Commercial International Bank (CIB) has approved the continuation of Hisham Ezz El-Arab as the bank’s Chief Executive Officer for a new three-year term, running from March 2026 until March 2029.
The assembly also approved the formation of the Board of Directors for the new term, chaired by Nevine Sabbour as Non-Executive Chair. Board members include Fadel Abdel Baki and Aziz Moolji, both representing Alpha Oryx Limited, alongside Hoda Mansour El-Asqalani and Jawaid Ahmed Mirza as non-executive members with extensive expertise.
The board further includes independent non-executive members Burkhard Eckes, Georgios Anagnostopoulos, and Tanvi Prabhu Chandrasekhar, alongside Amr El-Ganainy as Deputy CEO and Islam Zekry as Group Chief Financial and Operations Officer.
In addition, the assembly approved an increase in CIB’s issued and paid-up capital from EGP 33.779bn to EGP 34.051bn, an increase of EGP 272.03m. The increase will be distributed over 27.203 million shares with a nominal value of EGP 10 per share, allocated for the seventeenth tranche of the bank’s employee and management incentive and reward programme through a promise-to-sell mechanism.
