Private equity firm SPE Capital has promoted Ahmed El Oraby (LinkedIn) to partner, the firm announced on its website. El Oraby initially joined the firm in 2020 as a principal from Ezdehar Management and prior to that he was an executive director at JPMorgan.

The revolving door at Amer keeps spinning: Saad Rabie has been appointed as Amer Group’s CEO and managing director, according to an EGX filing (pdf). Rabie will succeed Riad Refaat, who has been in this position for only four months. Refaat’s predecessor Khaled Hassan wasn’t at the firm long either, lasting only a few weeks in his position.

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