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Board of Directors

Mr. Tarek Mohamed Badawy ALkholy
Mr. Tarek Mohamed Badawy ALkholy

Chairman & delegated Member of the Board

Mr. Tarek El Kholy, has more than 35 years’ of extensive experience in the Banking and Finance industry, during which he has held key operational and managerial positions. Mr. El Kholy holds a High Diploma in Banking Finance, he has attended extensive training programs in diverse technical and managerial levels in the fields of Risk Management, Strategic Planning, Project Finance, Treasury, Capital Markets, Trade Finance and credit analysis.

 

He joined the Banking Industry in 1982 with the Arab Bank PLC, as a Foreign Exchange officer, Credit Risk Manager, Senior Credit Manager then he joined MiBank as General Manager (Head of consolidated Risk Management) also he joined Bank Audi as Senior General Manager (Head of consolidated Risk Management). He was a member of various Commercial Banks’ BODs and committees: General Management Committee (GMC), Head Office Credit Committee (HOCC), Assets and Liability Management Committee (ALCO), Moreover, He has represented Mibank as Board Member at (Arab Contractors Medical Centre –Incolease Company-Remco Company for Tourism). Mr. Tarek has participated in all Mibank Restructuring phases under the supervision of Lloyds Bank TSB, Mr. Tarek was appointed as assistant Sub- Governor at CBE (Chief Risk Officer) beside managing the re-engineering of process and procedures, Then he became the Sub- Governor at Central Bank of Egypt (Head of on- site Banking Supervision and Chief Risk Officer- Head of Risk Management). Currently he sits as Societe Arabe Internationale de Banque Chairman since 1/8/2018.

Mr. Atef Ali Ibrahim El-Sayed
Mr. Atef Ali Ibrahim El-Sayed

Non-executive Board Member

Mr. Ibrahim was the Managing Director of Banque du Caire, a member of its board and the Executive Committee, and Head of the Asset Liability Committee. He was the first sub Governor of the Central Bank of Egypt in charge of foreign exchange interbank, monetary policy implementation, reserve management, and external debt. Mr. Ibrahim has gained extensive experience in the banking industry in both local and international markets. He acted as the General Manager and Senior Investment Officer of Arab International Bank in Cairo, Vice President and Investment Consultant at Merrill Lynch in both London and Bahrain, and Investment Consultant at Lehman Brothers in Bahrain. He also served as Head of Treasury at Gulf Riyad Bank in Bahrain as well as Arab African International Bank in Cairo. Mr. Atef holds an MBA from the American University in Cairo in Business Finance and completed his Investment Certification with the (NYSE), the (NASD), and the (CBOT).

Mr. Hassan Mokhtar Hegazy Kamal Eldin
Mr. Hassan Mokhtar Hegazy Kamal Eldin

Non-executive Board Member

Mr. Hegazi is a private Egyptian entrepreneur with more than 42 years of experience in business with strong management skills and an extensive network in both multinational corporations and governmental organizations. He is the owner and CEO of Master Trading Company. He is also a member of the association of business Executives in the U.K., as well as an active member of the American Chamber of Commerce in Egypt (AMCHAM). Mr. Hegazi was the Vice Chairman of Customs & Taxation Committee (AMCHAM) and then served as the Chairman. He was appointed by a Ministerial Decree as a member of the High Supreme Committee for Customs reform in Egypt chaired by Minister of Finance from 2003 to 2004. He was also appointed by a Ministerial Decree as a Member of the Customs & taxation Model Center chaired by Minister of Finance representing the AMCHAM in 2004. He also was the executive Director of the U.S. / Egypt Business Council promoting trade & investment between Egypt and
U.S. from 2005 till 2009. Mr. Hegazi is the executive director of Shefaa Charity Foundation for cancer treatment & the AMCHAM representative in the federation of Egypt Industries involved in the process of constituting the new custom law amendments 2007-2008, as well as in the National Democratic party. He is a board member of Middle East Radio communication Company (MERC) and also a board member of Credit Agricol Egypt Bank – Member in both Risk & Audit Board Committee of the bank. He is also the Chairman of the lead foundation established by Miss. Elizabeth Chieeny (USA) in Egypt (Micro Finance)

Gen. Abu Bakr Mahmoud El Gindi
Gen. Abu Bakr Mahmoud El Gindi

Non-executive Board Member

Mr. Abu Bakr El Gindi is the former Minister of Local Development. He has more than 50 years of experience in the fields of international relations, communications, statistics and socio-economic development. He played different senior management and leadership roles in the Armed Forces, central agency for public mobilization and statistics, and the Ministry of Local Development. Gen. Abu Bakr is Chairman of the Higher Committee for Viewership Research Supreme Council for Media Regulation and has a Master degree in Military Science and a Master degree in Strategic Resources Management from the American Defense University.

Dr. Ahmed Abdel Salam Abdel Aziz
Dr. Ahmed Abdel Salam Abdel Aziz

Non-executive Board Member

Dr. Ahmed Abdel Aziz is currently the Chairman & Managing Director of Misr Life Insurance Company since January 2016. He also served as the full-time board member for insurance affairs of Misr life insurance company until November 2015. He has more than 20 years of experience in the Insurance field, he had contributed in the foundation of several insurance companies in Egypt and Saudi Arabia where he helped establish Al Rajhi Cooperative Insurance Company in Saudi Arabia and held a position of Chief Technical Officer during the period of October 2011 to November 2014 He was also the Head of Life Insurance Operations at Allianz Egypt from September 2007 to June 2009, and served as Chief Technical Officer from June 2003 to June 2006.

Mr. Sayed Farouk Abdel Hamid Elbaroudy
Mr. Sayed Farouk Abdel Hamid Elbaroudy

Non-executive Board Member

Mr. El Baroudy is the Chairman and CEO of the Arab Contractors Company since October 2020. He holds a Bachelor degree in civil Engineering from Ain Shams University. He has more than 36 years of experience during which he has assumed key leading positions. Mr. El Baroudy has led and supervised several strategic sectors and enormous projects among which are the Housing and Quarries sector, the Electro- mechanical sector, Distinction buildings and Industrial buildings, the Central Bank of Egypt construction project, Cairo Stadium construction project. He was also the deputy responsible for the Joint venture for Bibiotheca Alexandria project with Balfour Beatty and Rodio Trevi. He assumed the responsibility for leading and supervising Dar Al-Hadith Auditorium construction project at Madinah-Saudi Arabia.

Mrs. May Abdel Hamid Ahmed Elsayed
Mrs. May Abdel Hamid Ahmed Elsayed

Independent Board Member

Mrs. Hamid is the Chairman of the Mortgage Finance Fund since September 2010, an affiliated entity to the Ministry of Investment mainly in charge of improving access to housing and finance to low income groups. Since 2016 she has also been appointed as the Executive Director of Social Housing Fund (SHF) affiliated of Ministry of Housing, Utilities and New Urban Communities. In August 2018 both funds were merged & she was appointed as the CEO of Social Housing & Mortgage Finance Fund (SHMFF). She graduated from the American University in Cairo in 1993 & has several professional diplomas in global corporate banking, credit risk management and international housing finance from American Express Bank New York & Wharton Business School at the University of Pennsylvania. Ms. Abdel Hamid is a leading expert in corporate & mortgage lending with over 26 years of professional experience. Her latest positions include being Advisor to the Chairman of the Egyptian Mortgage Finance Authority, the regulator of the mortgage market. She also worked for the Crédit Lyonnais Bank –Egypt & for American Express Bank Limited –Egypt for more than 10 years as Head of Corporate Banking at the Head Office. She is currently a Board member of saib bank, Since April 2019 & member of Risk committee. Before joining saib, she was a Board member at Housing & Development Bank and member of Audit, Risk Corporate Governance committees since October 2013 till April 2019. She also served as the Vice Chairman of the Egyptian Liquidity Facility Egyptian Mortgage Refinance Company “EMRC”, a company owned by the Central Bank of Egypt, Mortgage Finance Fund and 28 banks & mortgage Companies. She was also member of audit & risk, HR and Executive committees of “EMRC”. She has also been a board member of several companies including Taamir Company for securitization & October for Development & Real Estate Investment Company. Mrs. Abdel Hamid is also a certified mortgage trainer by the US Mortgage Bankers Association “MBA”, member of the Egyptian Mortgage Bankers Federation and Head of the advisory board to the Egyptian Financial Regulatory Authority “FRA” on mortgage lending.

Mr. Omar Abdelhamid Ibrahim Gouda
Mr. Omar Abdelhamid Ibrahim Gouda

Non-executive Board Member

Mr. Omar Abdelhamid Gouda is the Managing Director of Misr Insurance Company. He has a large experience in leading the direct insurance and reinsurance. The International Federation of Islamic Takaful and Insurance Companies (ITFI) announced the election of Mr. Gouda as the Chairman of the federation in 2018 for his rich experience in the field.

Mr. Gouda is a Holder of Bachelor Degree in the field of Insurance - Cairo University, and also a holder of the Insurance Consultant license from Financial Regulatory Authority- September 1996.
Since 1982, He has been appointed in different and various companies as he started with EISA, NICE, AL AHLIA, ESIH and lastly with Africa Re.
Furthermore, Mr. Gouda is specialized in insurance, reinsurance, Takaful Insurance, Maritime Takaful reinsurance, and held various positions. for example:

  • Regional Manager-MENA (Middle East & North Africa)-ITFI from October 2003 till May 2020.
  • Managing Director of Africa Retakaful Company from September 2010 till May 2020.
  • General Manager of Egyptian Saudi Insurance House Company from March 2003 till October 2003.
  • General Manager of Al Ahlia for Cooperative Insurance in Saudia Arabia from January 2000 till February 2003.
  • General Manager of Technical Affairs at Egyptian National Insurance Company from June 1991 till January/2000.
  • Technical Supervisor of non-life insurance at the Financial Regulatory Authority from July 1983 till June 1991.

 

Dr. Mohamed Ahmed Mohamed Youssef
Dr. Mohamed Ahmed Mohamed Youssef

Non-executive Board Member

Dr.  Mohamed Youssef is a Board member in the Board of “The Arab Contractors – Osman Ahmed Osman & Co.”. He holds a B.Sc. in Civil Engineering from Cairo University, and a Master of Science & Phd. in Construction Project Management from Loughborough University, UK.
On the national level, Dr. Youssef was the former Minister of Technical and Vocational Education and Training and the Deputy Minister of Education.
Prior to undertaking his role as a Board member of Arab Cont., Dr. Eng. Mohammed Youssef was Assistant to the CEO for Technical Affairs; and the Director of business development, marketing,  business analysis and corporate restructuring. He was the director of the Institute for Construction Engineering and Management. He worked also as a project manager, technical manager in the different specialized departments. He taught project management in many universities in Egypt.
Dr. Mohammed Youssef is a Board Member in a number of companies and universities. These companies cover many industries including insurance and building materials.

Mr. Hatem A. Sadek
Mr. Hatem A. Sadek

Non-executive Board Member

Mr. Hatem Sadek graduated with a BSc in Economics & Political Science from Cairo University. He started working in 1964 as an assistant to the Chief Executive Officer in the Information Bureau of the President of Egypt. Between 1968 and 1974, Mr. Sadek became Manager of the Research Center for Strategic Studies and editor at Al Ahram newspaper. He then joined the Bureau of the Secretary General of the League of Arab States for one year. Mr. Sadek’s banking career started in 1976 when he established Arab Bank PLC regional office and branches in Egypt and held the position of Senior Executive VP & Chief Country Manager; in addition to Chairman of the Strategic Planning Committee for the Arab Bank worldwide between 2000 - 2001.

Mr. Hatem Sadek then moved to Misr International Bank (MIBank) in 2001 where he held the position of Deputy Executive Chairman of MIBank as well as Deputy Chairman, Supervisory Board of MIBank Europe Gmbh, Frankfurt, Germany. From 2003 till 2005, he was MIBank’s Executive Chairman where he launched and supervised MIBank’s 5-year total restructuring program, until the Bank was acquired by Nationale Société Generale in September 2005.

Mr. Sadek then became Consultant to Banque Misr’s Board of Directors for Change and Restructuring Programs before joining Bank Audi sae in 2006 as Chairman & Managing Director.

Mr. Sadek joined Bank Audi sae in 2006 as Chairman & Managing Director until March 2017 then as Non-Executive Chairman from March 2017 until November 2021. He was also a Board Member of Odeabank A.Ş Turkey, a subsidiary of Bank Audi sal between June 2012 and March 2017.