{"id":679114,"date":"2025-12-29T00:00:00","date_gmt":"2025-12-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=679114"},"modified":"2025-12-29T06:44:24","modified_gmt":"2025-12-29T06:44:24","slug":"tarek-tantawy-to-head-al-futtaims-unified-egypt-operations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/tarek-tantawy-to-head-al-futtaims-unified-egypt-operations\/","title":{"rendered":"Tarek Tantawy to head Al Futtaim\u2019s unified Egypt operations"},"content":{"rendered":"

Palm Hills Developments co-CEO Tarek Tantawy (<\/strong>LinkedIn<\/a><\/strong>) is stepping down to take on a <\/strong>newly created role as group CEO of Al Futtaim in Egypt<\/strong>, effective mid-January, he confirmed to EnterpriseAM. The move marks a strategic shift for the Emirati conglomerate, which has historically managed its Egyptian business units \u2014 spanning automotive, retail, and real estate \u2014 largely as independent verticals.<\/p>\n

Al Futtaim may be signaling that Egypt is no longer a collection of branch offices, but a <\/strong>unified <\/strong>theater of operations. <\/strong>Tantawy brings experience across industries ranging from infrastructure (Telecom Egypt) and investment banking (CI Capital) to real estate (Palm Hills). He\u2019s got the wide skillset necessary to operate across verticals just as Egypt is heading into what is more and more looking like a multi-year growth cycle. <\/p>\n

Palm Hills shareholders will be watching closely to see whether Chairman Yassin <\/strong>Mansour and the board appoint a new co-CEO<\/strong> alongside Hazem Badran, a former CI Capital and EFG Hermes banker. <\/p>\n","protected":false},"excerpt":{"rendered":"

For Palm Hills, Tantawy\u2019s departure leaves a significant gap in the C-suite<\/p>\n","protected":false},"author":1,"featured_media":679115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[12437,72,206,354],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-679114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-al-futtaim-group","tag-enterpriseam","tag-moves","tag-palm-hills-developments","wpautop","entry"],"acf":{"mongo_id":"9621ea56-c6b3-4d21-b62e-8a637f44669e","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1378.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tarek Tantawy to head Al Futtaim\u2019s unified Egypt operations","related_issue":[679101],"teaser":"For Palm Hills, Tantawy\u2019s departure leaves a significant gap in the C-suite"},"yoast_head":"\nTarek Tantawy to head Al Futtaim\u2019s unified Egypt operations - 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Egyptian Ferro Alloys Company boss Mohamed El Saadawi has been selected\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557678,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/palm-hills-to-borrow-egp-2-5-bn-for-new-cairo-project\/","url_meta":{"origin":679114,"position":2},"title":"Palm Hills to borrow EGP 2.5 bn for New Cairo project","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt after signing a long-term financing agreement with the banks, NBE said in a statement (pdf) yesterday. Palm Investment and Real Estate Development will use the money to finance the company\u2019s\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/379.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581654,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/19\/palm-hills-closes-egp-638-mn-securitization\/","url_meta":{"origin":679114,"position":3},"title":"Palm Hills closes EGP 638 mn securitization","author":"enterpriseam admin","date":"19 February 2023","format":false,"excerpt":"Palm Hills Developments (PHD) has closed an EGP 638 mn securitized bond issuance, according to a joint statement (pdf) from Palm Hills and EFG Hermes, the sole financial advisor on the sale. About the issuance: The issuance\u2019s three tranches have tenors of 13, 36, and 84 months and ratings ranging\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/house-row-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676638,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/03\/banque-misr-taps-amr-demerdash-as-head-of-corporate-banking\/","url_meta":{"origin":679114,"position":4},"title":"Banque Misr taps Amr Demerdash as head of corporate banking","author":"enterpriseam admin","date":"3 December 2025","format":false,"excerpt":"Damardash brings 30 years of banking experience to the position","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":687971,"url":"https:\/\/enterpriseam.com\/egypt\/?post_type=feedback&p=687971","url_meta":{"origin":679114,"position":5},"title":"- 2026-03-13 09:02:36","author":"enterpriseam admin","date":"13 March 2026","format":false,"excerpt":"{\"subject\":\"[EnterpriseAM Egypt] CBE greenlights full rollout of soft POS, turning smartphones into payment terminals Sidebar\",\"ip\":\"185.220.101.32\",\"country_code\":null,\"user_agent\":\"Mozilla\/5.0 (Linux; Android 10; YAL-L21 Build\/HUAWEIYAL-L21) AppleWebKit\/537.36 (KHTML, like Gecko) Chrome\/81.0.4044.138 Mobile Safari\/537.36 YaApp_Android\/10.61 YaSearchBrowser\/10.61\",\"notification_recipients\":[],\"entry_title\":\"Category: Fintech\",\"entry_page\":1,\"source_id\":\"block-55-header-3\",\"source_type\":\"widget\",\"request_url\":\"https:\/\/enterpriseam.com\/egypt\/category\/fintech\",\"fields\":[{\"key\":\"1_\",\"label\":\"\",\"value\":\"nbalyk@wailo.cloudns.asia\",\"type\":\"text\",\"meta\":[],\"form_field_id\":\"subscription-input\"}]}","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/679114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=679114"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/679114\/revisions"}],"predecessor-version":[{"id":679160,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/679114\/revisions\/679160"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/679101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/679115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=679114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=679114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=679114"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=679114"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=679114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}