ADIB Egypt appoints new acting CEO

Abu Dhabi: Abu Dhabi Islamic Bank Egypt announced on Sunday its board of directors has agreed to appoint Fareed Farouk Al Bilbisi as acting chairman, and Zuhair Hamada Idris as acting chief executive officer of the bank.

The statement, which was posted on Egypt’s stock exchange, comes after the death of ADIB Egypt’s chief executive officer, Nevine Lotfy, who was found murdered in her home on Tuesday.

Lotfy, whose murder is currently being investigated, became managing director and CEO of ADIB Egypt in 2008.