Mr. Mahmoud Abdel Latif Appointed as Chairman of the Board of Travco Properties, and Vice Chairman of Travco Group International Holding SAE
Sunday, December 18, 2016

Hamed El Chiaty, founder and chairman of Travco Group International, announced the appointment of Mr. Mahmoud Abdel Latif as Chairman of the Board of Travco Properties, and Vice Chairman of Travco Group International Holding SAE, as of 1st of January 2017.

With more than 30 years of extensive involvement in the finance field, Mr. Abdel Latif brings with him a long and successful track record overseeing organizations’ strategies and commercial operations. His professional history is also marked by successful restructuring of financial establishments and banks.

Being the Vice Chairman of Bayt El Khebra, a leading Egyptian financier, he has provided consultancy and advisory services to a number of industries, assisting major companies achieve their growth and profitability targets.

Mr. Abdel Latif was the Chairman & CEO of Bank of Alexandria, and in charge of its organizational restructuring since its privatization and until putting it in line with its international peers.

Same accomplished in the restructuring of the Egyptian American Bank EAB leading to the successful sale of 80% of its stake to Credit Agricole. He was able to streamline costs, improve bottom line performance and advance the overall productivity.

Commenting on the new appointment, Mr. Chiaty said: “I am confident that Mr. Abdel Latif’s experience, knowledge, innovative approach, and result-oriented attitude would make a significant contribution to the planned growth, and continued success of our group.

The team at Travco Group is welcoming Mr. Abdel Latif, and bids him all the luck in his endeavor to make Travco an even stronger and more successful business than it is today.

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