Egypt’s El-Sisi extends services of financial regulator, Suez canal heads

Egyptian President Abdel Fattah El-Sisi speaks at a news conference during a visit to Athens, Greece, Nov. 11, 2020. (Reuters)

• The prime minister extended the tenure of Mohamed Farid, chairman of the the Egyptian Exchange

CAIRO: Egypt’s President Abdel Fattah El-Sisi issued decrees extending the service of Financial Regulation Authority (FRA) chairman Mohamed Omran and Suez Canal Authority chairman Osama Rabie by one year, the presidency said in a statement on Sunday.
Rabie has held the post since August 2019, while Omran has been chairman of FRA since August 2017.
Meanwhile, Prime Minister Mostafa Madbouly extended the term of Mohamed Farid, chairman of the the Egyptian Exchange, for another four years. He succeeded Omran in 2017 when the latter’s tenure had expired.