Lobna Helal became the first woman to serve as the chair of Telecom Egypt’s board, succeeding Dr. Magued Osman, who resigned after nine years in office.

Helal, who was previously the deputy governor of the Central Bank of Egypt (CBE) for monetary stability policy, offers more than 30 years of banking experience.

She currently serves on the boards of several financial and development organizations, including as Egypt’s Sovereign Wealth Fund and the National Bank of Egypt, in addition to her new post at Telecom Egypt.

Helal said: “I would like to extend my sincere gratitude to Telecom Egypt’s board of directors for entrusting me with this role. It is a profound honour to serve as the first woman to chair the board, and I embrace this responsibility with a deep commitment to upholding the highest standards of corporate governance, strategic oversight, and sustainable growth.

“I would also like to extend my heartfelt appreciation to Dr. Magued Osman for his outstanding leadership, dedication, and invaluable contributions over the past nine years. His legacy has provided a strong foundation for Telecom Egypt, upon which we will continue to build to ensure a prosperous and innovative future for the company.”

Additionally, Mohamed Nasr was reappointed as managing director and CEO for a second term, with both leadership changes effective immediately.