Cairo – Mubasher: The board of directors of Al Baraka Bank-Egypt has authorised the bank's Chairman, Abdulaziz Yamani, to negotiate and contract with Hazem Hussein Hegazy to hold the position of the Deputy Chairman and CEO of the bank, under the approval of the Central Bank of Egypt (CBE).
The board approved the resignation of Ashraf Ahmed Mustafa Moussa El-Ghamrawy from his position as the Deputy Chairman and CEO, which will be effective as of 1 October, according to a bourse disclosure on Tuesday.
Sami Fathi Mohamed Abdel Gawad also resigned from his position as the Vice CEO and Board Member of the bank.
In the first six months of 2021, Al Baraka Bank-Egypt achieved net profits of EGP 611.88 million, up from EGP 543.67 million in the year-ago period, including minority shareholders' rights.
