Holding Associations: Significant changes in Egypt's insurance and asset management leadership
The Ordinary and Extraordinary General Assemblies of Misr Insurance and Egypt for Asset Management and Egypt for Life Insurance were held today under the chairmanship of Basil Al-Heni, Chairman of Insurance Holding, to discuss the next fiscal year budget.
The Assemblies agreed to reconstitute the Board of Directors of Misr Insurance Company, whereby Mo'men Mohammed Mukhtar Hassan, Chairman and Managing Director, succeeds Hussein Atallah.
Alaa Ahmed was appointed as Managing Director for Finance and Investment and Jamal Saqr as Managing Director of Insurance, as well as elected members.
The associations also agreed to renew confidence in Dr. Ahmed Abdel Aziz, Chairman and Managing Director of Misr Life Insurance Company, and appointing Mohamed Mustafa as a technical affairs officer, in addition to the elected members.
The societies agreed to appoint Eng. Nasser Mohamed Taha, Chairman and Managing Director of Misr Real Estate Asset Management Company, replacing Fathia Shteiwi, Salahuddin Mohamed Fathy, Hisham Akram Sayed, Mamdouh Mostafa Ibrahim and other elected members.
Holding through the changes, Holding seeks to inject new blood to upgrade its subsidiaries and achieve high growth rates.
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