Back to the complete issue
Monday, 4 April 2022

Credit Agricole Egypt appoints new CFO + Talaat Mostafa Group gets a new CEO

Credit Agricole Egypt has appointed Ravinarayanan Iyer (LinkedIn) as its new chief financial officer, replacing Hany Nassef, who stepped down in December, the bank announced in a regulatory filing (pdf) yesterday. The bank also appointed Osama Saleh as its new non-executive chairman, to replace Assem Ragab, whose term has ended; and Michel Le Masson (LinkedIn) as non-executive vice chairman. All changes are pending approval from the Central Bank of Egypt.

Talaat Moustafa Group (TMG) chairman Tarek Talaat Mostafa has become a non-executive chair of the company, according to an EGX disclosure (pdf). Hisham Talaat Mostafa was reappointed as company CEO and managing director.

Rear Admiral Nihad Shaheen Ali has been appointed chairman of the Alexandria Port Authority by Transport Minister Kamel El Wazir, according to a ministry statement. Ali previously served as the authority’s vice chairman for financial, administrative, commercial and engineering affairs, and replaces Tarek Shaheen who was reassigned to work as an advisor to the ministry.

Former vice chairman of the Red Sea Ports Authority Rear Admiral Ahmed Abdel Moati Mohamed Hawash has been appointed chairman of the Damietta Port Authority, according to the statement. Hawash replaces Walid Mostafa Awad Al Sayed, whose term has ended.

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.