President Abdel Fattah Al-Sisi has issued a decree reconstituting the Central Bank of Egypt's board and renewing Hassan Abdallah's chairmanship for another year. The new lineup includes deputy governors and experts in economics and finance. The move aims to bolster the bank's governance and financial stability.
In a move to strengthen banking sector governance, President Abdel Fattah Al-Sisi issued Presidential Decree No. 733 of 2025, reconstituting the Central Bank of Egypt's (CBE) Board of Directors. The decree renews Hassan Abdallah's appointment as chairman for an additional year.
The new board features Rami Abou El-Naga and Tarek El-Khouly as deputy governors. Mohamed Farid, acting chairperson of the Financial Regulatory Authority, joins as an ex-officio member. It also includes specialized experts: Ali Faramawy in technology, Sherif Kamel in finance, Khaled Sherif in banking, Essam Amer in accounting and finance, Khaled Ali and Ahmed Radwan as economic experts, and Amina Hassan as an economic expert.
The reconstitution involves changes, with departures of banker Mohamed El-Deeb, economic expert Naglaa El-Ahwany, and economic expert Samiha Fawzy. Three new members join: Khaled Ahmed Fouad, Ahmed Gad, and Amina Helmy.
The updated board aims to reinforce the CBE's governance framework, maintain monetary and financial stability, build banking sector resilience, and advance economic reform goals in the period ahead. This step aligns with government efforts to enhance confidence in Egypt's financial system.
