MIH has a new chairman + MD after Basel El Hini steps down

Mohamed Mahran (LinkedIn) has been appointed executive chairman and managing director of Misr Ins. Holding (MIH) after Basel El Hini submitted his resignation as MD and non-exec chair of the state-owned company, the Public Enterprises Ministry said (pdf) over the weekend. Mahran has some 35 years of experience in the ins. industry and has been the managing director of Allianz Egypt for more than a decade.The ministry also appointed Assem Ragab (LinkedIn) as the company’s non-executive chairman. Ragab, the Mubarak-era head of GAFI, has been vice chairman of QNB Al Ahli since May 2022.

Kelma Akhira’s Lamees El Hadidy had high praise for El Hini’s accomplishments during his tenure at MIH (watch, runtime: 5:08). He was appointed in 2018. Catch our interviews with him here and here — he’s one of the good guys.