Faisal Islamic Bank of Egypt Appoints New Board for 2026-2029 Term; Integrates Tech and Leadership Experts
The General Assembly of Faisal Islamic Bank of Egypt (FIBE) has officially approved the board of directors for the 2026–2029 term. The new formation underscores a strategic commitment to enhancing institutional governance and operational efficiency. In a filing to the Egyptian Exchange (EGX), the bank revealed a diverse board comprising major investment entities, including Prince Amr Mohammed Al-Faisal Al Saud, Dar Al-Maal Al-Islami (DMI) Trust, and the Egyptian Endowment Authority, alongside a representative from the Central Bank of Egypt.
A key highlight of the new board is the appointment of Dr. Amr Talaat and Lt. Gen. Ahmed Saad Al-Shazly as independent non-executive members. Their inclusion is designed to bolster the board's independence while providing high-level expertise in digital transformation and strategic management. This move aligns with FIBE’s long-term growth strategy to modernize its decision-making framework and strengthen its competitive position in the Islamic banking sector.