CIS’ Yehia Abdel Ghaffar Resigns For Second Time

Yehia Abdel Ghaffar, managing director of the Cooperative Insurance Society – Egypt, submitted his resignation for the second time, sources said.

Abdel Ghaffar had earlier submitted his resignation from two weeks, but he then retracted. Meanwhile, Saleh Abdel Ghany, the general manager for financial and administrative affairs, quitted.

It is worth mentioning that Ali Shaker, former managing director, had earlier left the Society which faces problems in repaying the loan it received from the Insurance Holding Company and the Social Fund for Development (SFD).