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| TIDM | CBKD |
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Commercial International Bank Egypt (CIB) announced on November 6th, 2024, that it received approvals from the Central Bank of Egypt (CBE) and other regulatory bodies for previously announced changes to its Board of Directors. These changes are effective immediately and include the appointment of Mrs. Neveen Sabbour as Independent Non-Executive Chair, Mr. Hisham Ezz Al-Arab as CEO and Executive Director, Mr. Amr El-Ganainy as Deputy CEO and Executive Director, Mr. Islam Zekry as Group Chief Financial Officer and Executive Director, and Mr. Tony Prestedge as Executive Advisor to the Board.
| Date | 6 Nov 2024 |
| Time | 07:58:44 |
| Category | Corporate updates |
| ID | 1574L |
CIB RECEIVES REGULATORY APPROVALS TO CHANGES TO THE BOARD OF DIRECTORS
RELEASE
CAIRO - November 6th, 2024
Reference to the release issued on September 15th, Commercial International Bank Egypt (CIB), Egypt's largest private sector bank, would like to announce that the Bank received the Central Bank of Egypt (CBE) and the relevant regulatory bodies' approvals to the previously announced changes to the Board of Directors.
The changes come with immediate effect and will see Mrs. Neveen Sabbour as Independent Non-Executive Chair, the first woman to chair CIB's board, Mr. Hisham Ezz Al-Arab assuming the responsibilities of Chief Executive Officer and Executive Director, Mr. Amr El-Ganainy an Executive Director of the Board in his capacity as Deputy CEO, Mr. Islam Zekry, an Executive Director in his capacity as Group Chief Financial Officer, and Mr. Tony Prestedge as Executive Advisor to the Board of Directors.
END OF RELEASE