About Us

Who We Are Board Of Directors Board Composition Leadership Team Shareholder Structure

About EGBANK

To lead with agility and flexibility, co-creating the future of finance and empowering the ‘Now Generation’ of clients through seamless, instant banking, fueled by a dynamic ecosystem of strategic partnerships

We Grow together - our customers, our people, and our partners. Simple banking that works

Our Values

Growth Mindset

Fostering a culture where employees embrace learning, adapt to change, and continuously seek better ways to serve customers and achieve excellence. It’s about being open to feedback, improving processes, and viewing every opportunity as an opportunity to innovate

Responsiveness

Acting with speed, agility, and foresight while delivering timely and accurate solutions to customers, partners, and colleagues in a rapidly changing world.

Ownership

Taking responsibility for results, acting with initiative, and treating EGBank’s success as our own, celebrating wins, learning from failures, and always delivering with integrity.

Winning for customers

Putting our customers at the heart of every decision, action, and innovation. It reflects our commitment to understand their evolving needs, deliver seamless experiences, and create value that empowers their growth and success. When our customers win. EGBank wins

Our History

Establishment & Foundation

The Egyptian Gulf Bank was established in 1981 under Investment Law No. 43/1974 with its amendments as part of Egypt’s effort to diversify the banking sector and support economic development. The bank was founded by a group of prominent private investors who saw a need for a strong Egyptian financial institution to serve development projects in Egypt and the Arab region. The key founders included Salah Mahmoud, Jawad Bukhamseen, Fahd El Shobokshy, Abdel Rahman El Sharbatly, and Misr Insurance

Growth Strategy & Expansion

Throughout the 1990s and early 2000s, EGBANK maintained steady growth and by the mid-2010s, EGBANK began implementing a revitalization strategy that emphasized modernizing its identity, expanding its branch network, and positioning itself among Egypt’s dynamic private banks. The bank shifted toward becoming more youth-oriented and agile, adopting digital solutions and seeking new market niches.

Main Founders

Salah Mahmoud, Jawad Bukhamseen, Fahd El Shobokshy, Abdel Rahman El Sharbatly, Misr Insurance

Growth Strategy & Expansion

From its inception, EGBANK pursued an organic growth strategy, focusing on building a stable and healthy financial portfolio and expanding services across multiple sectors.

Providing strategic leadership, governance, and long-term vision

Visionary Leadership & Governance

At EGBANK, our Board of Directors provides visionary leadership and strategic oversight to drive sustainable growth and long-term value creation. With a strong commitment to governance excellence, the Board ensures that the Bank operates with robust controls, clear direction, and a customer-centric focus—delivering value to shareholders, employees, and the communities we serve.

Strategic Direction & Oversight

Entrusted with shaping the Bank’s strategic direction, the Board sets key policies, oversees execution, and safeguards long-term performance through prudent risk management and forward-looking strategies that support sustainable growth and innovation.

Board Composition & Expertise

The Board comprises ten distinguished members, including one executive and nine non-executive directors, whose diverse expertise and industry experience strengthen decision-making and enhance the Bank’s competitiveness in a dynamic market environment.

Board of Directors

Mr. Raed Jawad Bukhamseen has over 20 years of experience in the banking, real estate, and investment sectors.
Mr. Bukhamseen is the Vice Chairman & Chief Executive Officer at Kuwait International Bank and Chairman of Arab investment Company.
Mr. Bukhamseen is a Board Member at several pioneering companies including Bukhamseen Group Holding Company, Warba Insurance Company, Layan Real Estate Company (Dubai), Souk Al-Salmiyah Real Estate Company and Credit One Kuwait Holding Company.
Mr. Raed is a member of the Board Risk Committee at Boursa Kuwait.
Mr. Raed holds a Bachelor's Degree in Business Administration from Boston University in the USA.

Mr. Nidal Al-Qasim Assar assumed the role of CEO of the Egyptian Gulf bank in March 2015. Prior to joining, Mr. Assar 20+ years career in banking and finance saw him take on numerous leadership roles in key private and public sector financial institutions, as well as sitting on the boards of some of Egypt’s and the region’s most renowned organizations.
Mr. Assar kicked off his career at Arab Bank in 1995 rising through the ranks to hold the position of capital markets and business development manager for Treasury in 2001. In 2004, Mr. Assar joined the Central Bank of Egypt as head of The Reserve Management unit and continued until his appointment as deputy Governor for monetary stability in 2013.
Mr. Assar graduated with a BA in Economics from the American University in Cairo in 1995 and earned his Master’s Degree in Finance from both Harvard University and Syracuse University in 2001. In 2012, he graduated from the Advanced Management Program for Global Executives at the prestigious Wharton Business School, University of Pennsylvania.

Board Composition

Mr. Raed Jawad Bukhamseen

Chairman

Mr. Nidal Al-Qasim Mohamed Assar

Vice Chairman and CEO

Mr. Mohamed Abdel Aal Mohamed Khallaf

Egyptian Company for Liner and fluting paper production

Mr. Jassim Hassan Zainal

Al-Arabiya Real Estate

Mr. Wael Fouad Eissa Jamjoom

Mr. Ahmed Farouk Aly Weshahy

Mr. Sherif Mohamed Farouq

Independent

Dr. Assem Abdel Hamid Al-Jazzar

Independent

Mrs. Hend Mohamed Abul Fotouh

Independent

Mr. Amr Mohamed Tawfik Mostafa Bakir

MLM Foundation

Empowering people to lead, innovate, and grow

People Behind Success

Our people are at the core of everything we achieve. Every milestone we reach is driven by their commitment, expertise, and passion. The strength of our diverse and talented team turns ambition into achievement and makes our goals possible.

Growing Stronger Together

EGBANK’s workforce has grown by xxx %, now bringing together more than 2400 professionals united by a shared vision and a common spirit. This collective energy fosters a collaborative, supportive, and inspiring workplace culture—one where people are encouraged to GROW.

Empowering Future Leaders

We believe that learning is a powerful enabler of progress. That’s why we continuously invest in our people, strengthening their knowledge, skills, and core competencies to unlock potential and shape the leaders of tomorrow.