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.
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