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Al Ahli Bank of Kuwait ( ABK) appoints Mr. Khaled El Salawy as Chief Executive Officer for ABK Egypt

May 13th 2016

Al Ahli Bank of Kuwait ( ABK), announced today that Mr. Khaled El Salawy has officially been appointed as Chief Executive Officer for ABK – Egypt.

He joins ABK from Union National Bank, where he was the Deputy Chief Executive Officer, leading the Corporate Banking Division, Treasury & Investment, SME’s and Financial Institution activities. Prior to Union National Bank, he spent 8 years with AlexBank-Intesa SanPaolo Group as General Manager – Head of Corporate Banking.

"Mr. El Salawy’s broad range of experience, his relationships in the country and his ability to understand business dynamics in Egypt confirmed him to be the best person for the position," said Mr. Ali E. Marafi, Chairman of ABK Egypt.

"He has an extensive knowledge base and perspective on the banking industry in the region and brings the right combination of knowledge and experience to achieve our goals in Egypt.

“On behalf of Mr. Talal Behbehani, Chairman of ABK Kuwait, Board Members and Management, we welcome Mr. El Salawy to the team”.

Mr. Khaled El Salawy succeeds Mr. Constantinos Loizides, who has stepped down as Chief Executive to return to Piraeus Bank in Greece.

ABK acquired Piraeus Bank in 2015, and is currently in the process of rebranding Piraeus Bank to Al Ahli Bank – Egypt pending final approval.