REG - Commercial Int Bank - Items of OGA 2026
19/02/2026 08:00
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RNS Number : 6602T Commercial Intnl Bank (Egypt) SAE 19 February 2026
Ordinary General Assembly
15 March 2026
Item (1)
Board of Directors Report for the Fiscal Year 2025
Enclosed is the Board of Directors' Report for the Fiscal Year ending
31/12/2025 presented to the General Assembly for discussion and approval.
Ordinary General Assembly
15 March 2026
Item (2)
Governance Report and External Auditors' Report
for the Fiscal Year 2025
Enclosed is the Governance Report issued by the Board of Directors for the
Fiscal Year ending 31/12/2025 with the associated External Auditors' Reports,
assessing the Bank's compliance with the governance rules for listed companies
in the Egyptian Stock Exchange. The report is presented to the General
Assembly for discussion and approval.
Ordinary General Assembly
15 March 2026
Item (3)
External Auditors' Reports for the Fiscal Year 2025
Enclosed are the External Auditors' Reports for the Separate and Consolidated
Financial Statements for the Fiscal Year ending 31/12/2025 presented to the
General Assembly for discussion and approval.
Ordinary General Assembly
15 March 2026
Item (4)
Separate and Consolidated Financial Statements
For the Fiscal Year 2025
Enclosed are the separate and consolidated Financial Statements for the year
ending 31/12/2025 presented to the General Assembly for discussion and
ratification.
Ordinary General Assembly
15 March 2026
Item (5)
Recommended Appropriation Account
For the Fiscal Year 2025
The Appropriation Account for 2025 profit share distribution is presented to
the General Assembly for approval and to delegate the Board of Directors to
approve the guidelines for the profit share distribution to the staff for the
Fiscal Year 2025.
EGP in thousands
Available Net Profit for Distribution
as of December 31,
2025
88,461,044
To be distributed as follows:
Legal
Reserve
4,089,832
General
Reserve
30,606,170
Shareholders'
Dividends
20,267,617
Staff Profit
Share
6,866,044
Board of Directors'
Bonus
160,100
CIB
Foundation
1,029,907
Support and Development of the Banking Sector
Fund 686,604
Retained
Earnings
24,754,770
Ordinary General Assembly
15 March 2026
Item (6)
Authorization to the Board of Directors
To pay profit share to former employees resigned in 2024
The approval of the General Assembly is kindly sought to authorize the Board
of Directors to pay the amount of EGP 27,542,117 as profit share to former
employees who resigned in 2024. The amount is to be deducted from Retained
Earnings, in accordance with the amended 2024 staff profit share distribution
guidelines in alignment with CBE regulations.
Ordinary General Assembly
Item (7) - page 1/2
15 March 2026
Item (7)
Increase the Issued and Paid-in Capital
to Fulfill the ESOP for "Year 17" Obligation and Amend
Articles "6" and "7" of the Bank's Statues
The approval of the General Assembly meeting is sought to increase the issued
and paid in capital by (27,203,000) common shares at nominal value of EGP 10
per share, an increase of EGP 272,030,000, to effect the vesting terms for
"Year 17" of the "ESOP", approved by the Financial Regulatory Authority and to
approve amending Articles (6) and (7) of the Bank's Bylaws to reflect the
mentioned increase, subject to the approval of the Central Bank of Egypt.
The approval of the General Assembly is also sought to delegate the Chief
Executive Officer to fulfill the capital increases procedural requirements
after obtaining the required approvals, with the right to delegate others in
doing so, without prejudice to the Listing and Delisting Rules and its
Executive Regulations issued by the Financial Regulatory Authority and
effected by the Egyptian Stock Exchange.
The approval of the General Assembly is also sought to delegate Mr. Mahmoud
Abbas Mohamed Ahmed, Chief Legal Officer, to sign the amendment agreements of
the Bank's Statutes at the respective Notary Office.
Hereunder are Article (6) and (7) before and after amendments:
Article (6) Before Amendment:
The Bank has an authorized capital of EGP 100 billion (one hundred billion
Egyptian Pounds) with issued capital of EGP 33,779,361,000 (thirty-three
billion, seven hundred seventy-nine million, three hundred and sixty-one
thousand Egyptian pounds) divided into 3,377,936,100 (three billion, three
hundred seventy-seven million, nine hundred and thirty-six thousand, and one
hundred) shares at a nominal value of ten Egyptian Pounds.
Article (6) After Amendment:
The Bank has an authorized capital of EGP 100 billion (one hundred billion
Egyptian Pounds) with issued capital of EGP 34,051,391,000 (thirty-four
billion, fifty-one million, three hundred ninety-one thousand Egyptian pounds)
divided into 3,405,139,100 (three billion, four hundred and five million, one
hundred thirty-nine thousand and one hundred) shares at a nominal value of ten
Egyptian Pounds.
Ordinary General
Assembly
Item (7) - page 2/2
15 March 2026
Article (7) Before Amendment:
The Issued Capital of the Bank is composed of Three billion, Three hundred
Seventy-Seven million, Nine hundred and Thirty-Six thousand and one hundred
common stocks distributed as follows:
Name Nationality No. of Stocks Value in EGP
Bank of New York Mellon (Foreign) American 972,038,697 9,720,386,970
Alpha Oryx Limited UAE 562,808,511 5,628,085,110
Other Shareholders (Egyptian & 1,843,088,892 18,430,888,920
(Egyptians & Foreigners) Foreigners)
Total 3,377,936,100 33,779,361,000
The Egyptian subscription is 21.27% according to the approved shareholders'
lists authenticated by Misr for Central Clearing, Depository and Registry, on
the latest position as of 31 August 2025.The full nominal value of the issued
capital amounting to EGP 30,708,510,000 (thirty billion, seven hundred and
eight million, five hundred and ten thousand Egyptian pounds) was fully paid
and recorded in the Bank's Commercial Register. The amount of increase of
3,070,851,000 (three billion, seventy million and eight hundred fifty-one
thousand Egyptian pounds) was funded by allocating a portion of the general
reserve and issuing bonus shares, in accordance with the financial inspection
report issued by the economic performance sector dated 8 October 2025 based on
documentary examination and the bank's statement of financial position as of
March 31(st), 2025. Accordingly, the issued capital has been fully paid.
Article (7) After Amendment:
The Issued Capital of the Bank is composed of three billion, four hundred five
million, one hundred thirty-nine thousand, one hundred common stocks
distributed as follows:
Name & Nationality Nationality No. of Stocks Value in EGP
Bank of New York Mellon (Foreign) USA American 961,555,474 9,615,554,740
Alpha Oryx Limited UAE 481,958,511 4,819,585,110
Other Shareholders (Egyptian & 1,961,625,115 19,616,251,150
(Egyptians & Foreigners) Foreigners)
Total 3,405,139,100 34,051,391,000
The Egyptian subscription is 21.02% according to the approved shareholders'
lists authenticated by Misr for Central Clearing, Depository and Registry on
the latest position as of 31 December 2025.
The full nominal value of the issued capital amounting to EGP 33,779,361,000
(thirty-three billion, seven hundred seventy-nine million, three hundred
sixty-one thousand Egyptian pounds) was fully paid and recorded in the Bank's
Commercial Register. The amount of increase of EGP 272,030,000 (two hundred
seventy-two million, thirty thousand Egyptian Pounds) was deposited at the
Commercial International Bank (CIB) - Egypt S.A.E., Giza Branch, the authority
entity to receive the public offering as certified by the Bank's issued
certificate. Accordingly, the issued capital has been fully paid.
Ordinary General
Assembly
15 March 2026
Item (8)
Notify the General Assembly about the changes to the Board of Directors'
composition
since the previous General Assembly of September 25(th), 2025
In accordance with Article (22) of the Bank's Bylaws, as well as the
provisions of the Central Bank and Banking Sector Law No. 194 of 2020, the
Corporate Law No. 159 of 1981, and their respective executive regulations and
amendments, which require that the General Assembly be informed of any changes
to the composition of the Board of Directors since the last General Assembly
meeting, the following change has occurred since the General Assembly held on
September 25(th), 2025, and is hereby submitted for the Assembly's approval:
· Resignation of Mr. Sherif Samy, Independent Non-Executive Board
Member, effective December 31(st), 2025 for reaching the maximum duration of
service on Board.
Ordinary General
Assembly
15 March 2026
Item (9)
Discharging the Board of Directors for Fiscal Year 2025
The approval of the Ordinary General Assembly is requested to discharge the
Chair and Members of the Board from all liabilities with regard to the Bank's
activities during the Fiscal Year 2025.
Ordinary General Assembly
Item (10) - page 1/8
15 March 2026
Item (10)
Elect the Members of the Board for the upcoming Board Term
(March 2026 - March 2029)
In accordance with the Corporate Law No. 159 for the year 1981 and its
executive regulations and with the Central Bank and Banking Sector Law No. 194
for the year 2020 and in compliance with the Bank's Bylaws, the Board
Membership Nomination Process was published in two local newspapers as well as
EGX, for accepting nominations as of Thursday, November 13, 2025 up to
Thursday, November 27, 2025 for the new Board Term (March 2026-March 2029).
The following list comprises the nominees* for the General Assembly election
(to fill eleven board seats) to be voted on individually. Biographies are
attached.
(1) Ms. Neveen Aly Fayek
Sabbour
Non-Executive Chair (Independent)
(2) Mr. Amin Hisham Mohamed Amin Ezz Al-Arab
Chief Executive Officer
(3) Mr. Fadhel Abdul Baqy Abulhasan Alqaed
AlAli Non-Executive Director
(representing Alpha Oryx Ltd.)
(4) Mr. Aziz
Moolji
Non-Executive Director
(representing Alpha Oryx Ltd.)
(5) Ms. Hoda Ahmed Mohamed Mansour ElAskalany
Non-Executive Director (Independent)
(6) Mr. Jawaid
Mirza
Non-Executive Director
(7) Mr. Burkhard Eckes
Non-Executive Director (Independent)
(8) Mr. Georgios Anagnostopoulos
Non-Executive Director
(Independent)
(9) Ms. Tanvi
Davda
Non-Executive Director (Independent)
(10) Mr. Amr
El-Ganainy
Deputy
CEO
(11) Mr. Islam
Zekry
Group Chief Finance &
Operations
* The names and credentials of the aforementioned nominees were submitted to
the Central Bank of Egypt for approval in compliance to Article (120) of the
Central Bank and Banking Sector Law No. 194 for the year 2020.
Ordinary General
Assembly
Item (10) - page 2/8
15 March 2026
Ms. Neveen Sabbour
Chair
Ms. Neveen Sabbour is a seasoned banker with extensive experience in M&A,
business strategy, banking transformation, financial planning, and management
information systems. In 2024 Ms. Neveen was appointed as Non-Executive Chair,
the first woman to chair CIB's Board.
She currently serves on the boards of several financial and industrial
institutions that includes Meris (Moody's Egypt) and PFI (Egypt Post
Investment Arm). She also sits on the Board of Heliopolis for Housing &
Construction. Ms. Sabbour is a member of the board of trustees of the We Owe
it to Egypt Foundation, as well as Banking for Women in Egypt, an institution
aimed at women's empowerment and financial inclusion. Ms. Sabbour is also the
Chairwoman & CEO of Panther Associates, a boutique investment house,
institutional advisory, and leading asset management institution. Ms. Sabbour
also chaired AAIB Holding Company, and was a board member at Arab African
Investment Management Company, in addition to representing AAIB at
International Capital Markets Association. Upon her appointment as Head of
Business Strategies and Finance Group - Arab African Int'l Bank (AAIB) from
2012 to 2022, she led the Financial Control, Performance Analysis and
Budgeting, Strategic Planning/Project Management, Integration/Change
Management, Market Research, and Management Information Systems divisions and
played a vital role in guiding the bank's performance in terms of growth and
profitability. Ms. Sabbour holds a BA in Economics from the American
University in Cairo.
Mr. Hisham Ezz Al-Arab
Chief Executive Officer
Hisham Ezz Al-Arab was reappointed as Chief Executive Officer and Executive
Board Member of Commercial International Bank (CIB) - Egypt in November 2024.
He previously served as the Chairman of CIB from March 2023, and prior to
that, as a Non-Executive Director of the Board following a brief tenure in
2022 as Advisor to the Governor of the Central Bank of Egypt. In 2020, Mr. Ezz
Al-Arab founded and chaired HE Advisory, where he advised corporates and
fintech start-ups on growth strategies, resource mobilization, financial risk
management, and fundraising, drawing on more than four decades of
international banking experience across Europe, the Middle East, and Africa.
Mr. Ezz Al-Arab is best known for his transformative leadership as Chairman
and Managing Director of CIB from 2002 to 2020. During this period, he led the
bank's evolution from a wholesale lender with a market capitalization of EGP 1
billion into Egypt's largest private-sector bank, exceeding EGP 300 billion in
market capitalization. Under his stewardship, CIB became the blue-chip stock
of the Egyptian Exchange, with ADRs and GDRs listed on the New York and London
Stock Exchanges, and emerged as the global investment community's preferred
proxy for Egypt and a benchmark for banking in emerging markets. Throughout
his career, Mr. Ezz Al-Arab has been a strong advocate of entrepreneurial
culture, meritocracy, and global best practices in corporate governance and
risk management. In 2013, he introduced sustainability and gender equality
initiatives at CIB, positioning the bank as a regional leader in responsible
banking. He additionally led CIB's digital transformation, including the
establishment of the first Data Analytics unit within an Egyptian bank.
Ordinary General
Assembly
Item (10) - page 3/8
15 March 2026
Under Mr. Ezz Al-Arab's current leadership, CIB is executing a five-year
strategic plan (2026-2030) designed to deliver sustainable long-term growth
while responding to evolving macroeconomic conditions, regulatory
developments, and client needs.
He has also spearheaded the bank's regional expansion, notably leading the
establishment of CIB Kenya Limited to support Egyptian mid-sized corporates
expanding into East Africa.
Mr. Ezz Al-Arab has received numerous international accolades, including
African Banker's Lifetime Achievement Award (2023), Global Finance's Lifetime
Achievement Award (2025), and MEED's CEO of the Year (2025). Earlier
recognitions include EMEA Finance's Best CEO in Egypt and Africa and
Euromoney's Outstanding Contribution to Financial Services in the Middle East.
Beyond banking, Mr. Ezz Al-Arab is the Founder and Chairman of the Board of
Trustees of the CIB Foundation, which has positively impacted nearly 8 million
underprivileged children through healthcare initiatives across Egypt. He has
held several prominent board and advisory roles locally and internationally
and began his career with Merrill Lynch, Deutsche Bank, and JP Morgan in
London.
Mr. Fadhel AlAli
Non-Executive Director
Mr. Fadhel AlAli serves as the Chairperson of Dubai Financial Services
Authority (DFSA). He is a strategic leader with a vast range of experience in
corporate governance and commercial roles across a variety of business
contexts such as startups, rapid growth, fix-it, and turnarounds. He brings
over 30 years of experience in multiple industries including real estate,
hospitality, investment, and banking and has led several corporate functional
organizations such as Finance, HR, Legal, Business Excellences and Marketing
and Communications.
Throughout his career, Mr. AlAli has made remarkable achievements that extend
across contributing to the creation of Dubai Holding and managing its 2009
post-recession crisis, along with contributing to the creation of its new
business model as a strategic investor. Moreover, he recorded the highest ever
profit for Dubai Holding since its inception. He also succeeded in issuing
multi-currency multiple tenor bonds worth USD 2.25 billion for Dubai Holding
Commercial Operations Group. Mr. AlAli started his career as a banker in 1989
in Citibank and joined Dubai Holding in 2004, where he served in multiple
positions including CFO, COO, and, finally, CEO till 2017. This was followed
by a four-year stint as FAB's Deputy CEO and group COO until 2021, before
chairing DFSA.
Mr. AlAli joined CIB's Board of Directors on May 2022 as a Non-Executive Board
member, representing the interests of Alpha Oryx Ltd. Mr Al Ali is the
Chairman of Dubai Financial Services Authority and Majid Al Futtaim Capital.
In addition, he is the Vice Chairman of WIO bank and he is a Member of the
Higher Committee for the Development of the Economic and Financial Sector with
the Government of Dubai and a member of the Financial Stability Council.
Mr. AlAli holds a bachelor's degree in Industrial and System Engineering from
the University of Southern California.
Ordinary General
Assembly
Item (10) - page 4/8
15 March 2026
Mr. Aziz Moolji
Non-Executive Director
Mr. Aziz Moolji serves as ADQ's M&A and Alternative Investments Director.
He brings to the Board more than 20 years of experience in Private Equity and
Investment Banking across North America and Emerging Markets. He invested over
USD 2 billion in transactions across Financial Services, Consumer Products,
Industrials, Infrastructure, Education, Hospitality and Logistics.
Mr. Moolji started his career at Goldman Sachs & Co. in 1996 and joined
Lehman Brothers in 2005. In 2006, he joined Merrill Lynch & Co., Inc. as
Vice President, Financial Sponsors Group for two years. In 2009, Mr. Moolji
joined Abraaj Group, Dubai, where he served as Managing Director, Private
Equity for ten years and led transaction execution, post-acquisition
management, and exits for transactions across Middle East, Africa, Turkey,
Asia, and Latin America. Mr. Moolji also served as Vice President, Investments
and Portfolio Management at Dubai Holding for two years until 2021 before
joining ADQ. Mr. Moolji joined CIB's Board of Directors on May 2022 as a
Non-Executive Board Member representing the interests of Alpha Oryx Ltd.
He holds a BS in Electrical Engineering and Management from Massachusetts
Institute of Technology, Cambridge. Later, he received his Master Degree in
Finance from the Wharton School of the University of Pennsylvania.
Eng. Hoda Mansour
Independent Director
Eng. Hoda is a highly experienced, creative and self-motivated executive with
vast experience in delivering innovation and business value for customers. In
March 2025, she was appointed as the Managing Director & Vice Chair for
Sukari Gold Mines representing AngloGold Ashanti- the world fourth largest
Gold Producer based in Denver USA. Before which, she served on Centamin
PLC's Board of Directors, the former operator of Sukari Gold Mines, which was
listed on London and Toronto Stock Exchanges and acquired in November 2024 by
AngloGold Ashanti where she was a member of Centamin's board Audit & Risk
and Sustainability Committees.
Eng. Mansour Joined AngloGold Ashanti from IFS, a global provider of
industrial AI solutions, where she was the COO for Asia Pacific, Japan, Middle
East and Africa. She also worked for leading multinational software companies
including SAP, Oracle and Microsoft in regional and global capacities living
and working in three different continents which has given her a well-rounded
experience in dealing with different cultures, challenges, and business
models. Recognizing her impact on the business, Forbes Middle East named her
one of 100 Most Powerful Businesswomen since 2018 till date and one of the Top
5 Women in Technology in 2022.
Prior to working at IFS, she was with global software developer SAP for almost
11 years where she led SAP's Business Process Transformation in Southern
Europe, Middle East & Africa (EMEA South) covering 75 countries. Before
which, she was the first female to be appointed in a managing director role by
SAP across the whole of the Middle East & Africa region, the first person
to hold the role of COO for the United Arab Emirates and Oman, and the first
women to lead a multinational software company in Egypt.
Ordinary General
Assembly
Item (10) - page 5/8
15 March 2026
Eng. Mansour was a part of the Global Executive Leadership Team at SAP and
regularly speaks at global and regional forums. In October 2025, she was
appointed to the board of the Banking Reform and Development Fund under the
leadership of H.E. the Governor of the Central Bank of Egypt. In November
2024, she was appointed by a Presidential Decree as member of Egypt's
National Council for Women. In April 2023, she was appointed to the Board of
Commercial International Bank (CIB) and has since been selected as the CIB
Board Chair for the Bank's Sustainability Committee and member of the Board
Strategy and Transformation committee (formerly Operations & Technology
Committee). She has been a member of AmCham Egypt's Board of Governors since
June 2021.
Eng. Mansour holds a B.Sc. with Distinction & Honors in Engineering from
Alexandria University in addition to a Master of Business Administration (MBA)
with Distinction from Maastricht School of Management.
Mr. Jawaid Mirza
Non-Executive Director
Mr. Jawaid Mirza is a seasoned banking executive and strong proponent of
international corporate governance, bringing over 37 years of diversified
global experience across financial and risk management, technology
transformation, mergers and acquisitions, business turnarounds, and
operational leadership. Mr. Mirza currently serves as a Non-Executive Board
Member of AGT Food and Ingredients Inc. (Canada). He has also held several
prominent board roles, including Lead Director at Commercial International
Bank - Egypt (CIB), and Non-Executive Independent Director at Bank of Athens
(Johannesburg, South Africa). He further served as a Non-Executive Independent
Director at Atlas Mara, a sub-Saharan African financial services group
operating in seven countries. In addition to his board responsibilities, Mr.
Mirza held senior executive roles at Commercial International Bank - Egypt
(CIB), including Managing Director & Chief Executive Officer of Consumer
Banking and Group Chief Operating Officer. Earlier in his career, Mr. Mirza
served with major global financial institutions including Citibank and ABN
AMRO Bank N.V. At ABN AMRO, where he held several senior leadership roles
including Chief Financial Officer - European Region (26 countries), Chief
Financial Officer - Asia (including Australia, New Zealand and the Middle
East), and Managing Director and Chief Operating Officer for Global Private
Banking, Asset Management and New Growth Markets. He led multiple bank
acquisition due diligences across Europe, Asia, and Latin America, and was a
member of ABN AMRO's Top Executive Group (TEG), as well as the Group Finance
and Group COO Boards.
Mr. Mirza also served for nine years as Non-Executive Independent Director at
Eurobank Ergasias (Greece), where he chaired the Board Audit Committee and the
Board Transformation and Technology Committee, and served as a member of the
Board Nomination & Governance Committee and the Board Remuneration
Committee. Mr. Mirza holds various executive management courses from leading
reputable institutions like Queens Business School, Wharton Business School,
Stanford Graduate School of Business. He is a member of the Institute of
Corporate Directors, Canada.
Ordinary General
Assembly
Item (10) - page 6/8
15 March 2026
Mr. Burkhard Eckes
Independent Director
Burkhard Eckes started his career in 1986 in PricewaterhouseCoopers (PwC)
before becoming a partner from 1996 till 2022. He is a graduate auditor, was
the Banking & Capital Markets (BCM) Leader in EMEA and member of the
Global BCM Leadership Team focusing on development and implementation of
banking strategies, regulatory requirements and practices, governance and
compliance, risk management, reporting, accounting, ESG.
Mr. Eckes became a senior advisor of PwC Germany in 2022 and retired from PwC
in 2023, and has since been serving as Board and committee member in several
companies: actually, he is Chair of the Audit Committee, Member of the Risk
Committee and Member of the Nomination and Corporate Governance Committee of
Eurobank S.A. in Athens, Member of the Supervisory Board and Chair of the
Audit Committee, Member of the Risk Committee of Bank Pictet & Cie
(Europe) AG in Frankfort. Mr. Eckes is also Chair of the Audit Committee,
Vice Chair of the Risk Committee and member of the Nomination Committee of
Bayerische Landesbank in Munich. In June 2025, Mr. Eckes joined the Commercial
International Bank - Egypt (CIB) Board of Directors as a non-executive,
independent Board Member. Since July 2025 he has been chairing the Audit
Committee.
Mr. Georgios Anagnostopoulos
Independent Director
Mr. Anagnostopoulos is a senior executive and brings more than 35 years of
international experience in Banking and other Financial Institutions in
Greece, Germany, Italy, UK, Singapore, South Africa and Denmark as well as
experience in all facets of Risk Management, Digital Transformation &
Strategy and Corporate Governance.
Up to recently, he was an External Advisor to McKinsey and Company in their
EMEA Risk & Resilience practice. He served as Group Chief Risk Officer at
Danske Bank and in various divisional CRO roles at Barclays Africa and
Standard Chartered in Asia, as well as in senior executive roles in GE
Capital, Deutsche Bank and Citigroup.
George currently serves as a NED in the new Hellenic Innovation and
Infrastructure Fund (HIIF), the investment arm of Growthfund, Greece's
National Wealth Sovereign fund and he is also Chairing the Advisory Board of
Geoaxis, a Greek Real Estate company.
He also brings valuable expertise as a former Non-Executive Director in an
Asset Management bank in Luxembourg, a Leasing company in Denmark, a
Collections / Credit Management company in Italy, and a Credit Card / Loan JV
in South Africa.
He has always worked in multicultural and geographically diverse environments,
led through transformation and change and through various economic cycles,
always focusing on healthy business growth.
He holds a Bachelor of Science from Fairleigh Dickinson University in New
Jersey and an MBA from the University of Georgia, in Georgia, USA.
Ordinary General
Assembly
Item (10) - page 7/8
15 March 2026
Ms. Tanvi Davda
Non-Executive Independent Board Member
Ms. Tanvi Davda is an experienced international banking executive and
Non-Executive Director with over 30 years of experience across global
financial services markets in Europe, the United States, and Asia. She brings
deep expertise in banking, capital markets, wealth and asset management,
alongside extensive board-level governance experience within regulated
institutions.
Ms. Tanvi has held senior executive roles at leading global institutions
including Barclays Wealth & Investment Management, RBS/ABN AMRO, IBM, and
Credit Suisse. As COO of Global Investments & Solutions at Barclays
Wealth, she was responsible for approximately £2bn in revenue and 1,000
employees, overseeing integrated product platforms across banking, credit,
investments, asset management, and insurance. She has led complex
integrations, driven large-scale transformation programs, and managed
significant regulatory and risk frameworks within global banking environments.
As Co-Founder and Chief Executive Officer of Saranac Partners, she
successfully built an FCA-regulated private wealth firm from inception to over
£3bn in assets under management within four years. She led capital raising,
regulatory authorisation, governance structuring, remuneration design, and the
recruitment of a high-performing team, establishing a strong
institutional-quality platform serving high and ultra-high net worth clients.
In her non-executive capacity, Ms. Tanvi currently serves as a Non-Executive
Director at Paragon Bank Plc and Luminor Bank AS, contributing across Risk,
Audit, Compliance, and Remuneration Committees. She also has prior
public-sector board experience with Ofqual and the Student Loans Company. She
is recognised for her strong commercial judgement, regulatory insight, risk
oversight capability, and commitment to effective governance and sustainable
growth.
Mr. Amr El Ganainy
Deputy Chief Executive Officer
Mr. Amr El Ganainy is one of Egypt's esteemed financial industry executives,
with over 39 years of experience since his graduation from the Faculty of
Commerce, Cairo University in 1985. He started his career at Suez Canal Bank,
where he excelled to Senior Dealer. He then moved to Export Development Bank
in 1994, reaching the post of Chief Dealer. In 1996, he joined United Bank of
Egypt, as part of the new management team tasked with revamping the bank, as
Treasurer and Head of Correspondent Banking. Mr. El Ganainy joined CIB in 2004
as General Manager Financial Institutions Group, leading the group through his
strong business relationships in the market on the local and regional fronts.
He is also JP Morgan Chase, London credit certified in 2005. As a result of
his prior leadership excellence, in 2010 CIB's Senior Management tasked him
with launching the Global Customer Relations Department. In October 2023, Mr.
El Ganainy was appointed Deputy CEO and Managing Director. Prior to that, he
was the CEO of Institutional Banking at CIB since 2017, achieving short and
medium-term strategic objectives, while aligning with the Bank's philosophy,
mission and vision. In November 2024, in his capacity as Deputy CEO, Mr. Amr
El Ganainy joined the Board as Executive Director. Mr. El Ganainy's exposure
has stretched globally; he was appointed to Mastercard's Advisory Board and
was the first Egyptian and youngest Chairman of the InterArab Cambist
Association (ICA) based in Beirut, of which he is currently Honorary Chairman.
Ordinary General
Assembly
Item (10) - page 8/8
15 March 2026
He was also an Executive Board Member of ACI International based in Paris, in
addition to being the Founder and Chairman of ACI Egypt, of which he remains
Honorary Chairman. He represented CIB in a number of its affiliates, chairing
the Board of Directors of Commercial International Brokerage Co. (CIBC), CI
Asset Management Co. and a Board Member of CI Capital Holding Co. With his
renowned reputation and widely acclaimed experience, Mr. El Ganainy was
selected as an independent board member in large corporations in Egypt in the
aviation, tourism, financial services, and telecommunications sectors. He
was also elected Board Member in Misr for Central Clearing, Depositary and
Registry Co. for five consecutive rounds from 2005 to 2021. Mr. El Ganainy's
experience led to his appointment as a member of the consortium to promote a
culture of dealing with tourists based on the decision of the Egyptian Prime
Minister in September 2022.
Mr. Islam Zekry
Group Chief Finance & Operation Officer
Islam Zekry is Group Chief Finance and Operations Officer at CIB where he is
an Executive Director of the CIB Board of Directors, a member of the bank's
Executive Committee, and a board member of CIB Kenya. Mr. Zekry has
demonstrated a proven track record in optimizing financial performance,
driving growth, fostering innovation, and delivering value to stakeholders.
His extensive knowledge of global markets, regulatory environments, and
industry trends-both locally and internationally-enables him to provide
strategic financial guidance that supports CIB strategic objectives. Prior to
his appointment as CFO in 2023, Mr. Zekry was the first appointed Chief Data
Officer having created the Data Analytics group in 2016. In that role he
oversaw data warehousing, business design and operations, analytics, and the
bank's quant finance platforms. He joined CIB in 2004 in the Finance
Department. Mr. Zekry has broad international experience in markets across
Europe, the Middle East and Africa. He is a steering committee member of Smart
Africa, an international alliance established to accelerate sustainable
socioeconomic development on the continent. He is a member of the EU-AU
Digital Economy Task Force, which examines ways of cooperative engagement in
the field of digital economy between Europe and Africa. In addition, he serves
on the Digital Transformation Committee of the World Economic Forum WEF. Most
recently he was nominated to the Egyptian AI Council to formulate and execute
the country's AI vision strategy. Mr. Zekry is a member of the Chartered
Institute of Managerial Accountants in the UK, member of FITCH Quantitative
Finance Institute in London, and Non-Executive-Director at NLB Banking Group
in Central Europe, and a member of the Board of Telecom Egypt "WE." Under his
leadership, London Business School (LBS) featured CIB's data transformation as
a case study in 2018, making CIB the first Middle Eastern company to be
analysed by the master's program for Advanced Analytics. Subsequently, Harvard
Business School included the case study in its curriculum, and it became a
reference for a number of international and academic research centres. Mr.
Zekry was leading the team responsible for multiple prestigious awards and
international recognition from global institutions such as Euromoney, Global
Finance, International institute of Finance (IIF), Carnegie Mellon University
distinguished quants practice award and Digital Awards 50-Silicon Valley. Mr.
Zekry holds Doctorate in Financial mathematics and MBA from the University of
Chicago- Booth Business School with a concentration in Advanced Financial
Analytics and Corporate Economic Performance Management.
Ordinary General Assembly
15 March 2026
Item (11)
Proposed Remuneration for the Directors of the Board
for the Fiscal Year 2026
The Board of Directors has approved to submit to the General Assembly the
proposal of the Compensation Committee to pay an annual Board sitting fees to
each Non-Executive Director a net amount of EGP 360,000 for the Fiscal Year
2026.
The matter is referred to the General Assembly for approval.
Ordinary General Assembly
15 March 2026
Item (12)
Appointment of the Bank's External Auditors
For the Fiscal Year 2026
And Approving their Fees
In accordance with Article No. 42 (bis) of the Bank's Statute, the Ordinary
General Assembly appoints in its annual meeting two external auditors and
determines their fees.
In light of the recommendation of the Bank's Audit Committee and as concurred
by the Board of Directors, the General Assembly is kindly requested to approve
the Bank's Auditors for the Fiscal Year 2026 to be "Mr. Abdelhadi Mohamed Ali
Ibrahim, Partner,(KPMG Hazem Hassan - Public Accountants & Consultants) "
and "Mr. Hossam El-Din Mohamed Abdallah Hilal, Partner - Baker Tilly Mohamed
Hilal and Wahid Abdel Ghaffar Legal Auditors & Consultants" as the Bank's
Auditors for the Fiscal Year 2026 for a total proposed auditing fees of EGP
14.7mn (excluding VAT) for auditing the Bank's annual and quarterly
standalone and consolidated financial statements and issuing related reports.
Ordinary General Assembly
15 March 2026
Item (13)
Authorization to the Board of Directors
to Approve Donations in 2026
The approval of the General Assembly is kindly sought to authorize the Board
of Directors to approve donations above EGP 1000 per recipient during the year
2026 in conformity with Article "101" of the Corporate Law No. 159 of 1981.
As for the Fiscal Year 2025 and in addition to the annual approved amount
allocated by the General Assembly to the "Commercial International Bank
Foundation" of 1.5% of the Bank's Net Profit to pursue the Foundation's
philanthropy mission, the Board of Directors approved donations during the
Fiscal Year 2025 as authorized by the General Assembly in 2025, as follows:
Ø EGP 30 million to the Fund for Honoring the Martyrs, Victims, Missing
Persons, and Injured of War, Terrorist, and Security Operations, and their
families.
Ø EGP 3 million to the development works of historic downtown Khedivial
Cairo.
Ø EGP 2 million to Tahya Misr Fund (Abwab Elkher initiative).
Ordinary General Assembly
15 March 2026
Item (14)
Authorization to the Directors
To Assume Executive Roles in Other Companies
The approval of the Ordinary General Assembly is sought to authorize the
Directors to assume full time jobs (technical or administrative) in other
shareholding companies in conformity with Article "95" of the Corporate Law
No. 159 of the year 1981.
http://www.rns-pdf.londonstockexchange.com/rns/6602T_1-2026-2-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6602T_1-2026-2-19.pdf)
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Copyright 2019 Regulatory News Service, all rights reservedRecent news on Commercial International Bank Egypt CIB
See all newsREG - Commercial Int Bank - Resolutions Ordinary General Assembly March 2026
AnnouncementREG - Commercial Int Bank - Resolutions Extraordinary GA March 2026
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