Consultant / Reda Abdel-Moaty – FRA Deputy Chairman stated that regarding the invitation from Misr for Central Clearing, Depository and Registry (MCDR) to hold the Ordinary General Assembly meeting on 30/7/2018 at Helnan Landmark Hotel to select the Chairman of the Company for a period of four years (2018-2022).
And as on 28/7/2018, a judgment of (the Appeals Chamber) in the First Circuit of the Supreme Administrative Court was issued in Appeal No. 76644 – 64 which was issued by Mr. Mohamed Soliman Abdulsalam to suspend the execution of the contested judgment issued by the Administrative Court in case No. 46959 of 72 of its session dated 30/6/2018 – including suspending the implementation of the contested decision and decided to refer the appeal to the First Circuit of the Supreme Administrative Court on 25/8/2018.
Whereas, Mr. Ashraf Al-Dabaa has filed an objection regarding implementing the judgment of the Appeals Chamber of the Supreme Administrative Court referred to in No. 84169 of year 64, requesting the suspension of the judgment referred to.
As Mr. Mohamed Abdulsalam also filed a (reversed) objection to implement the above-mentioned judgment no. 76644 of the year 64, requesting the implementation of the judgment issued by the Supreme Administrative Court (Appeals Chamber).
Based on the above , FRA’s Board decided to cancel (MCDR) General Assembly Meeting which was scheduled to be held tomorrow 30/7/2018 until studying the issue and implementing the implications of the judgments, objections and appeals referred to . The Managing Director and the Acting Chairman of Misr for Central Clearing, Depository and Registry (MCDR) shall be notified.