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07/05 16:07
The board of directors of Misr Clearing Company for the Central Registry and the Depositary decided at its meeting today to convene the general badembly to hold a referendum on the election of Ashraf Al-Dabaa to the presidency of the company. Ashraf Al Dabaa is required to receive 50% + 1 vote of the total participation in the General Assembly to win the position of President of the Society for the next three years. The Egyptian Financial Supervisory Authority (EFSA) announced yesterday the exclusion of Major General Mohamed Abdel Salam from the list of presidential candidates for the Board of Directors of Misr Clearing, Depository and Central Registry Company , with implications for the execution and enforcement of judicial decisions. The administrative court decided last Saturday to exclude Mohammed Abdul Salam from the list of candidates for violating the conditions of candidacy in connection with the merger of several management positions in different companies. Abdulsalam filed a complaint against the decision of the court on polling day. The decision and continue to argue for the post, but the court decided to dismiss the urgent part and considered the substantive issue on July 22.
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