{"id":489123,"date":"2026-03-17T11:15:16","date_gmt":"2026-03-17T11:15:16","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/03\/17\/egypt-hisham-ezz-al-arab-reappointed-as-head-of-commercial-international-bank\/"},"modified":"2026-03-17T11:15:22","modified_gmt":"2026-03-17T11:15:22","slug":"egypt-hisham-ezz-al-arab-reappointed-as-head-of-commercial-international-bank","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/03\/17\/egypt-hisham-ezz-al-arab-reappointed-as-head-of-commercial-international-bank\/","title":{"rendered":"Egypt: Hisham Ezz Al-Arab reappointed as head of Commercial International Bank"},"content":{"rendered":"
<\/div>

The Commercial International Bank (CIB), the main private bank in Egypt, announced that its board of directors has approved the reappointment of Hisham Ezz Al-Arab as CEO for a new three-year term, covering the period from March 2026 to March 2029. This decision was ratified at the General Assembly held on March 15, 2026.<\/p>\n

At the helm of the bank since 2002, Hisham Ezz Al-Arab was forced to step down in October 2020 at the decision of the central bank, citing “compliance issues.” The governor at the time, Tarek Amer, himself resigned in August 2022 during a monetary crisis, one year before the end of his term. Ezz Al-Arab was eventually reinstated as president in December of the same year.<\/p>\n

The General Assembly also approved the composition of the new board of directors, chaired by Nevine Sabbour as non-executive chairman. Among the members are Fadel Abdel Baki and Aziz Moolji, representatives of Alpha Oryx Limited, a shareholder based in Abu Dhabi.<\/p>\n

Furthermore, shareholders approved an increase in the bank’s share capital, raising it from 33.779 billion Egyptian pounds (708 million dollars) to 34.051 billion (714 million dollars), an increase of 272.03 million Egyptian pounds (approximately 5.7 million dollars).<\/p>\n

Founded in 1975 under the name Chase National Bank of Egypt, the Commercial International Bank is now a major player in the Egyptian banking sector. It offers financial solutions to individuals and SMEs, consolidating its position as one of the most profitable commercial banks in the country for over four decades.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The Commercial International Bank (CIB), the main private bank in Egypt, announced that its board of directors has approved the reappointment of Hisham Ezz Al-Arab as CEO for a new three-year term, covering the period from March 2026 to March 2029. This decision was ratified at the General Assembly held on March 15, 2026. At<\/p>\n","protected":false},"author":537209,"featured_media":489128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/03\/17\/egypte-hisham-ezz-al-arab-reconduit-a-la-tete-de-la-commercial-international-bank\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,12000,11996,12046,12067],"tags":[],"class_list":{"0":"post-489123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bank","8":"category-banks-insurance","9":"category-finance-en","10":"category-leaders-en","11":"category-managers-en","12":"pmpro-has-access"},"yoast_head":"\nEgypt: Hisham Ezz Al-Arab reappointed as head of Commercial International Bank - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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