CBE approves appointment of Hazem Hegazy as Al Baraka Bank Egypt’s CEO

The decision will be submitted to the next ordinary general meeting (OGM), the bank said

  
A woman walks past the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013. Image used for illustrative purpose

A woman walks past the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013. Image used for illustrative purpose

REUTERS/Amr Dalsh
Cairo –  Al Baraka Bank-Egypt has received the Central Bank of Egypt's (CBE) approval to appoint Hazem Hussein Rashad Hegazy as the Deputy Chairman and CEO of the bank.

The decision will be submitted to the next ordinary general meeting (OGM), the bank said in a bourse disclosure on Monday.

In the first six months of 2021, Al Baraka Bank-Egypt achieved net profits of EGP 611.88 million, up from EGP 543.67 million in the year-ago period, including minority shareholders' rights.

Source: Mubasher

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