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Crédit Agricole Egypt Appoints Five New Members to its Board of Directors

CAE expresses confidence in the Egyptian economy

MMID maintain 17% of Crédit Agricole Egypt shares

Cairo, Egypt: 4th of April, 2012 – During the recent Crédit Agricole Egypt General Assembly meeting, the Bank’s Managing Director and newly-elected Chairman Mr. François-Edouard Drion expressed confidence in the national economy of Egypt and reiterated the Bank’s commitment to implement its business plan to meet its performance objectives in Egypt.

“During CAE’s previous board meeting, the Bank’s Board of Directors nominated five new members as part of the Bank’s regular board rotation procedures,” said Mr. François-Edouard Drion, Chairman and Managing Director, Crédit Agricole Egypt.
The new members are Mr. Hashem Abu Zeid, Mr. Karim Fanous, Mr. Hassan Hegazy, Mr. Laurent Paillassot and Mr. Bertrand Leveque representing Mansour Group & Crédit Agricole S.A. in replacement of Mr. Mohamed Mansour, Mr. Yasseen Mansour, Mr. Youssef Mansour, Mr. Jean Laurent and Mr. Alain Massiera.

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