Afdal Naguib appointed interim chairman of SAIB Egypt

SAIB replaces El Kholy: SAIB Bank has tapped Afdal El Sayed Naguib to lead the bank on an interim basis after Tarek El Kholy was made deputy governor of the Central Bank of Egypt, the bank said in an EGX disclosure (pdf). Naguib will have the same authority as a chairman and managing director without the title — he has been appointed the bank’s “president of the executives,” until the bank approves its new board in March 2024.

Also from the bank: The bank’s board accepted El Kholy’s resignation and appointed non-executive board member Fahmy Hanna (bio) as non-executive chairman until the new board is sworn in.