Appointing Mr. Mohamed Farid as EGX Chairman

The Egyptian Exchange (EGX) is pleased to announce that Mr. Mohamed Farid and Mr. Mohsen Adel have joined our team as EGX Chairman and Vice Chairman, for a term of 4 years.

Mr. Mohamed Farid, the new Chairman, served as the Vice Chairman of the Egyptian Exchange for the years 2010-2011. He is also a Board member of the Insurance Holding Company, the Egyptian Investor Protection Fund, and formerly the CEO of an Economic Forecasting Consulting firm in Egypt.

Mr. Farid was selected as an external advisor for venture capital and financial leasing activities at the World Bank in Egypt for the period from 2013 to 2016. Formerly, Mr. Farid served as Senior Financial Economist and Head of the Capital Market Unit at the Ministry of Investment, where he was responsible for following up with the Egyptian Exchange development plans, most importantly the SMEs market (Nilex), ETFs and bonds market. He served as an Economist at the Ministry of Economy and Foreign Trade. In addition, Mr. Farid was a part-time lecturer at the American University in Cairo and the Arab Academy for Science, Technology and Maritime Transport.

During his tenure as EGX Vice Chairman, Mr. Farid was responsible for developing a detailed plan for the establishment of derivatives market, in addition to the preparation of the legislative rules governing this market.

Mr. Farid holds a BSc in Commerce and Economics from Helwan University. He also holds an MBA from the Arab Academy for Science, Technology and Maritime Transport and an MSc in Economics, Finance and Investment from York University, UK and an MSc in Financial Mathematics from CASS Business School, UK, and Venture Capital Certificate from UC Berkeley, USA.

On the other hand, Mr. Mohsen Adel EGX newly appointed Vice Chairman, has an extensive experience in the market. He is a Financial Expert at the Egyptian Center for Economic Studies and a member of the Egyptian Investment Management Association (EIMA). He also serves as a lecturer at the ESLSCA Business School and several academic institutions. Formerly, Mr. Adel was a Board member of the Egyptian Exchange (EGX) and the Egyptian Financial Services Institute for the period from 2013 till 2017. He was also a member of EFSA Capital Market Advisory Committee. In addition, Mr. Adel was the former Vice President of the Egyptian Association for Finance and Investment Studies. He also served as the Managing Director of Pioneers Funds.

Mr. Mohsen Adel holds a postgraduate diploma in Stock Market Analysis from Cairo University; he also holds a Bachelor’s degree in Foreign Trade from the Faculty of Commerce and Business Administration, Helwan University.