12:42 PM
Thursday 08 December 2022
I wrote – Sherine Salah:
The stock exchange stopped trading in the shares of the Commercial International Bank, following news of Hisham Ezz Al-Arab’s return to the bank’s presidency today, Thursday.
Private sources confirmed to “Al-Arabiya” channel that the Board of Directors of the Commercial International Bank decided to appoint Hisham Ezz Al-Arab, the former CEO of the bank, to the position of Chairman of the Board of Directors, following Sherif Sami’s apology for continuing in the position.
The sources indicated that this development will require a general assembly meeting to approve the decision.
And the Commercial International Bank of Egypt announced the appointment of Hisham Ezz Al-Arab as a non-executive board member, following the approval of the bank’s board of directors and the Central Bank of Egypt, on November 22.
This came following the resignation of Hisham Ezz Al-Arab from the position of CEO of the Commercial International Bank of Egypt in October 2020, at the request of the Central Bank of Egypt following 18 years spent in the bank.