The Egyptian Exchange (EGX) marked the 30th anniversary of Commercial International Bank – Egypt’s (CIB) launch of its Global Depositary Receipts (GDRs) programme in international markets with a special opening bell ceremony, celebrating a milestone that helped connect Egypt’s capital market with global investors and expand the bank’s international presence.
The event commemorated one of the most significant milestones in the history of both CIB and the Egyptian capital market, recognising the bank’s pioneering role in strengthening links between the domestic and international financial markets while reinforcing its position among global investors.
The ceremony was attended by Omar Reda, Chairperson of the Egyptian Exchange; Mohamed Sabry, Vice-Chairperson of the Exchange; Hisham Ezz Al Arab, Chief Executive Officer of Commercial International Bank – Egypt; Amr El Ganainy, Deputy Chief Executive Officer and Executive Board Member; Islam Zakaria, Group Chief Financial Officer, Head of Operations and Executive Board Member; and Yasmine Hamida, Head of Investor Relations at CIB.
Also in attendance were Tony Touma, Head of Business Development for the Middle East and Africa at The Bank of New York; Mahmoud Salem, Managing Director, Issuer Services at BNY Mellon; Ghada Abdel Hady Kandil, Head of The Bank of New York Representative Office in Egypt; and Mohamed Akl, Sales Director for Africa and the Middle East at London Stock Exchange Group, alongside representatives of financial institutions, capital market experts and key partners from the Egyptian and international markets.
CIB was the first Egyptian bank to launch a Global Depositary Receipts (GDRs) programme in international markets, marking a pivotal step in expanding its presence in global capital markets, broadening its shareholder base, and strengthening its position as one of the region’s leading financial institutions.
The programme also reflects the bank’s long-standing commitment to adopting international best practices in corporate governance, transparency and investor relations, while enhancing long-term shareholder value and increasing the visibility of Egyptian-listed companies among international investors.
