Press Release: New BOD Member

RNS Number : 9200U

Commercial Intnl Bank (Egypt) SAE

22 October 2014

 

PRESS RELEASE

Cairo, October 21^th, 2014:

We are pleased to announce that Mr. Bijan Khosrowshahi has joined CIB's Board as a non-executive Board member representing the investments of the wholly owned subsidiaries of Fairfax Financial Holdings Ltd ("Fairfax") which acquired Actis stake in CIB.

Mr. Khosrowshahi, President & CEO of Fairfax International, brings an array of distinguished experience in the field of financial services, in addition to his comprehensive knowledge of the tasks and responsibilities entrusted to a non-executive Board member, where he was assigned this role in several companies, mainly in the Middle East.

His extensive expertise will, with no doubt, contribute to CIB's ambitious growth plans.

Brief on Fairfax:

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management and is listed on Toronto stock exchange.

END OF RELEASE

http://www.rns-pdf.londonstockexchange.com/rns/9200U_-2014-10-21.pdf

 

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