#1- Hassan Abdalla gets another year as CBE governor: President Abdel Fattah El Sisi has reappointed Hassan Abdalla as the acting governor of the Central Bank of Egypt for a second one-year term as part of a wider board shuffle, according to a decision published in the Official Gazetteyesterday. Abdalla was made central bank governor following Tarek Amer’s shock resignation in August 2022.

Joining him: Veteran banker Tarek El Kholy (LinkedIn) returns to the central bank as deputy governor following a five-year stint heading SAIB Egypt. El Kholy previously held several roles at the central bank, including serving as its chief risk officer and heading on-site banking supervision. He joins Ramy Aboulnaga who has been reappointed as deputy governor for another year. Mohamed Abou Moussa has been appointed as the CBE’s first assistant governor, Ittihadiya said in a separate statement.

#2- Ahmed Galal Ismail joins AUC board of trustees: The American University in Cairo (AUC) has elected Majid Al Futtaim CEO Ahmed Galal Ismail (LinkedIn) as the newest member of its board of trustees, it said in a press release (pdf) yesterday. Ismail brings over 16 years of executive experience across Majid Al Futtaim’s shopping malls, retail, and leisure businesses. He previously led the group’s ventures and property unit. He is a member of the Arab Investment Bank board, and also a member of the World Economic Forum’s Alliance of CEO Climate Leaders.

ICYMI- We recently sat down for a chat with Ismail to talk about MAF’s plans for Egypt.

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