MOVES- The board of directors of the Housing & Development Bank has accepted the nomination of Hassan Ghanem (Linkedin) as their new chairman, succeeding Mohamed El Sebai, who resigned earlier this week for personal reasons, according to a bourse disclosure (pdf).

Medhat Kamar (LinkedIn) will become the chairman of the Egyptian Arab Land Bank until the board of directors’ current term ends in September 2020, reports Al Mal. Kamar was vice chairman, until his boss, Amr Kamal, resigned from his post and nominated him to take the lead. A veteran banker, Kamar joined the board as vice chairman in September 2017. He was formerly a senior risk officer at the National Bank of Egypt.

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