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Monday, 22 March 2021

CIB’s Amr El Ganainy resigns from CI Capital board

CIB’s CEO for Institutional Banking, Amr El Ganainy (bio), has stepped down from CI Capital’s board of directors, the company said in a statement (pdf). El Ganainy stepped down after Banque Misr closed its takeover of a 66% stake in CI Capital. CIB was one of the major shareholders that offloaded their stakes in the EGP 3.06 bn transaction, giving Banque Misr control of 90% of CI Capital. CI has also accepted the resignation of board members including Omar Mehana, Mahmoud El Gammal and Wael Ismail.

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