Egyptian President Abdel Fattah Al-Sisi has signed Presidential Decree No. 733 of 2025, reconstituting the Board of Directors of the Central Bank of Egypt (CBE) and renewing Hassan Abdallah's appointment as Chairman of the Board, in his capacity as Acting Governor, for an additional one-year term. The decree took effect from 27 November 2025, as published in the Official Gazette and reported on 22–23 December 2025.
Abdallah will continue to lead the CBE.
NEW BOARD COMPOSITION SET BY PRESIDENTIAL DECREE
Presidential Decree No. 733 of 2025 also establishes the new composition of the CBE's Board of Directors. The reconstituted board includes Deputy Governors Rami Abou El-Naga and Tarek El-Khouly.
The effective date of the decree — 27 November 2025 — predates the public announcement, which was made in late December 2025.
ABDALLAH'S ACTING MANDATE
Abdallah has been Acting Governor since August 2022, and his acting mandate was extended by presidential decree in August 2025 for a further year from 18 August 2025.
The CBE's mandate encompasses monetary policy, foreign-exchange management and banking sector regulation.