Makhazen taps new CEO: Public Warehousing Company (Makhazen), a subsidiary of the ADX-listed, Kuwaiti logistics group Agility, has appointed Ahmad Al Banna (LinkedIn) as Chief Executive Officer (CEO), days after the exit of long-time CEO Tarek Sultan (LinkedIn), who stepped down last week for personal reasons.

The company named Khaled Faisal Al Ghais (LinkedIn) Vice Chairman, also succeeding Sultan who had dual duties. Al Ghais brings more than 25 years of experience in investment banking, with senior posts at the Kuwait Investment Authority, the Capital Markets Authority, and the Gulf Investment Corporation.

The Suez Canal Authority (SCA) welcomed a new board that will lead the waterway through a critical recovery year, according to a statement. Under the decree issued by authority chair Osama Rabie, Fathy Abdel Bary remains Director of Planning, Research, and Studies — a role that has become critical for the SCA’s marketing policies and incentives aimed at luring shipping lines to make their comeback to the waterway.

The new board sees a few faces hold onto their roles, some shuffled around, and a few join it, including Abdelrahman Ramadan, who was named Acting Director of the Transit Department, where he will help manage the return of mega-vessels to the waterway. Meanwhile, Abdelhakim Bedawy is now Director of Affiliated Companies.

Why it matters: This isn’t just an administrative shuffle; it’s a recovery taskforce. By keeping the law-related and planning heads in place while switching around the operational and engineering leads, Rabie is betting on a mix of policy continuity and operational efficiency to woo back the global trade that has been diverted around the Cape of Good Hope.

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