Hisham Ezz Al-Arab continues as CIB CEO as shareholders approve new board for 2026–2029

Updated 3/16/2026 12:36:00 PM
Hisham Ezz Al-Arab continues as CIB CEO as shareholders approve new board for 2026–2029

Arab Finance: Shareholders of Commercial International Bank Egypt (CIB) approved the continuation of Hisham Ezz Al-Arab as CEO after the bank’s ordinary general meeting (OGM) endorsed the formation of its board of directors for the period from March 2026 to March 2029, as per a disclosure.

The board will be headed by Nevine Sabour as non-executive chairperson, while Fadel Abdel-Baqi will continue as a non-executive board member representing Alpha Oryx Limited.

The bank said its OGM approved a proposal to increase the issued and paid-up capital from EGP 33.779 billion to EGP 34.051 billion by issuing 27.203 million shares at a par value of EGP 10 per share.

The assembly also approved the distribution of a cash dividend of EGP 6 per share, payable on April 9th, 2026. 

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