CI Capital has appointed Hesham Gohar (LinkedIn) as CEO after Hazem Badran (bio) and Tarek Tantawy (LinkedIn) stepped down from their positions as co-CEOs and managing directors, effective 20 May, according to a press release(pdf). Badran, who joined CI Capital in 2013, and Tantawy, who joined in 2015, both resigned from their positions to pursue other avenues for their career, the release says, without providing details.

The shake-up in leadership comes shortly after CI Capital’s investment banking arm — with Gohar at its helm — ran the IPO of Taaleem, the higher education player. Gohar has been withCI Capital since 2012, and is also chairman of Taaleem. Taaleem’s debut on the EGX last month ended the nation’s IPO drought after nearly two years without any international-quality listings.

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