The International Commercial Bank (ICB), Egypt’s largest private bank, has appointed Hisham Ezz El Arab as its new CEO. The announcement was made in a statement on Monday.
Change in Leadership
Ezz El Arab, who previously served as both the Chairman and CEO of the bank, will now take on the role of CEO once again. Neveen Sabour, a board member, will step in as the new non-executive Chairperson, succeeding Ezz El Arab.
Transition Details
Ezz El Arab replaces Hussein Abaza and will hold the CEO position for a term of three years. The leadership changes are part of the bank’s broader strategy to enhance its operations.
Focus on Digital Transformation
The bank’s statement highlighted that these leadership changes are aligned with its plan to implement a comprehensive digital transformation. This initiative is aimed at modernizing all aspects of the bank’s activities. Additionally, the bank is focused on preparing and supporting future leaders as part of its ongoing strategic plan.
