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Tuesday, 10 May 2022

CI Capital appoints new CEO of brokerage arm + Abu Qir Fertilizers appoints Alpha Oryx reps to BoD

CI Capital has named Chahir Hosni (LinkedIn) the CEO and managing director of its brokerage business, it said in a press release (pdf). Hosni joins the firm from Saudi Arabia’s Al Rajhi Capital, where he headed the brokerage since 2018. His industry experience includes the UAE, Saudi Arabia, and Egypt, including ADCB Securities, Scope Investment, and EFG Hermes, according to the statement. Hosni replaces Karim Khadr (LinkedIn) who has been appointed as the group’s managing director for equity capital markets.

Abu Qir Fertilizers has appointed Omar Mohamed Mehanna and Ahmed Mohamed Al Hamly to its board of directors as representatives of Abu Dhabi wealth fund ADQ, which last month purchased a 21.5% stake in the fertilizers producer, a statement to the EGX read (pdf). The appointments come after the National Investment Bank’s board reps submitted their resignations following the acquisition.

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