Back to the complete issue
Tuesday, 24 August 2021

GAFI boss reappointed, Bank ABC, Admin Prosecution Authority get new chiefs

General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel Wahab (LinkedIn) has been reappointed for another one-year term by Prime Minister Moustafa Madbouly, according to a cabinet statement yesterday.

Bank ABC has appointed Amr Tharwat (LinkedIn) as the managing director and CEO of the bank’s Egypt unit, the Bahraini lender said in a statement yesterday. Tharwat has more than 26 years of experience in corporate and investment banking and joins the bank after working at HSBC for 15 years, most recently as the deputy head of global banking. Tharwat’s appointment comes less than two weeks after the bank closed its acquisition of Blom Bank Egypt for USD 424 mn.

Ezzat Abu Zeid Sallam has been sworn in as the new head of the Administrative Prosecution Authority, succeeding Essam El Din El Menshawy, Ittihadiya said in a statement.

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.