ADQ now has two board members at Fawry

Fawry has appointed Ahmed Altanani (LinkedIn) and Aziz Moolji (LinkedIn) as board members representing Abu Dhabi sovereign wealth fund ADQ, which purchased an 11.8% stake in the company in April, Fawry announced in an EGX disclosure (pdf) following a meeting of its general assembly last week. Moolji serves as ADQ’s M&A and alternative investments director and was previously a vice president of investments and portfolio management at Dubai Holding. Altanani is ADQ’s M&A and alternative investments associate director.

Tax Authority welcomes new head: Finance Minister Mohamed Maait has promoted the deputy head of the Tax Authority, Mokhtar Tawfik, as its new head, according to a Finance Ministry decision seen by Al Masry Al Youm. He succeeds Reda Abdelkader, who was appointed assistant minister for tax affairs.