Ezz El-Arab stepped down as Chairman and Managing Director of CIB, effective immediately: Board

Ezz El-Arab stepped down as Chairman and Managing Director of CIB, effective immediately: Board

The CIB board also announced it decided to appoint Sherif Samir Samy, the current chairman of the governance and nomination committee, to assume the responsibilities of non-executive chairman of the board, subject to CBE approval







Zeinab El-Gundy

, Friday 23 Oct 2020



















Hisham Ezz El-Arab has decided to step down from his role as chairman and managing director of Egypt's Commercial International Bank (CIB), effective immediately, the bank announced on Friday.

The bank's board of directors said in a statement that it had convened in an emergency meeting on Thursday to discuss the contents of a letter received that morning from the Central Bank of Egypt (CBE) relaying a central bank board meeting's decision