End of an Era: Hazem Moussa Steps Down as Chairman of Contact Financial Holding After 25 Years of Leadership
Contact Financial Holding announced today that its co-founder and Chairman, Hazem Moussa, will step down from his role to pursue new ventures. Moussa’s departure marks the conclusion of a quarter-century tenure during which he served as Managing Director (2001-2016), CEO (2016-2020), and Chairman since 2018. As the primary architect of Egypt's first dedicated consumer finance company, Moussa was instrumental in transforming Contact into a diversified financial powerhouse with over 30 subsidiaries and a dominant market presence.
Under his stewardship, Contact pioneered the securitization framework in Egypt, working closely with the government to establish the nation’s first legislative foundations for the industry. Reflecting on his journey, Moussa stated: “I leave Contact as a mature institution ready for its next phase of growth. Despite numerous market crises, we built a brand centered on innovation and solid financial foundations.” Hazem Barakat, Chairman of B Investments and a principal shareholder, lauded Moussa as a "key pillar" who helped shape an entire industry, touching millions of lives in the process.