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Head of Egypt Bourse Will Not Seek to Extend His Tenure

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April 29 (Bloomberg) -- 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 teltablawy@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net