The general assembly of Housing and Development Bank (HDB) has renewed Hassan Ghanem’s mandate as chief executive officer and managing director for 2026-2029. The decision comes after notable improvements in the bank’s financial and operational performance.
The general assembly of Housing and Development Bank (HDB) has approved the renewal of Hassan Ghanem’s mandate as chief executive officer and managing director for the period 2026 to 2029. The bank attributed the decision to notable improvements in its financial and operational performance, driven by a strategic emphasis on profitability, business expansion, and operational efficiency. Shareholders also greenlit a new board of directors for the coming term, following clearance of the nominees by the Central Bank of Egypt. Basel El Hini will act as non-executive chairperson, with Ghanem continuing as CEO and managing director. The board features non-executive members Randa Al-Menshawy, Hani Sweilam, Alaa Farouk, and Sherif El-Sherbiny representing the New Urban Communities Authority. Additional members include Mostafa Al-Kamash for Misr Life Insurance; Mohamed Nabil Sarhan for Misr Insurance; Mohamed Al-Maazawy for Rolaco EGB Investment; Sherif Al-Akhdar for Rimco EGT Investment; Mahmoud Al-Nagdy for the Egyptian Endowments Authority; and Ahmed Abou Hendya for minority shareholders. Ghada Youssry joins as an independent non-executive member. HDB stated that the new board will assist executive management in implementing the 2025-2030 strategy, aimed at sustainable growth, innovation, and strengthening its role as a leading financial institution in Egypt’s banking sector.