It’s official, Tarek Fayed (LinkedIn) will lead United Bank as its new CEO, according to an EGX disclosure (pdf). The announcement confirms earlier reports from mid-August that Fayed would take over from outgoing CEO Ashraf El Kady, who has led the bank since 2016. Fayed most recently served as the chairman and CEO of Banque du Caire for nearly eight years, prior to which he held positions at the Central Bank of Egypt and Citibank.

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