Chairman of the Egyptian Exchange (EGX) Mohamed Omran has been elected as a member of the executive committee of African Securities Exchanges Association (ASEA) for the third consecutive time.

Naming Egypt for this key post underscores African continent's appreciation of Egypt bourse's efforts in supporting governance system and sustainable development for emerging markets, Omran said.

Re-electing Egypt for the third time, which took place during the ASEA meetings in the Rwandan capital Kigali, is a fresh achievement for Egypt's bourse at the regional level, EGX chairman added.

The Egyptian bourse attaches great importance to the African continent and is keen on building strong ties with Africans, Omram stated, pointing out to Egypt's bourse supervision over setting up the earliest strategy of African stick markets criteria in line with the international ones.

Established in 1993, ASEA works with African Member Exchanges to unlock potential of the African Capital Markets. 

The African economic block is deemed the premier Association of 25 securities exchanges in Africa that aims at developing Member Exchanges, enhancing the global competitiveness of Member Exchanges and providing a platform for networking and exchange of information.

Source: MENA