Qalaa Holdings appoints new CFO

Qalaa Holdings has appointed Tarek El Gammal (LinkedIn) as its new chief financial officer, replacing Moataz Farouk (LinkedIn), it said in an EGX disclosure (pdf) yesterday. The company’s shareholders approved the formation of the board for a new term, which saw Ahmed Heikal reappointed as chairman and Hisham El Khazindar as managing director, the company said. Mousheer Hadhoud (LinkedIn), a managing director at the firm, has also joined the board.