Egyptian Arab Land Bank’s new board convenes
State-owned Egyptian Arab Land Bank’s (EALB) new board of directors has started to develop the bank’s strategy for the next three years at its first meeting on Thursday.
The board discussed the current situation of the bank and the most important files to be worked on in the coming period, according to Amr Kamal, EALB’s new chairman.
It also explored the formation and distribution of bank committees, where each member of the board will exceed a specific committee in application of governance.
The board of directors of the bank pledged to restore its banking and historical position and place in the ranks of major banks internally and externally, said Kamal.
The new board includes Kamal as the chairman, and Medhat Kamar and Ahmed Amr as deputies.
The board also includes six non-executive members, Hala Basyouni, Mahmoud Abdel Bari, Mohamed Badra, Mohamed Maher, Hassan Mustafa, and Eslam Khedr, in addition to Magy Metwally, the secretary of the council, and Heba Tarady.
Kamal has 35 years of experience in banking and investment, where he worked in several local and international banks, including Chase Bank Egypt, Bank of America in Egypt and London, Banque Saudi Fransi in Jeddah, National Bank of Bahrain in Manama, Egyptian American Bank, and Arab African International Bank.
