The Board of Directors met on May 28 and has nominated Mr. Tarek Amer (Governor of the CBE since 2015 and former Permanent Representative of the CBE at the Board of UBAF in 2016) as the new President of UBAF.
Mr. El Okdah, former Governor of the Central Bank of Egypt (CBE), served as Chairman of UBAF for 14 years and resigned at his own request.