Leadership Transition: Dr. Manal Hussein Abdel Razek Appointed Chairperson of Contact Financial Holding

In a strategic move that signals a new chapter for Egypt’s non-banking financial sector, Contact Financial Holding (CNFN.CA) has announced the appointment of Dr. Manal Hussein Abdel Razek as Chairperson of its Board of Directors. Effective April 28, 2026, Dr. Manal succeeds Mr. Hazem Moussa, bringing a formidable legacy of institutional leadership and governance to the Group.

For members of The CEO Network, this appointment represents the perfect fusion of public-sector policy depth and private-sector strategic agility.

A Visionary Track Record

Dr. Manal’s career spans over three decades, marked by high-impact roles that have shaped Egypt’s economic landscape:

• Financial & Industrial Leadership: She currently serves as Executive Chairperson of New City Housing & Development and Senior Advisor to TCI Sanmar.
• A Pioneer in Fintech: She was the founding Chairperson of e-Finance, Egypt’s premier electronic payments platform.
• Banking & Governance Expertise: Her background includes board positions at MIDBANK and AIBANK, as well as chairing Tamweel Mortgage Finance.
• Sustainability Champion: As former Chairperson of Orascom Development Egypt, she led El Gouna’s transformation into a carbon-neutral city, earning the UNEP-sponsored Global Green City Award.
• Public Service: Before her private-sector success, she served as Egypt’s Deputy Minister of Finance and Deputy Minister of Foreign Trade, contributing to vital economic reforms.

Driving the Digital-First Evolution

The appointment comes at what Group CEO John Saad calls a “defining moment”. Contact is currently accelerating its transformation into a fully integrated, digital-first financial platform.

“Dr. Manal’s depth of experience across governance, financial services, and large-scale institutional leadership will be instrumental in guiding the next phase of our growth.” — John Saad, Group CEO

Dr. Manal emphasized her commitment to expanding financial inclusion in Egypt, noting that the Group is well-positioned to drive access to finance through its strong foundation.

Strategic Pillars for the Next Generation

Contact’s evolution is anchored around four strategic pillars designed to deliver sustainable growth:

1. Digital Value Creation: Investing in AI-enabled infrastructure and digital transformation.
2. Value Maximization: Portfolio optimization to enhance long-term shareholder value.
3. Business Optimization: Strengthening underwriting frameworks to enhance asset quality and operational efficiency.
4. Organizational Agility: Evolving into a next-generation platform that can adapt to rapid market shifts.

As Contact continues to lead as Egypt’s largest non-bank financial services provider, the board’s confidence in Dr. Manal’s “institutional credibility” and “strategic vision” underscores a commitment to innovation and governance depth.