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.

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Video produced by Eo Production.

The health and well-being of UBAF employees is a constant concern for our General Management. We try to progress every day in order to enhance our working environment and make UBAF a better place to work.

The career development of everyone, men and women alike, remains key to our shared success.

The pay equity index for women and men allows us to measure our commitment and progress. During its last audit in 2019, UBAF obtained a score of 83/100. We intend to progress in the coming years.

In relation to the facility for guarantees previously granted to SAIPEM, UBAF informs it has issued a Performance bond on behalf of its client, with regards to the Saint Brieuc Offshore Wind Farm Project awarded to SAIPEM on July 2020.

Jointly with Samsung Engineering and

Beyond regulatory prescriptions, ethics is more and more becoming an inescapable necessity in the management of business flows that bind UBAF to its customers and service providers.