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Monday, 9 January 2023

Prime Holding has a new CEO + Management shake-up at the SCZone

Prime Holding appointed Hassan Samir (LinkedIn) as vice-chairman, managing director, and CEO of the company in a board meeting last week, according to an EGX disclosure (pdf). Samir was previously Prime Holding’s managing director for capital markets and has been with the brokerage firm for the best part of two decades, including a seven-and-a-half-year stint as managing director for Prime Securities from 2012 until the end of January 2020.

Former Prime CEO and vice-chairman Mohamed Maher (LinkedIn) will now act as non-executive chairman of the company’s board. Former chairman Sherine El Kady offered his resignation at the meeting.

President Abdel Fattah El Sisi has tapped Major General Walid Youssef Morsy as vice president of the General Authority for the Suez Canal Economic Zone’s (SCZone) southern region for a year as of 2 January, according to a cabinet statement. El Sisi also renewed Major General Mohamed Abdel Aziz Brayeh’s appointment as vice president for the SCZone’s northern region, the statement said, and tapped Ibrahim Mostafa Abdel Khalek as vice president of the authority’s investment and promotion division.

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