Commercial International Bank -Egypt S.A.E in its meeting held on October 22, 2020, announced that Mr. Hisham En Al- Arab decided to step down from his responsibilities as Chairman and Managing Director effective immediately. The Board has unanimously decided to appoint Mr. Sherif Samir Samy, the current Chairman of the Governance and Nomination Committee, to assume the responsibilities of Non-Executive Chairman of the Board subject to CBE approval.