CGC Egypt has announced the appointment of Khaled Gamal as the new Managing Director of the company. This move underscores the company’s ongoing efforts to strengthen its position in the market for financing SMEs and to develop robust and sustainable business models.

With over 36 years of experience in various financial institutions, Gamal has achieved significant accomplishments in corporate finance, SME financing, microfinance, and credit risk. His diverse administrative skills and expertise contribute to his success.

In his statement, Gamal said: “I am honored to assume the position of Managing Director of CGC Egypt and to join a team distinguished by its efficiency and achievements. We reaffirm our commitment to supporting, empowering, and enabling small, medium, and micro enterprise owners to access financial and non-financial services, helping them grow and sustain their businesses.”

Throughout his professional career, Gamal has made numerous significant contributions. He played a pivotal role in developing and growing the SME portfolio at the National Bank of Egypt while heading the risk sector. His successful diversification and expansion of the financing portfolio for these enterprises across the bank’s branches throughout all governorates led to outstanding performance indicators.

Khaled Gamal holds a B.A. in Accounting from Cairo University’s Faculty of Commerce. He also completed the Chase Manhattan Bank Credit Program and participated in various training courses both inside and outside Egypt. His academic background has supported his distinguished professional career. Additionally, he serves as a board member of the Co-operative Insurance Society Egypt and contributes to the SMEs Committee in the Egyptian Banking Federation.

CGC Egypt is the only company entrusted with issuing guarantees in Egypt, through facilitated governmental and international support since its inception in 1989. CGC Egypt is supervised by the Central Bank of Egypt.