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Sunday, 26 September 2021

HSBC Egypt appoints new chairman

HSBC Egypt has appointed Nasser Alshaali (LinkedIn) as its chairman as of 22 September, succeeding David Eldon, according to a statement (pdf) from the bank. Alshaali previously served as CEO of the Dubai International Finance Centre, managing director of Sabertia Capital Partners, and most recently as executive director of Dubai-based firm Stra-tical Associates.

Cairn Energy has appointed Eleanor Rowley (LinkedIn) as its Egypt managing director following its acquisition of Shell’s onshore assets in the Western Desert, it announced in a statement on Friday. Rowley joins Cairn after more than five years serving as Total’s vice president for exploration in MENA, southern Europe and the Caspian. We have more on the acquisition in this morning’s Speed Round, above.

Al Baraka Bank has appointed Hazem Hegazy (LinkedIn) as vice chairman and CEO as of 1 October, according to a statement (pdf). The appointment is subject to the Central Bank of Egypt’s approval. He succeeds Ashraf El-Ghamrawy.

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