Back to the complete issue
Sunday, 9 May 2021

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.