Cairo: Contact Financial Holding Company (CNFN.CA) , a leader in non-banking financial services, announced today the appointment of Dr. Manal Hussein Abdel Razek as Chairperson of its Board of Directors, effective April 28, 2026, succeeding Mr. Hazem Moussa.

Dr. Manal has over three decades of leadership experience in the financial services, public, and private sectors in Egypt. She currently serves as Chairperson of New City Real Estate Development Company (formerly Orascom Housing Cooperative), in addition to her role as Senior Advisor to TCI Sanmar Chemicals Group, one of the region's leading industrial groups .

Her impressive professional record includes several influential leadership positions, including founding and chairing e-Finance , the leading electronic payments platform in Egypt, and serving as Chairperson of the Board of Directors of Tamweel Real Estate Finance Company. She also served on the boards of both Misr Iran Development Bank (MIDBANK) and Arab Investment Bank (AIBANK) , now known as BANK NXT , providing her with extensive experience in governance and the financial sector .

She also previously chaired Orascom Development Egypt, where she led efforts to transform El Gouna into a carbon-neutral city, which culminated in it receiving the World Green City Award under the auspices of the United Nations Environment Programme (UNEP) , making it a regional model to be emulated in sustainable development .

Prior to moving to the private sector, Dr. Manal held leadership positions in the Egyptian government for more than 20 years, including Deputy Minister of Finance and Deputy Minister of Foreign Trade, where she contributed to the formulation and implementation of a number of important economic and political reforms .

Commenting on Dr. Manal Hussein’s appointment as Chairperson, John Saad, CEO of Contact Financial Holding Group, said: “Dr. Manal’s joining comes at a pivotal stage in Contact’s journey, as we continue to accelerate our transformation into a fully integrated financial platform that is primarily digital in its approach. Her deep experience in governance, financial services, and leading large institutions is a key element in supporting the next phase of growth, along with the clear strategic vision and long-term value she brings to the Board .”

Dr. Manal Hussein, Chairperson of Contact Financial Holding, stated: “I am delighted to join Contact Holding at this important stage of its development. The group has succeeded in building a strong foundation and is now in a prime position to enhance access to financial services and support financial inclusion in Egypt. I look forward to working with the Board of Directors and the executive management team to support the ongoing growth and transformation in the coming phase .”

Hazem Barakat, co-founder and chairman of B Investments Holding, said: “We are delighted to have Dr. Manal join the board of directors of Contact. She has a distinguished professional record and extensive experience in leadership positions in the financial sector, in addition to her expertise in governance, investment strategies and business transformation. This appointment reflects the board’s confidence in her ability to lead the company during the next phase of growth and innovation .”

Ashraf Zaki, founder and managing partner of Lorax Capital Partners, commented : “Contact is one of the leading non-banking financial platforms in Egypt, and the efforts made during the past year have significantly strengthened its position. Dr. Manal possesses the institutional experience, depth in governance, and credibility required for this stage, and we are confident that the board under her leadership will continue to deliver sustainable and long-term value to shareholders .”

This decision comes as Contact continues to implement its transformation strategy, which focuses on digital transformation, enhancing operational efficiency, and expanding access to financial services. The group is also developing its platform by improving its business portfolio, strengthening its underwriting frameworks to support asset quality, and investing in AI-powered digital infrastructure .

Contact’s strategy is based on four main pillars: maximizing digital value, maximizing returns, improving business efficiency, and enhancing institutional resilience, which supports its transformation into a sophisticated, next-generation financial platform capable of achieving sustainable growth and long-term value .

About Contact Financial Company

Contact Financial Holding S.A.E. (EGX: CNFN.CA ) is the largest provider of non-banking financial services in Egypt, leading the transformation in the delivery of finance and insurance services to individuals and businesses. Since its establishment in 2001, Contact has adopted an innovative approach to ensure the highest quality of its finance and insurance services, with streamlined procedures and broad market reach through its subsidiaries and strategic partners. Through Contact Finance, it offers a diverse range of financing programs for new and used cars and vehicles, durable goods through Contact Credit and Contact Credit, real estate financing through Contact Real Estate Finance, and trade finance through its sister companies Contact Leasing and Contact Factoring. Contact also provides insurance services through Contact Insurance and Contact Life Insurance. Furthermore, the company offers a comprehensive suite of corporate finance services, including securitization, structured debt management, and debt investment management. Contact Financial Holding Company LLC is licensed and regulated by the Financial Regulatory Authority.

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