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# CIB Egypt Reappoints Hisham Ezz Al-Arab as CEO for Three-Year Term and Approves Capital Increase at March 2026 General Assembly
- URL: https://www.theglobalbanker.com/cib-egypt-reappoints-hisham-ezz-al-arab-ceo-three-year-term-march-2026/
- Published: 2026-03-15T17:11:00.000Z
- Updated: 2026-10-17T22:33:35.000Z
- Description: CIB Egypt's Ordinary General Assembly reappointed Hisham Ezz Al-Arab as CEO for March 2026–March 2029 and approved a capital increase from EGP 33.779bn to EGP 34.051bn.
- Author: TGB Editorial Team
- Tags: Executive Moves, MENA, #archive

The Ordinary General Assembly of Commercial International Bank Egypt formally reappointed Hisham Ezz Al-Arab as Chief Executive Officer on 15 March 2026, approving a new three-year mandate that runs from March 2026 through to March 2029\. The assembly, which convened in Cairo, also constituted a new Board of Directors with Nevine Sabbour confirmed as chair, and approved a capital increase that lifts CIB's issued capital from EGP 33.779 billion to EGP 34.051 billion. 

#### BOARD COMPOSITION AND CAPITAL INCREASE

Alongside the CEO renewal, the assembly formed a new Board of Directors under the chairmanship of Nevine Sabbour. The new board includes Fadel Abdel Baki and Aziz Moolji (representing shareholder Alpha Oryx), Deputy CEO Amr El-Ganainy and Group CFO/COO Islam Zekry, alongside non-executive and independent directors.

The capital increase approved by the assembly — from EGP 33.779 billion to EGP 34.051 billion — is an increment of approximately EGP 272 million, representing less than 1% of existing capital. The increase — 27.2 million shares at EGP 10 nominal value — is allocated to the 17th tranche of CIB's employee and management incentive (promise-to-sell) programme.