Al Baraka Bank-Egypt S.A.E. announced that it has to appoint Hazem Hegazy as CEO. The board of directors of Al Baraka Bank-Egypt has authorised the bank's Chairman, Abdulaziz Yamani, to negotiate and contract with Hazem Hussein Hegazy to hold the position of the Deputy Chairman and CEO of the bank, under the approval of the Central Bank of Egypt (CBE). The board approved the resignation of Ashraf Ahmed Mustafa Moussa El-Ghamrawy from his position as the CEO, which will be effective as of 1 October, 2021.