New Board of Directors struct

RNS Number : 5768G

Commercial Intnl Bank (Egypt) SAE

03 February 2010

 



CIB's Board of Directors New Structure

In December 2009, Ripplewood sold their remaining stake in CIB and thus forfeited their two board seats. Accordingly, the Board of Directors in its new form consists of the following individuals:

Name of Board Member	Nationality	Executive or Non- Executive
Mr. Hisham Ezz Al-Arab	Egyptian	Chairman and managing director
Mr. Essam El Wakil	Egyptian	CEO of Institutional Banking and Board Member
Dr. William Mikhail	Egyptian	Non- Executive Member
Mr. Mahmoud Fahmy	Egyptian	Non- Executive Member
Dr. Nadia Makram Ebeid	Egyptian	Non- Executive Member
Mr. Robert Willumstad	American	Non- Executive Member
Mr. Walid Shash	Egyptian	Non- Executive Member
Dr. Medhat Hassanein	Egyptian	Non- Executive Member
Ambassador Frank G. Wisner	American	Non- Executive Member

Kindly note, the new Board of Directors structure will be ratified on March 17^th 2010 during CIB's General Assembly Meeting.

Sherif Khalil

Head of Investor Realtions

Commercial International Bank- Egypt (CIB)

 

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