In 2017, Farid Preceded Mohamed Omran, as the Chairman of the stock exchange for 4 years, which ended this year. The new decision will have Farid on top of the Egyptian stock market unit 2025.
Farid held the position of Vice President of the Stock Exchange during the period from July 11, 2010, until October 2011 and worked on launching the first weighted index in the Egyptian market.
He contributed to the development of a detailed plan to establish a market for financial derivatives and helped in the preparation of the legislative rules regulating the market.
Prior to that, he worked as a senior financial economist, and the head of the Capital Markets Unit at the Ministry of Investment, following up on stock exchange development projects, the most important of which are the Nile Stock Exchange (NILEX) and bonds issuance.
He has been working as an economist since 2004, and from July 2013 to July 2016, he worked as a consultant for venture capital and financial leasing activities at the World Bank in Egypt.
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