Back to the complete issue
Sunday, 11 December 2022

Hisham Ezz El Arab appointed CIB’s non-executive chairman

Hisham Ezz El Arab is once again chairman of CIB: Our friend Hisham Ezz El Arab (LinkedIn) was appointed non-executive chairman of cIB last week, the bank said in a disclosure (pdf) to the EGX on Thursday. He succeeds Sherif Samy (LinkedIn), who held the position since October 2020 and will remain on the bank’s board as a non-executive member. Hisham had been forced to step down by the previous governor. He returned to public life early this fall, initially as an advisor to new central bank boss Hassan Abdalla and now as non-executive chairman of the country’s largest private-sector financial institution, where he had enjoyed a 21-year run.

The comeback started last month when he rejoined CIB’s board as a non-executive director. Since the resignation of Tarek Amer as CBE governor earlier this year, Ezz Al Arab’s relationship with the central bank has taken a 180° turn — he was brought in to serve as an advisor to Governor Hassan Abdalla from late August until last month when he resigned to rejoin the CIB board.

MEANWHILE- Samih Amer was appointed advisor to the health minister on medical tourism, the Health Ministry said Saturday. Amer is a full time cardiothoracic surgery professor at Kasr El Einy Medical School.

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.