In light of the Authority’s keenness to practice its regulatory and supervisory role and in respect of the rulings issued by the Egyptian judiciary and in connection with MCDR chairmanship elections that were scheduled to be held on Monday 2/7/2018,
And pursuant to the decisions of the Administrative Court in the urgent part of case No. 46959 of 72 dated 30/6/2018, and the judgment issued on 2/7/2018 by the same court in case No. 47937 of 72 ruling the implementation of the judgment issued on 30/6/2018 in case No. 46959 of 72 and its impacts thereof , and the ruling issued on 2/7/2018 by the same court in case No. 47942 of 72 regarding the objection no. 47942 of 72 filed by Mr. Mohamed Soliman Abdulsalam to reject the objection submitted by him to stop the implementation of the decision issued by the Administrative Court in case No. 46959 of 72 in the session dated 30/6/2018 referred to.
Consultant Reda Abdel Moaty – FRA’s Deputy Chairman revealed that FRA’s BOD decision excluded the name of Mr. Mohamed Soliman Abdulsalam from the candidates’ lists and the impacts thereof pursuant to the judicial ruling referred to above. In addition, FRA assigned MCDR Board of Directors to call for the company’s Ordinary General Meeting to select the Chairman of MCDR Board of Directors by 30/7/2018.