During the general assembly meeting of the African Stock Exchanges Association (ASEA) held in Mombassa, Kenya, and attended by delegates from 23 African countries, Dr. Mohammad Omran, Chairman of the Egyptian Exchange (EGX), received a majority of votes to be a member of ASEA’s executive committee, according to a statement issued by the stock market.  
The conference was attended by the Kenyan Vice President and a number of regional economic organizations, investment banks and financial institutions’ representatives.
 
ASEA executive committee is authorized to set the association’ trends, strategy, and to develop a deeper cooperation and integration among African stock exchanges in various fields.
Egypt’s bourse is an active member of ASEA and has contributed significantly in the association’s development in the technological structure and information technology fields over the past years.
 
From his part, Omran said “We are proud for the honor given to EGX by the international community.  Few days ago EGX was elected as  president of the Federation of Euro-Asian Stock Exchanges (FEAS), and it was preceded by EGX  selection as the most advanced African stock exchange”.
 
Omran stated that the compatibility of those events is no coincidence, but it is a result of intensive efforts and moves to exhibit EGX progress and the internal situation stability.   He pointed that the African dimension represents a cornerstone of EGX strategy, as we recognize the importance of deepening relations with the African countries that represents an obvious importance for the Egyptian foreign policy.