Telecom Egypt has announced a historic leadership change, appointing Lobna Helal as Chair of the Board, marking the first time a woman has held this position in the company’s history.
Helal succeeds Dr. Magued Osman, who stepped down after nine years of service as a Chair since 2016. Her appointment marks a significant milestone for gender diversity in corporate leadership within Egypt’s telecom industry.
Having been an independent member of Telecom Egypt’s Board since March 2019, Helal brings over three decades of experience in banking and finance to her new role. She previously served as the Deputy Governor of the Central Bank of Egypt (CBE) for Monetary Stability Policies, with substantial contributions including monetary policy design, reserve management, and banking sector restructuring. She also holds Board positions in Egypt’s Sovereign Wealth Fund and the National Bank of Egypt (London).
Helal highlighted, “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 honor 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.
“With a career dedicated to financial stability, banking reform, and economic development, I look forward to leveraging my experience to further strengthen Telecom Egypt’s position as a leading telecom provider. By drawing on my expertise in regulatory frameworks, risk management, and financial restructuring, I will work closely with my esteemed fellow Board members to drive innovation, optimize operational efficiency, and create long-term value for our stakeholders.”
Also Read: Telecom Egypt’s FY 2024 Results Herald Sustainable Growth
Mohamed Nasr’s Reappointment
Alongside Helal’s appointment, Mohamed Nasr has been reappointed as Managing Director and CEO for a second term. Nasr’s leadership continuity is poised to accelerate Telecom Egypt’s strategic initiatives, including advancing digital transformation and positioning the company as a regional data hub.
Emphasizing the Board’s continued trust in his reappointment, Nasr noted, “Over the past few years, Telecom Egypt has made significant strides, and I remain committed to furthering our progress by delivering sustainable growth, driving innovation, and ensuring the highest standards of service for our customers.”
Nasr added, “I look forward to working closely with the Board under the visionary leadership of Lobna Helal as the new Chair. Together, we will strive to achieve new milestones, solidify Telecom Egypt’s position as a regional data hub, and lead the way in advancing digital transformation across Egypt and the region.”
Nasr’s proven expertise in the telecommunications sector is poised to complement Helal’s transformative vision, guiding the company towards growth and innovation.
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