CIB’s Amr El Ganainy resigns from CI Capital board

CIB’s CEO for Institutional Banking, Amr El Ganainy (bio), has stepped down from CI Capital’s board of directors, the company said in a statement (pdf). El Ganainy stepped down after Banque Misr closed its takeover of a 66% stake in CI Capital. CIB was one of the major shareholders that offloaded their stakes in the EGP 3.06 bn transaction, giving Banque Misr control of 90% of CI Capital. CI has also accepted the resignation of board members including Omar Mehana, Mahmoud El Gammal and Wael Ismail.