Al Baraka Bank Egypt is in talks with Banque du Caire vice chairman Hazem Hegazy (LinkedIn) to become the bank’s new vice chairman and CEO to replace Ashraf El Ghamrawy (bio), who will step down on 1 October, according to an EGX statement (pdf). Sami Abdul Gawad will also leave his position as vice CEO of the bank on 22 September.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…