Breaking News

Cognizant to Buy Trizetto for About $2.7 Billion in Merger of Healthcare IT Providers

Head of Egypt Bourse Will Not Seek to Extend His Tenure

The head of Egypt’s stock exchange said he is not seeking to continue in the post after his term expires, the state-run Middle East News Agency reported.

Mohamed Omran, board chairman of the Egyptian Exchange who was named to the post in September 2011, told MENA he had notified the Cabinet of his wishes, though the move could not be considered as him tendering his resignation.

His term as the bourse’s chairman ends June 30, MENA reported.

To contact the reporter on this story: Tarek El-Tablawy in Cairo at

To contact the editor responsible for this story: Andrew J. Barden at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.