REG - Commercial Int Bank - Change in CIB's Board of Directors

Commercial International Bank Egypt CIBAnnouncement

19/05/2022 15:15

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RNS Number : 1534M  Commercial Intnl Bank (Egypt) SAE  19 May 2022

 

RELEASE

CAIRO - May 19(th), 2022

Commercial International Bank - Egypt (CIB) would like to announce that the
CBE approved the appointment of Mr. Fadhel Al Ali and Mr. Aziz Moolji as
non-executive Board members representing the interests of Alpha Oryx Ltd. - a
subsidiary of ADQ- in CIB following its recent acquisition of 18.595% of the
Bank on April 12(th), 2022. The Board will advise the General Assembly with
the changes in the Board structure in its first upcoming meeting.

Mr. Fadhel Al Ali serves as Chairman of Dubai Financial Services Authority
(DFSA), and brings 30 years of experience in multiple industries including
real estate, hospitality, investment, and banking. Mr. Al Ali started his
career as a banker in 1989 in Citibank, and led the financial restructuring of
Dubai Holding's investment groups in which he served as its Chief Executive
Officer until 2017 before serving as FAB's Deputy CEO and Group COO from 2017
until 2021.

Mr. Aziz Moolji serves as ADQ's M&A and Alternative Investments Director,
prior to which he was Dubai Holding's Vice President of Investment and
Portfolio Management from 2019 until 2021. Throughout his career, Mr. Al
Moojli held several positions in global investment banks such as Goldman Sachs
and Merrill Lynch.

http://www.rns-pdf.londonstockexchange.com/rns/1534M_1-2022-5-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1534M_1-2022-5-19.pdf)

End of Release

 

 

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