AAIB enjoys a unique shareholding structure dominated by two founding shareholders (the Central Bank of Egypt and the Kuwaiti Investment Authority) with equal ownership stakes of 49.37% each. According to AAIB’s bylaws, each founding shareholders nominates four board members.
Currently, our board of directors consists of one executive, and seven non-executive directors, who bring to the board the benefit of their vast knowledge and expertise in related fields.
The Board of Directors is responsible for setting the Bank’s strategic direction and for monitoring the soundness and effectiveness of its business practices and management. The Board is also responsible for ensuring that business activities are aligned with the interests of shareholders it represents and is accountable to. In discharging its responsibilities, the Board meets a minimum of eight times during the year.