Egypt Post Chairperson Sherif Farouk has issued a decision to reconstitute the Board of Directors at the Post for Investments (PFI) company, the investment arm of Egypt Post. The Board of Directors will now be headed by Essam El-Din Mohamed Al-Wakeel, a banking expert and former Managing Director of the Arab International Bank (AIB). PFI's board includes representatives of Egypt Post, namely: Mohamed Ahmed Kafafi, Chairperson and Managing Director of I-Score; and Ahmed Fouad El-Khouly, Assistant Chairperson of the Board of Directors at Egypt Post for Investment and Treasury. The Board of Directors also includes experts in various sectors, namely: Amr Ismail, Chairperson of the Land and Dry Ports Authority; Hossam El Gamal, CEO of the National Telecom Regulatory Authority (NTRA); Ghada Labib, Deputy Minister of Communications for Institutional Development; Mohammed Nasr El-din, Assistant Minister of Communications for International Information Infrastructure; Sally Rifaat, Deputy Governor at the Central Bank of Egypt (CBE) for the Markets Sector; and PFI Managing Director Emad Saadallah. PFI is a subsidiary of Egypt Post, established as an investment arm in 2006. It owns many strategic companies, including its 20% share in Telecom Egypt (TE), as well as many companies that support Egypt Post's fields of work. This covers companies involved in information technology and security, transfer of funds, project and facility management, and marketing.
