The Egyptian Export Development Bank (EBank) has nominated Mai Abdel Hamid to serve as a non-executive board member, representing Banque Misr, for the bank’s current board cycle 2025–2028, according to a disclosure filed with the Egyptian Exchange this week.
The nomination places Abdel Hamid among a group of senior banking professionals expected to contribute to the strategic oversight of one of Egypt’s key financial institutions during a period of capital expansion and institutional strengthening.
Board Appointments for the 2025–2028 Term
In the same filing, EBank announced the appointment of Mohamed Ahmed Mohamed Shawky Mahmoud as Deputy Chief Executive Officer for the 2025–2028 term, reflecting ongoing adjustments to the bank’s executive and governance structure.
Capital Increase Submitted for Regulatory Review
The Egyptian Exchange confirmed that EBank has submitted documentation to register an increase in its issued and paid-in capital from EGP 9.896 billion to EGP 13.6 billion, representing an increase of EGP 3.703 billion.
Structure and Funding of the Capital Expansion
The proposed increase will be carried out through the issuance of 370.3 million bonus shares, each with a nominal value of EGP 10, to be distributed to shareholders in proportion to their existing holdings. The increase will be financed through retained earnings and accumulated profits, based on the bank’s audited financial statements for the year ended December 31, 2024.
Strengthening Governance and Strategic Oversight
Mai Abdel Hamid Ahmed El-Sayed is a seasoned banking professional with experience in institutional banking and board governance. Serving in non-executive roles, she brings expertise in financial oversight, regulatory compliance, and strategic supervision within the banking sector. Her nomination aligns with broader efforts across Egypt’s financial institutions to enhance governance frameworks amid evolving regulatory and economic conditions.
Abdel Hamid’s nomination as a non-executive member representing Banque Misr underscores EBank’s focus on reinforcing board-level governance, institutional oversight, and long-term strategic direction as the bank expands its capital base.
