Yasmine Khamis named Chairman of Oriental Weavers Carpet

The board of directors of Oriental Weavers Carpet has agreed on the appointment of Yasmine Mohamed Farid Khamis as a Non-Executive Chairman, replacing Salah Abdel Aziz Abdel Motaleb.

In addition, the board also approved the appointment of Salah Abdel Aziz Abdel Motaleb as a Managing Director and CEO, replacing Meshat Hussein Abdel Halim who will remain as a board member, the company said in a bourse disclosure on Sunday.

During the first half (H1) of 2020, Oriental Weavers Carpet achieved net profits of 266.358 million pounds, down from 461.829 pounds million in the prior-year period.