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Tuesday, 18 May 2021

MNHD CEO Ahmed El Hitamy resigns

Madinet Nasr Housing and Development CEO Ahmed El Hitamy (LinkedIn) has resigned to join his family business, the company said in a disclosure to the EGX (pdf). El Hitamy, who joined MNHD in 2016, has also stepped down from the board but will remain a consultant to the developer until the end of the year. Chairman Hazem Barakat (LinkedIn) will step in as the acting CEO until a successor is appointed, the company said.

GEM has a board of trustees: President Abdel Fattah El Sisi has named Japanese Deputy Prime Minister Taro Aso, Kyoto National Museum Director Johei Sasaki, Saudi Space Commission Chairman Prince Sultan bin Salman bin Abdulaziz Al-Saud, the director of New York’s Metropolitan Museum, and the secretary-general of the World Tourism Organization to the Grand Egyptian Museum’s Board of Trustees, according to Hapi Journal. The board, which will be headed by the president, will also include the tourism and antiquities, culture, and finance ministers, along with the director of Bibliotheca Alexandrina, Zahi Hawass, former Culture Minister Farouk Hosny, former Central Bank of Egypt governors Hisham Okasha and Farouk El Okdah, Mansour Group Chairman Mohamed Mansour, and TV host Sherif Amer.

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