The Financial Supervisory Authority postponed the opening of the door for candidacy to run for the presidency and membership of the Board of Directors of the Misr Clearing Company for Registration and Central Depository until the ratification of the amendments to the articles of association of the company after its approval by the General Assembly.
And the clearing Egypt opened the door for candidacy for its Board of Directors elections early last week, and it was scheduled to close the door to run for the elections next Wednesday, provided that the financial control examines the candidates’ papers, followed by announcing the final names and holding the elections for the Board of Directors, which will assume its duties from next July 18 to July 17. 2024.
The company said earlier, that the elections are carried out in accordance with the provisions of the company’s articles of association, and the Board of Directors of the Financial Supervision Authority Resolution No. 38 of 2021 regarding the controls of forming a board of directors of a depository company, the central registration of securities, and the conditions and procedures for running for the chair and a member of the board
It is noteworthy that Salah Abu Alam, former head of the Central Inspection Department at the Financial Supervisory Authority, and assistant president of the Authority, and Muhammad Fathallah, Managing Director of Blom Egypt Securities Brokerage, have formally submitted their papers to run in the elections.
Separate from the intention of Majid Shawky, Chairman of Beltone Financial Holding Company, and Yasser Rashid, Chairman of the Capital Securities Brokerage Company, to present their papers during the current week before the Financial Control’s decision to postpone the elections.
The article “Financial Supervision” deferred the opening of candidacy for the presidency and membership of “Misr El-Maqsas” was written in Al-Borsa newspaper.