{"id":592229,"date":"2023-08-02T00:00:00","date_gmt":"2023-08-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/national-paints-holding-shakes-up-pachin-board-following-takeover\/"},"modified":"2023-08-02T00:00:00","modified_gmt":"2023-08-02T00:00:00","slug":"national-paints-holding-shakes-up-pachin-board-following-takeover","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/national-paints-holding-shakes-up-pachin-board-following-takeover\/","title":{"rendered":"National Paints Holding shakes up Pachin board following takeover"},"content":{"rendered":"

Pachin\u2019s new owners shake up its board:<\/strong> National Paints Holding (NPH) has shak en up the leadership of Pachin, less than a week after it completed its takeover<\/a> of the EGX-listed paintmaker, according to an EGX disclosure (pdf)<\/a>. The Dubai-based firm has appointed Ibrahim Faeq El Sayegh as non-executive chairman in place of Mohamed El Saeed while Samer Salim El Sayegh will assume the role of executive vice chairman. Ibrahim and Samer are descendants of Faiq Ibrahim Sayegh, who founded NPH\u2019s parent company Sayegh Group<\/a>. The board reshuffle will also see Mohie El Din El Shouny taking over from Amr Abdallah as Pachin\u2019s managing director. <\/p>\n

Remember:<\/strong> NPH recently acquired 100% of the formerly state-owned Pachin, purchasing 80% of its shares in a mandatory tender offer in May<\/a> and the remaining 20% last month. <\/p>\n","protected":false},"excerpt":{"rendered":"

Chairman and vice-chairman roles go to members of the Sayegh family, which owns NPH<\/p>\n","protected":false},"author":1,"featured_media":592230,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[72,206,9179,6816],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam","tag-moves","tag-national-paints-holding","tag-pachin","wpautop","entry"],"acf":{"mongo_id":"2cb7c46d-5c73-4f1e-9614-d3387a362db0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/53.jpg","photo_position":"above","homepage_title":"","full_issue_title":"National Paints Holding shakes up Pachin board following takeover","related_issue":[592212],"teaser":"Chairman and vice-chairman roles go to members of the Sayegh family, which owns NPH","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.04921e15-5426-4769-8813-9af8ecba1cf0.mp3"},"yoast_head":"\nNational Paints Holding shakes up Pachin board following takeover - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/national-paints-holding-shakes-up-pachin-board-following-takeover\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Paints Holding shakes up Pachin board following takeover\" \/>\n<meta property=\"og:description\" content=\"Chairman and vice-chairman roles go to members of the Sayegh family, which owns NPH\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/national-paints-holding-shakes-up-pachin-board-following-takeover\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/53.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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