12:42
Thursday 08 December 2022
I wrote – Sherine Salah:
The stock exchange suspended trading in Commercial International Bank shares following news of the return of Hisham Ezz Al-Arab as chairman of the bank on Thursday.
Private sources confirmed to Al-Arabiya channel that the CIB board of directors has decided to appoint Hisham Ezz Al-Arab, the bank’s former CEO, to the position of chairman of the board, after an apology from Sheriff Sami for continuing to fill the position.
The sources indicated that this development will require a general meeting to approve the decision.
And the Commercial International Bank of Egypt announced the appointment of Hisham Ezz Al-Arab as a non-executive board member, following approval by the bank’s board and the Central Bank of Egypt on Nov. 22.
This came after the resignation of Hisham Ezz Al-Arab as CEO of the Commercial International Bank of Egypt in October 2020, at the request of the Central Bank of Egypt after 18 years in the bank.
