The General Assembly of the United Bank, which was held at the headquarters of the Central Bank of Egypt (CBE) a few days ago, decided to give the current board of directors an additional three month tenure that expires 31 March.
The mandate of the current board had expired on Thursday 31 December, 2015.
The current Board of Directors includes Amr Maher as Vice Chairman and Managing Director, as well as Ehab Kassem, Tarek Muharam, Hamed Abou El Maged, and Tarek Fayed.
In September 2015, CBE appointed the bank’s managing director Farag Abd El-Hamed as acting Chairman until the end of December 2015. Former chairman of the bank Mohamed Ashmawy left in September when he was appointed as Executive Director of the Tahya Misr Fund.