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Thursday, 28 October 2021

New Armed Forces chief of staff + Egypt Post’s investment arm has a new CEO

President Abdel Fattah El Sisi has tapped Lt. Gen. Osama Ahmed Askar as the new Armed Forces chief of staff, according to an Ittihadiya statement. Askar most recently headed the Defense Ministry’s Military Operations Authority and previously served as assistant commander-in-chief of the development of Sinai, according to Sada El Balad. Askar takes over from Lt. Gen. Mohamed Farid, who will now become the presidential advisor for a Decent Life initiative, the presidency said. Hegazy has completed his four-year term as chief of staff, having been appointed in 2017.

Ahmed Abdallah (LinkedIn) has been appointed as CEO and managing director of Egypt Post’s investment arm, Post for Investments (PFI), Al Borsa reports. Abdallah was previously the PFI’s chief investment officer and succeeds Emad Ezzat (bio). He has over 23 years of experience in the banking sector and financial services in Egypt and the Middle East.

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