Moves: Asraf Mohamed Negm tapped as NIB’s vice chairman, MD
Amer Group has appointed Riad Refaat (Linkedin) as CEO and managing director of the holding group, replacing the very recently appointed Khaled Hassan, according to an EGX filing (pdf). Refaat was previously the group financial controller at Amer Group. The board also accepted the resignation of board members Mohammad Syed Khader and Ahmed Jalal Faiq. Joining the board are former Blom Bank Egypt CEO Alaa Al Din Samaha and former Banque du Caire chief Mounir El Zahid.
Ashraf Mohamed Negm has been appointed vice chairman and managing director of the National Investment Bank for a one-year term, Planning Minister Hala El Said announced on Friday. Negm has nearly 40 years of industry experience with institutions including HSBC and SAIB. He has also sat on the board of the Suez Canal Authority and served on its investment and audit committees.