Yara El-Janainy– GIG Insurance – Egypt has elected a new Board of Directors for a three-year term and formed 6 specialized committees comprising board members, alongside 4 other committees from senior executive management. This comes as part of enhancing governance and complying with the governance rules for insurance and reinsurance companies issued by the Financial Regulatory Authority (FRA) under Decree No. 200 of 2025.
The company stated in a press release today that this took place during the Ordinary and Extra-Ordinary General Assemblies and Board of Directors meetings held yesterday, Monday, October 19, 2026, which also witnessed the approval of amending certain articles of the company's Articles of Association.
Sherif Kamel as Chairman of the Board of Directors.. Ghada Gandy and Rana Jamali as Independent Members
The new Board of Directors includes Dr. Sherif Kamel as Chairman representing Gulf Insurance Group, Dr. Ghada Gandy as an independent member, and Rana Jamali as an independent member, alongside renewing confidence in Osama Kishk as Vice Chairman, Alaa El-Zoheiry as Managing Director, and Bijan Khosrowshahi and Ramy El-Borky as Board Members representing Gulf Insurance Group.
Sherif Kamel serves as the Dean of the Onsi Sawiris School of Business at the American University in Cairo and a Professor of Management there. He also serves as a non-executive board member of the Central Bank of Egypt (CBE) and holds leadership positions in international institutions concerned with developing business schools and management education.
Ghada Gandy possesses extensive expertise in the banking and financial sectors, having joined the Central Bank of Egypt in 2005. She held several positions related to external debt risk management, banking reform, international markets, and financial portfolios, and contributed to establishing departments dedicated to risk monitoring and corporate communications.
Rana Jamali has been working at Coca-Cola HBC Egypt for over 25 years and has held the position of Public Affairs and Communications Director at the company since 2015. She also holds several leadership roles in business institutions, including Vice Chairperson of the Egyptian Chamber of Food Industries and Head of the Women in Business Committee at the Federation of Egyptian Industries.
Formation of 6 Specialized Committees from Board Members to Enhance Transparency and Protect Policyholders' Rights
On the governance front, the new Board of Directors held its first meeting and approved the formation of 6 specialized committees from among its members, aiming to enhance transparency and independence in decision-making, protect the rights of policyholders, and reinforce governance principles.
Formation of 4 Senior Executive Management Committees to Oversee Strategy Implementation
The company also announced the formation of 4 other committees from senior executive management to oversee the implementation of strategies, develop operational processes, manage risks, and apply sustainability standards alongside climate-related environmental and governance practices.
Alaa El-Zoheiry, Managing Director of the company, stated that the meetings of the General Assemblies and the Board of Directors, as well as the formation of the committees, are not limited to compliance with the Financial Regulatory Authority's requirements, but rather constitute the foundation for a new phase of sustainable growth.
He added that GIG Insurance – Egypt is committed to applying the highest governance standards to protect the rights of policyholders and shareholders, thereby reinforcing the company's position in the property and casualty insurance sector.
