Arafa Holding has appointed former Mediobanca MD Maria Luisa Cicognani (bio) as its new non-executive chair while Edita CEO Hani Berzi (bio) has been made an independent board member, the company said in a bourse filing (pdf) yesterday. Cicognani was a non-exec member of Arafa’s board from 2018 and 2020 and has chaired Mobius Investment Trust since 2018.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…