Telecom Egypt has ushered in a new era of leadership with the appointment of Lobna Helal as Chair of the Board. This significant milestone follows the departure of Dr Magued Osman, who stepped down after nine years of service.
Helal’s appointment is historic, as she becomes the first woman to lead the company’s board. With an extensive background in banking and finance, her leadership is expected to bring a fresh perspective to Egypt’s leading telecommunications provider.
In addition to Helal’s appointment, Mohamed Nasr has been reappointed as Managing Director and CEO for a second term. His continued leadership ensures stability and progress in Telecom Egypt’s digital transformation efforts.
Who is Lobna Helal?
Lobna Helal is no stranger to breaking barriers. She was the first woman to serve as Deputy Governor of the Central Bank of Egypt (CBE), a role she held twice—first in 2011 and later from 2015 to 2021. Her career spans over 30 years in banking and economic policy, where she played a key role in shaping Egypt’s financial stability.
A graduate of the American University in Cairo with a Master’s degree in Economics, Helal has worked with leading investment banks and financial institutions. She also held a board position at Egypt’s Sovereign Wealth Fund and served as Chair of the Egyptian Mortgage Refinance Company. Her expertise in monetary policies, banking reforms, and economic strategies makes her an ideal leader for Telecom Egypt’s future ambitions.
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What this means for Telecom Egypt’s future
Under Helal’s leadership, Telecom Egypt is expected to strengthen its position as a regional data hub and advance its digital transformation goals. With her extensive financial background, she brings a strategic vision that aligns with the company’s growth objectives.
Her appointment also marks a significant step toward gender diversity in corporate leadership, setting a precedent for women in executive roles across Egypt’s business landscape. With Nasr continuing as CEO, Telecom Egypt is poised for sustained innovation, expansion, and excellence in service delivery.
As the company moves forward under this dynamic leadership duo, all eyes are on Telecom Egypt’s next phase of growth in the rapidly evolving telecommunications industry.
