Tuesday, 14 February 2012

Egypt bourse suspends EFG-Hermes, awaits details on CEO | Reuters

Egypt's stock exchange said it had suspended trading in EFG-Hermes shares on Tuesday, saying that it was seeking more details about the firm's Chief Executive Yasser El Mallawany who faces a travel ban.

Airport authorities prevented Mallawany from traveling to the United Arab Emirates last week when officials found his name on a list of people banned from leaving. The company said Mallawany was still carrying out his duties and that no charges of any form had been levelled against him.

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