Swvl has appointed Ayman Ismail (LinkedIn) as chairman of its audit committee and an independent board member as it looks to regain compliance with a Nasdaq listing rule, the company said in a statementyesterday. The company has had only one person on its audit committee since April when two of its members resigned, putting it in breach of a Nasdaq rule that requires firms to have at least three people on the committee. The exchange warned the firm earlier this month that it has until 15 June to appoint two new members to the committee.

Ismail has more than 30 years of leadership experience in international companies: Ismail spent 20 years at Procter & Gamble before occupying senior positions at PepsiCo Egypt. He is currently board chairman at Endeavour Egypt and Mountain View, a member of the strategic advisory board at AUC and a board member at Kazyon.

Former assistant tourism minister Lamia Kamel (LinkedIn) has joined the Orascom Development Egypt board as a non executive member, Al Mal reported. Kamel was assistant tourism minister between 2021 and 2022 and she also founded two local PR agencies, CC Plus and Narrative PR.

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