REG - Commercial Int Bank - Release regarding a change in CIB's BOD Structure

Commercial International Bank Egypt CIBAnnouncement

08/03/2021 07:06

RNS Number : 4061R
  
Commercial Intnl Bank (Egypt) SAE
  
08 March 2021
  
 

 
 
 
RELEASE
 
 
Cairo - March 8th, 2021 
 
CIB would like to announce the appointment of Mr. Tarek Rouchdy as an independent director of the Board, effective March 8th, 2021 as approved by the Central Bank of Egypt (CBE).
 
With four decades of experience with local, regional and international banks and financial institutions, Mr. Rouchdy brings a wealth of knowledge and experience in internal audit, controls and risk management. He currently manages his consulting firm and is a Commissioner of the UK's Independent Commission for Aid Impact. 
 
Mr. Rouchdy's professional career spans over Egypt, Europe, Africa and the Arab region. He is a former Head of Internal Audit at the European Bank for Reconstruction & Development and of the African Development Bank. He also worked at the Italian International Bank in London and the Bank of Nova Scotia among others. 
 
 Mr. Rouchdy holds a bachelor's degree of Arts in Economics from the American University in Cairo, he is an Associate of the Chartered Institute of Bankers, an Associate and Fellow of the Chartered Association of Certified Accountants, in addition to holding a Diploma in Corporate Treasury Management from the Chartered Institute of Corporate Treasurers.
 
CIB's Board of Directors and Executive management are pleased to welcome Mr. Rouchdy on board and are confident that he will be a significant asset to the Bank and will provide valuable perspectives to the Board and its committees.
 
 
END OF RELEASE
 
 
 
Yasmine Hemeda
 
Head of Investor Relations

 
    http://www.rns-pdf.londonstockexchange.com/rns/4061R_1-2021-3-7.pdf
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCUPUCPWUPGGQM