TELECOM EGYPT - Key Persons

Job Titles:

• CEO
• Managing Director
• Managing Director and Chief Executive Officer, Commented

"I am very proud with Telecom Egypt's operational and financial performance during this quarter on all fronts despite encountering some challenges from global headwinds. The company continued to witness growth among its BUs, with top line growing 12% YoY and EBITDA margin reaching 38%, in line with our guidance. Retail led the growth (+16% YoY), thanks to higher data revenue driven by a growing customer base across all services and healthy ARPU trends. This growth led to organic flat operating and net profit YoY, managing to lessen the impact of higher D&A costs in light of the new spectrum acquired and the devaluation accounting treatment. We continue to focus on FCFF, which organically came in at EGP 0.7bn, excluding the payment of the new spectrum's instalment. The company was able to navigate through several challenges this quarter and we continue to look forward to growth across the P&L and thrive for additional revenue streams and cost optimization efforts to future-proof the organization and enhance value to our shareholders. Our strategy to achieve these financial goals revolves around enhanced customer experience, we have put together an all-encompassing plan targeted at each customer touchpoint to move from improved service quality, to refined products to a consistent and convenient service to all customer groups across our different business units. Such plan will not only improve our value proposition to our customers, but also make us more efficient, available and ready for the future." "I am pleased with our excellent interim results year-to-date despite the myriad of global challenges, which include devaluation, inflation, and supply chain pressures. We've clearly demonstrated our resilience, as revenue grew organically across all business units. H1 2022 top line grew 17% YoY on strong retail performance with data continuing to be the main driver, comprising 52% of total top line growth. Furthermore, we still managed to maintain healthy margins even though we brought-forward the 2023 salary increase to April 2022-as an incentive for our employees during these challenging times. Additionally, our optimum debt structure enabled us to absorb the adverse effect of the EGP's devaluation, resulting in a flat effective interest rate of 5.5%. Accordingly, our robust performance has filtered through to an organic FCFF of EGP 0.6bn, in addition to EGP 1.2bn dividends received from Vodafone Egypt in July 2022 under the modified Shareholder's Agreement. We look forward to preserving the momentum witnessed on all fronts by monetizing our local & international infrastructure assets to capture the market potential while also rationalizing our incurred costs without compromising on the quality of services provided to end users. On that front, we are eager to leverage our newly-signed national roaming services agreement with Orange Egypt. This step that mirrors our constant efforts to develop our services portfolio while boosting the mobile business margin & the company's profitability at large. As always, we will pursue value-accretive opportunities in the market to steer the company towards more success, ultimately maximizing the return to our shareholders." Telecom Egypt and Etisalat Misr sign a number of agreements with a total value of EGP 17bn "We are pleased to announce that EG-IX, which is hosted within the RDH, the largest tier III certified data center in Egypt is going live now in partnership with AMS-IX. The launch of the EG-IX platform will support Egypt's digital transformation plans. This step will not only enhance the country's internet ecosystem, but also support the ongoing regional efforts to establish a regional digital ecosystem that aggregates internet traffic from Africa and the Middle East." "We are very pleased to secure this new credit line with EIB after extensive deliberations, including the presentation of our functional plan to improve our mobile network's scale, an objective that comes in line with the bank's priorities for developmental projects. Telecom Egypt will capitalize on its multiple financial resources, newly awarded spectrum and rich portfolio of valuable products, among other factors, to continue serving its growing customer base and strengthen its competitive position in the Egyptian telecom market." "I'm proud of the resilience Telecom Egypt is showing. The clear-cut wins quarter after quarter, and accordingly, positive 9M 2022 results, reflect our solid stance in the turbulent operational environment. Data demand was the main contender for the 22% YoY upscale in top line-directly through retail data growth (21% YoY) and indirectly through higher cable project and domestic wholesale revenues recorded year-to-date. Meanwhile, EBITDA reached a strong margin of 41%, supported by an improved revenue mix, growing customer base and healthy ARPU on the operational front. Our net profit reached EGP 6.2bn, making up 19% of the top line. Despite inflationary pressures witnessed across the various cost elements in 9M 2022 (the two-time salary increase, higher interest expense and currency devaluation-which inflated capex), we maintained our FCFF position in the positive territory, amounting to EGP 0.3bn, thanks to healthy operations and Vodafone dividends. However, excluding the payment of the recently awarded spectrum and the 2G license instalments FCFF would have reached EGP 2.3bn. We're confident that growing USD revenue streams and capex rationalization will continue to pay off-further enhancing our cash flow stance going forward. Additionally, we are committed to exceeding client expectations by providing cutting-edge technology services of the highest caliber while advancing the nation's digitalization program. By doing so, and with the plan in place to face further market disruptions, we are confident that we will continue our growth story moving forward. This will ensure that we remain resilient and financially sound, fulfilling our responsibility to all stakeholders. As always, we will have the best interests of all of our shareholders in mind if and when we need to make any investment-related decisions." "I am very proud of our FY 2021 results that reflect Telecom Egypt's outstanding performance across the board. Our top line grew 16% YoY, mainly attributable to a 30% YoY spike in data revenue, while EBITDA climbed 28% YoY, recording a strong margin of 38%. Our net profit has hit a record-high EGP 7.7bn, organically up 52%. Our full year results clearly demonstrate that the strategy we adopted to reach financial and operational excellence is already bearing fruit, as we continue to see our growing margins translate to strong organic free cash flows of EGP 3bn, after excluding special dividends from Vodafone Egypt of around EGP 4bn. Our remarkable performance is credited to our unique and valuable product offerings that cater to all customer segments, our internal system upgrades, and our ability to capitalize on our distinctive infrastructure that spans both Egypt and the region. Additionally, Telecom Egypt continued to contribute strongly to national digitization projects, including the new phase of the digital transformation initiative that involves connecting nationwide governmental buildings with fiber, in addition to the first phase of Hayah Karima, which involves connecting about 1,400 villages with Fiber to the Home (FTTH) technology. Strategically, we have resumed our efforts to deleverage and decrease our cost of debt by utilizing our higher operating cash flows and the special dividends we received from Vodafone Egypt, which was a result of the new modified shareholders' agreement with Vodafone Egypt, which provides us with visibility on our investment and expected returns going forward. To conclude, 2021 is evidence that Telecom Egypt is a forward-focused company committed to maximizing shareholder returns and enabling Egypt's sustainable development strategy. We look forward to continue delivering on our strategic goals throughout 2022. "Telecom Egypt has once again extended its growth momentum, delivering a strong quarter and closing 2022 on a high note. Despite the continued market challenges, our clear strategy and enhanced operational efficiency have enabled us to meet our objectives. FY 2022 revenue increased by 19% YoY, arriving at EGP 44.3bn. Our customer base continues to expand, particularly mobile subscribers, which increased by 3 million. EBITDA increased to EGP 17.4bn, marking a robust 39% margin due to higher revenue across the board-which offset the inflationary pressures witnessed across different cost elements. Net profit increased 9% YoY reaching EGP 9.2bn, while normalized net profit would have reached EGP 10.1bn, up 31% YoY. We recorded a FCFF of EGP 3bn after excluding spectrum and license fees; nonetheless, we deemed such investments crucial as we strive to continue growing our customer base and enhancing service quality. We look forward to continuing our growth story well into 2023. As such, we seek each and every possible opportunity to monetize our investments and strengthen our performance, while keeping a close eye on expanding our reach and rationalizing different cost elements - as witnessed through our newly signed national roaming agreement with Orange Egypt, which kicked in at the end of 2022 and is expected to drive annual savings of EGP 1bn, starting 2023. I believe that our core values of providing the most reliable and advanced ICT services, while fortifying our international presence in the connectivity space, will continue fuelling our growth momentum, benefiting all our stakeholders, and delivering a decent value to our shareholders. In that regard, I'm pleased to share that despite the global economic conditions and macro challenges, the BoD has proposed to pay out a dividend of EGP 0. "We are delighted that Telecom Egypt's request for more spectrum has been accepted. Together with our current spectrum packages, this additional package will enable us to continue providing competitive, highly-efficient connectivity while accommodating for the rapid expansion of our mobile customer base. We intend to leverage our licenses to deliver value that meets the aspirations of both businesses and consumers, while also providing cost efficiencies for the company and maximizing shareholder value."

Job Titles:

• Chief Executive Officer
• Managing Director

Job Titles:

• Chief Human Resources Officer
• Vice President

Ahmed Hassan joined Telecom Egypt in September 2024, bringing extensive experience from a distinguished career at the Administrative Control Authority, where he held several key positions since joining in 1997. He rose steadily through the ranks, eventually reaching the position of Undersecretary of the Authority. Ahmed Hassan has honed his expertise by participating in numerous specialized training programs focused on combating corruption, money laundering, and illicit financial flows, as well as developing preventive strategies. His international training spanned several countries, including France, China, Germany, Italy, and the United States. Moreover, Ahmed has completed a wide range of training courses and professional development programs, both in Egypt and internationally, covering areas such as economics and governance. Ahmed Hassan holds a Bachelor's degree in Law and Police Sciences from the Police Academy, which he obtained in 1994.

Job Titles:

• Director of Investor Relations

Job Titles:

• Independent Board Member

Akef El Maghraby was appointed to Telecom Egypt's Board of Directors in March 2025. With over 25 years of experience in banking and finance, El Maghraby has a strong track record in all banking activities, financial strategy, and economic development. He is currently the CEO & Managing Director of Suez Canal Bank. Prior to this role, El Maghraby was the Vice Chairman of Banque Misr. During his tenure, he played a pivotal role in managing key business areas, including corporate banking, treasury, international business, retail, SME banking, investments, Islamic finance, global transaction services, regional operations, branches, and financial inclusion. His leadership and strategic vision contributed significantly to the bank's expansion and modernization, particularly in the realm of digital transformation. Before joining Banque Misr, he was the Head of Corporate & Investment Banking at Citi Bank Egypt, where he successfully doubled its assets and increased revenues by 50% in 2015. During his career at Citi Bank, which spanned over a decade, he spearheaded major financial transactions and provided financing and advisory services to leading corporations and government entities across various sectors, such as steel, chemicals, and energy. In addition to his executive roles, he currently serves as the Chairman of Egypt Digital Transformation Company and Misr Capital and as a board member of Banque Misr Lebanon, Misr Insurance Holding Company, the Egyptian Banking Institute, EgyptAir Holding Company, the Information Technology Industry Development Agency (ITIDA), Africa 50, CI Capital, and Egypt Investment & Export Development Company. He is also a member of the American Chamber of Commerce (AmCham). El Maghraby holds a Master's in Business Administration and a Bachelor's in Accounting & Finance from The American University in Cairo. 

Job Titles:

• in 2001 As an Operation and Maintenance Engineer

Job Titles:

• Non - Executive Board Member

Lieutenant General Ayman Ali was appointed to Telecom Egypt's Board of Directors in January 2024, representing the government. He currently serves as Chief of Staff of the Signal Corps in the Egyptian Armed Forces. Lieutenant General Ayman Ali holds a Master's degree in Political Science from the University of Madras, India, and a Bachelor's degree in Military Science from the Egyptian Military Academy.

Job Titles:

• Chairman of the Board, Commented

"The Board appointed Eng. Mohamed Nasr ElDin as the new Managing Director and CEO given his track record and profound ICT experience, including his previous role as Head of Telecom Egypt's International Cables and Networks Business Unit in 2014. We are confident he is the ideal candidate to take over the helm and maintain Telecom Egypt's leadership in various areas at the local and international levels, while continuing to drive quality and sustain customer base growth, maximizing our assets and creating value for all our stakeholders and the society at large. We wish him success in his new role. I would also like to thank former Managing Director and CEO Eng. Adel Hamed for his distinguished efforts and successful leadership of the company despite the many challenges we faced in the previous period. I wish him all the best in his new position and future endeavors."

Job Titles:

• Vice President
• Chief Regional Affairs Officer

Prior to this role, Adel was the acting Customer Care Vice President since 2019. During this time, he was in charge of standardizing call center processes and introducing new methodologies to enhance sales support, customer service, and secure multiple revenue streams. Concurrently, he was the Project Manager of one of the company's major investment projects, 'Internet of Egypt', which involved accelerating Capex spending to reach 90% of the population with Fiber to the curb from 2019 to 2020. He played an instrumental role in managing the execution of the project, which improved fixed broadband services in terms of speed and quality nation-wide and set the ground for the release of new products to the market. Beginning his corporate career in Telecom Egypt in 2007 as Operations General Manager, Adel held several managerial positions over the course of 14 years in the fields of transmission network operations and regional affairs. He was responsible for developing and managing network expansions while overseeing operational support to ensure proper network operations and reachability. Adel holds a Bachelor's degree in Electronic Engineering from Menofia University and a Master of Business Administration from The Arab Academy of Science, Technology & Maritime Transport.

Job Titles:

• Director, EU Neighborhood Countries, European Investment Bank

"This project will help accelerate large scale investment in mobile networks and ensure affordable access to digital services in Egypt. The EIB identifies the digital transformation as a catalyzer for innovation, employment and sustainable economic growth. We are pleased to partner with Telecom Egypt, a dynamic group engaged in its ambitious network expansion program, to offer a modern and broader access to connectivity throughout Egypt."

Job Titles:

• Independent Board Member

Girgis Abd El-Shahid was appointed to Telecom Egypt's Board of Directors in March 2025. With extensive expertise in corporate law and dispute resolution-particularly arbitration-combined with a strong financial and business background across diverse sectors, including logistics, aviation, pharmaceuticals, foodstuffs, construction, energy, finance, securities offerings, telecommunications, intellectual property, and banking, Abd El-Shahid serves as the Managing Partner of Shahid Law Firm. Recognized as one of the youngest Egyptian lawyers to handle high-profile arbitration cases in Egypt and the Middle East, he has built a reputation for his expertise in complex multiparty arbitrations and international law. Beyond his legal practice, he has served as a member of the International Court of Arbitration for two terms, concluding in June 2024, and as a member of the advisory committee of the Cairo Regional Centre for International Commercial Arbitration (CRCICA). He previously worked as a Public Prosecutor. Abd El-Shahid holds a Master of Laws in International Legal Studies from Georgetown University Law Center (USA), a Bachelor of Laws (LL.B.) from Cairo University, and a Bachelor of Arts in Economics and Business Administration from The American University in Cairo.

Job Titles:

• Non - Executive Board Member

Hani Elsamra was appointed to Telecom Egypt's Board in October 2022, representing the government. He brings over 26 years of human resources leadership across the banking sectors in Egypt and the Middle East. Since 2018, he has served as Chief Human Resources Officer at Banque Misr, where he leads the bank's human capital strategy and organizational development. Elsamra previously held senior HR roles at several prominent regional and international banks. He began his career at Citibank Egypt in 1999, becoming Vice President of HR at Citibank Kuwait in 2007. He later served as Vice President of HR at Abu Dhabi Islamic Bank Egypt (2009), returned to Citibank Kuwait as Head of HR (2011), and then joined Burgan Bank (Kuwait) in 2016 as General Manager of Human Resources and Development. He currently serves as a Board Member of Misr Abu Dhabi Real Estate Investments Company and chairs the Human Resources Committee of the Federation of Egyptian Banks. Elsamra completed the Certified Director Certification Program (CDCP) in collaboration with the International Finance Corporation (2022), the Executive Leadership Program from Harvard University (2022), and is a certified assessor by SHL UK. He also completed advanced programs in job analysis and evaluation with HAY Group.

Job Titles:

• Chief Executive Officer of Etisalat Misr

"We are proud of our collaboration with Telecom Egypt, which affirms our leadership within the technology and telecom fields, playing a vital role in leading the digital future in Egypt. We are keen on investing in further strengthening and upgrading our network to meet the needs of Egypt's market for data usage. Such investments will positively reflect in the quality of services provided to end users and comes in-line with the country's digital transformation strategy as well as our mission to enrich people's lives. During the upcoming period, these agreements will play an integral role in the company's solutions that will be introduced for the first time in the Egyptian market."

Job Titles:

• Independent Board Member
• CEO of Capgemini Egypt

Hossam Seifeldin was appointed to Telecom Egypt's Board of Directors in March 2025. With nearly 30 years of experience in the technology sector and global business strategy, Seifeldin is the CEO of Capgemini Egypt, where he leads the development of the company's newest global delivery center in Egypt, serving a wide array of international clients. Prior to joining Capgemini, he spent 27 years at IBM, gaining expertise in operations, transformation, and strategy across the Middle East and Africa. During his tenure, he held key leadership positions, including General Manager for the Middle East and Pakistan, General Manager for Africa, and ultimately Vice President for the region. Beyond his executive roles, he serves on several advisory and governance boards. He is a member of the Advisory Committee for Digital Economy and Entrepreneurship for the Prime Minister of Egypt, a Board Member at Raya Holding, and a Board of Trustees member at El Sewedy University of Technology (SUT). He also co-chairs the Digital Transformation Core Committee at the American Chamber of Commerce in Egypt (AmCham). He holds a Bachelor of Science in Engineering from Ain Shams University and a Management Degree from Henley Business School (UK).

Job Titles:

• Non - Executive Director
• Group Chief Financial Officer at Commercial International Bank
• Non - Executive Board Member

Islam Zekry was appointed to Telecom Egypt's Board of Directors in March 2025, representing the government. With over 20 years of experience in the banking sector, Zekry serves as Group Chief Financial Officer at Commercial International Bank (CIB), where he leads the bank's finance and strategy functions. He has a proven track record of enhancing financial performance, driving growth, and fostering innovation, with deep expertise in global markets, regulatory environments, industry developments, and mergers and acquisitions. His leadership continues to support CIB's long-term strategic objectives and stakeholder value creation. Previously, Zekry made history as CIB's first Chief Data Officer in Egypt, spearheading the bank's data transformation journey. Under his leadership, CIB built advanced capabilities in data warehousing, analytics, and AI-powered customer insights. This pioneering work earned international recognition, with London Business School and Harvard Business School featuring CIB as the first Middle Eastern case study in their curricula. A thought leader in digital finance and the new economy, Zekry is known for his innovative approach. He contributes to global digital transformation through his roles as a steering committee member of Smart Africa, an active contributor to the EU-AU Digital Economy Task Force, and a member of the World Economic Forum's Digital Transformation Committee. He was also recently appointed to Egypt's first AI Council, which is shaping the country's national AI vision and execution strategy. With international exposure across Europe, the Middle East, and Africa, Zekry serves as a Non-Executive Director on several financial and tech company boards across the region. He is a member of the Chartered Institute of Managerial Accountants (UK) and the FITCH Quantitative Finance Institute (London). Zekry holds a Doctorate in Banking Performance Analytics from Westbrook University of Minnesota, an MBA from the University of Chicago, and a Bachelor's degree in Accounting from Zagazig University. In addition to his academic credentials, he has earned several professional certifications in finance, data management, and information systems from leading global institutions.

Job Titles:

• CEO of Beverly Hills for Cities & Resorts Management

Job Titles:

• CEO of Everest for Real Estate Development

Job Titles:

• Chairman of the Board of Directors
• Chairman of Telecom Egypt 's Board of Directors
• Non - Executive Chair of City Edge Developments

Currently, Helal serves as non-executive Chair of City Edge Developments, Chair of the Board of Trustees of the Innovation for Sustainable Development Foundation, board member of the National Bank of Egypt (London), Egypt's Sovereign Wealth Fund, the Social Housing Fund's board, AlexBank, and El-Nidaa Foundation.

Job Titles:

• Executive Vice President of Egyptian Commercial Affairs, Telecommunications

Mohamed Aboutaleb, Executive Vice President of Egyptian Commercial Affairs, Telecommunications, said: "We are pleased to sign this agreement with ValU to make the products installment service available at the company's outlets," adding that "such an agreement will allow customers of the company to obtain their different needs from the products that WE provides more easily."

Job Titles:

• Independent Board Member
• Non - Executive Chairman of the National Bank of Egypt

Mohamed Barakat was appointed to Telecom Egypt's Board of Directors in March 2017 as a non-executive board member and became an independent board member in March 2025. With over 40 years of experience in the banking and financial sector, Barakat currently serves as Non-Executive Chairman of the National Bank of Egypt and as a Board Member of the Financial Services and Fintech Sub-Fund of The Sovereign Fund of Egypt, a role he has held since April 2021. From 2014 to 2022, he served as Vice Chairman and Managing Director of the Arab International Bank, he was also Chairman of Banque Misr (2002-2014), one of Egypt's largest banks. He also held additional leadership roles, including Chairman of Misr Lebanon Bank, Misr Europe Bank - Frankfurt, and Banque du Caire. Additionally, he served as Chairman of the Federation of Egyptian Banks and the Union of Arab Banks, after having served as Vice Chairman. Barakat was a Board Member of the Central Bank of Egypt (2003-2011), contributing to the Banking Reform and Audit Committees. He also served on the boards of the Egyptian Banking Institute, the Anti-Money Laundering Unit, and Cairo Amman Bank in Jordan, where he was elected Vice Chairman. Internationally, Barakat held key roles with Visa International as Regional Board Member (Central Europe, the Middle East, and Africa) (2003-2008) and Advisory Council Member (2008-2010). He also served on Mastercard's International Advisory Council (Middle East and Africa) (2011-2020). In the non-banking sector, Barakat was Chairman of the International Company for Tourist Investments (owner of the Conrad Hotel - Cairo) and the Suez Canal Company for Technology Settling, which owns October 6 University, where he also served on the Board of Trustees, where he was also on the Board of Trustees. He was a Board Member of EgyptAir Holding Company and numerous other public and private institutions. He holds a Master of Business Administration MBA from the University of San Francisco in the United States and a Bachelor's degree in Accounting from Alexandria University.

Job Titles:

• Board Member Representing Employees

Mohamed Hanafy was appointed to Telecom Egypt's Board of Directors in November 2022, representing the company's employees. He began his career at the Ministry of Local Development in 2001 and joined Telecom Egypt in 2004 as part of the HR team. He was promoted to HR Manager for the Third District - West Cairo in 2009, and in 2015, he became HR Manager for the First District - West Cairo , a role he continues to hold. Hanafy has been an active labor union leader. He currently serves as a Board Member of the Egyptian Trade Union Federation. He chaired the West Cairo Workers' Union from 2018 to 2022 and was re-elected for a second term (2022-2026). He also served as a Board Member of the General Union for Telecommunications Workers (2018-2022) before being elected President for the 2022-2026 term. Hanafy holds a postgraduate diploma in Business Administration from Ain Shams University and a Bachelor's degree in Commerce from Benha University.

Job Titles:

• Chief Technology Officer
• Vice President
• Fowey Was Appointed As Vice President for Technical Affairs in July 2019

Mohamed Hussein Al Fowey was appointed as Vice President for Technical Affairs in July 2019. Prior to that, Al Fowey was the Senior Director of Core Networks Engineering & Execution since March 2018. He was responsible for planning and implementing some of the company's major investment projects such as the acceleration of the fiber roll-out in 2019 and the national digital transformation initiative. Al Fowey joined TE in 2001 as an Operation and Maintenance Engineer and continued to excel in his career, which led to his appointment as Senior Director of Core Networks Operations in 2014. He played an instrumental role in automating, integrating, and developing different network operations to enhance the functionality of systems and their security frameworks, in compliance with industry standards. He was also among the main facilitators of the mobile launch in 2017 and enabled the provision of an unprecedented, fully converged telecom infrastructure using a unified operating system. Al Fowey holds a Bachelor of Science in Electronics and Electrical Communication from Cairo University, Egypt.

Job Titles:

• Chief Technology Officer
• Vice President
• Fowey Was Appointed As Vice President for Technical Affairs in July 2019

Job Titles:

• Chief Executive Officer
• Managing Director
• Managing Director and Chief Executive Officer at Telecom Egypt, Commented
• Managing Director and Chief Executive Officer, Commented
• Member of Telecom Egypt 's Board of Directors

"It gives me great pleasure to assume my new role at Telecom Egypt, particularly by starting the year on a high note with such an impressive quarter to comment on. Inspired by our dedication to become the leading ICT provider, our Q1 2023 results reflect the company's significant strengths and ability to capitalize on its diversified portfolio of assets and strategic location. Telecom Egypt continues to show momentum across both the operational and financial fronts. Top line witnessed a 48% hike YoY, while EBITDA shot up to reach 72% YoY. Data continued to be the main driver of retail revenue growth; meanwhile, the wholesale boom witnessed during the quarter is attributed to both higher volume sales and foreign currency appreciation. The overall growth across the board resulted in spikes in both the organic operating profit and net profit of 101% and 144% YoY, respectively. FCF came in at EGP 0.6bn, thanks to our growing operating cash flow of 63% YoY; excluding the last payment of the new spectrum, FCF reaches EGP 2.6bn. Despite the inflated gross debt due to foreign currency appreciation, we managed to reduce our annualized net debt/EBITDA to 1.2x vs. 1.4x in FY 2022, while maintaining our hard currency debt at an almost constant level QoQ. We continue executing our strategy and we remain committed to expanding and diversifying our service offerings, growing our customer base, enhancing customer experience, as well as a compelling financial model to all our stakeholders, I'm certain we will reach even greater heights. I aim to fully leverage the team's dedicated effort to continue forging ahead with our ambitious goals and strong execution to create lasting value, while setting the pace and growing the company's position as the leading integrated telecom operator, now and well into the future." "I'm pleased to be working with a team of top-notch professionals to pursue Telecom Egypt's relentless efforts to strengthen its international infrastructure. Today, we are thrilled to announce that 2Africa has been connected to the Port Said station, our latest and final milestone in linking the world's longest subsea cable to Egypt. Our contribution to the international submarine infrastructure demonstrates our commitment to offering state-of-the-art solutions to partners and customers both locally and internationally. In the coming phase, we aim to realize more of our potential as we work on new initiatives and roll out cutting-edge products that will take the ICT industry to the next level." Mohamed Nasr was appointed Managing Director and Chief Executive Officer of Telecom Egypt in March 2023, representing the government, following his previous role as a Non-Executive Board Member from July 2020. With over 20 years of expertise in the telecommunications industry, Nasr began his career at Telecom Egypt in 2004 and advanced through several leadership positions thanks to his extensive experience in the investment, development, and operation of global communication networks and submarine cable systems. In 2014, he was appointed Head of the International Communications Services Business Unit, where he led major initiatives in submarine cable systems, leveraging Egypt's strategic location as a global connectivity hub. From May 2020 to March 2023, he served as Assistant Minister for International Information Infrastructure at the Ministry of Communications and Information Technology. Prior to that, he held executive roles at PCCW Global, the international division of Hong Kong Telecom, including Executive Vice President for Global Submarine Cable Infrastructure in 2016. During his tenure, he spearheaded the strategic planning, feasibility studies, and investment analysis for new cable systems across Africa, the Middle East, and Europe. Nasr holds a Master of Business Administration and a Bachelor's degree in Telecommunications Engineering.

Job Titles:

• Executive Vice President of Commercial

Mohammed AbuTaleb, Executive Vice President of Commercial Affairs, confirmed that after 5 years since the launch of the WE brand, the company was able to reach various customers and sectors with different interests under the fierce competition within the local telecommunications market, which is nearly saturated 110%.

Job Titles:

• Vice President of Commercial Affairs

Mr. Mohamed Abo Taleb, the Vice President of Commercial Affairs at Telecom Egypt, announced, "The introduction of this phenomenal product for the first time in Egypt ensures Telecom Egypt's leadership and its keenness to provide the best products and constantly develop them to keep up with the ever-growing needs of users," adding that "the launch of WE MIX was a product of a thorough study of users' needs and requirements."

Job Titles:

• Executive Vice President of Commercial Affairs in Telecom Egypt Remarked "Cooperation With Everest for Real Estate Development

Mr. Mohamed Abu-Taleb, the Executive Vice President of Commercial Affairs in Telecom Egypt remarked "Cooperation with Everest for Real Estate Development confirms the company's capabilities to gain the trust of the major real estate developers in Egypt and its ability to provide The best telecommunication services that keep pace with the evolving needs of customers.

Job Titles:

• CEO of Orange Jordan, Commented

Mr. Terry Marini, CEO of Orange Jordan, commented: "The new CAB route is a rich addition to the Iraqi market. Through this strategic partnership with Telecom Egypt, the company will be able to meet the growing demand for Internet services within Iraq through new high-reliability pathways that seamlessly connect Iraq with Europe. " "Orange Jordan is proud to be part of the CAB cable that will contribute to the enhancement of Internet services between Europe and Iraq, emphasizing its status as a leading digital service provider."

Job Titles:

• Regional Head of LUMEN

Job Titles:

• CEO of Aqua Comms

"We are delighted to work with Telecom Egypt to deliver a highly resilient and innovative solution that will be a critical part of our new EMIC-1 system. This new system will connect the key hubs in Europe of Genoa, Marseille and Barcelona with both Salalah, Oman and Mumbai, India serving these high-growth markets with best-in-class connectivity services." Telecom Egypt continues to expand the provision of International telecommunication services in the Middle East Telecom Egypt continues to expand the provision of International telecommunication services in the Middle East and sign an agreement with Orange Jordan to establish a new international route linking Iraq to Europe Telecom Egypt, Egypt's first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange Jordan, the leading operator of integrated telecommunication services and a subsidiary of Orange Global Group, announced the signing of a strategic cooperation agreement to establish a new international route linking the State of Iraq to Europe across Egyptian and Jordanian lands.

Job Titles:

• Vice President of Sales and Marketing at Alcatel Submarine Networks, Commented

"Having worked with Telecom Egypt for decades to mutually serve the telecom community in laying subsea systems along Egypt's coasts, we have witnessed the speedy improvement in their cycle of permits, approvals and landing-related logistics. In addition to Egypt's privileged geo-location and its large territory bridging two main submarine cable routes, Telecom Egypt complements those enabling natural factors with its vast experience in landing subsea systems and a team of dedicated and skilled professionals capable of tackling and overcoming any potential operational challenges." Launched in May 2020 by a consortium of firms - Telecom Egypt, Meta, China Mobile International, MTN GlobalConnect, Orange, center3 (stc), Vodafone and WIOCC - and with the contracting of Alcatel Submarine Networks ("ASN") to build the cable, the 2Africa subsea cable system is designed to deliver seamless international connectivity solutions and boost internet connectivity, linking Africa with the rest of the world. It further enhances Egypt's position as a key international hub for global communication networks. 2Africa lands in two carefully-chosen sites in Egypt: on the Red Sea, it lands at the Ras Ghareb landing site, located 100km south of the Zafarana cable landing station, whereas the Mediterranean landing site, Port Said, is located 250km east of the Alexandria landing station. Both landing stations will connect via two terrestrial trans-Egypt routes adjacent to the Suez Canal. The crossing solution, deployed with next-generation fibre technology, will offer seamless optical paths between Africa, Asia, and Europe. It is complemented with the subsea festoon in the Red Sea on Telecom Egypt's Red2Med cable system, which connects the Red Sea landing stations of Ras Ghareb, Zafarana, and Suez adding an extra layer of diversity to the crossing. Upon completion in 2024, 2Africa will be one of the world's largest subsea cable projects interconnecting Europe, Asia, and Africa. The 45,000km system will deliver more than the total combined capacity of all subsea cables serving Africa today. With its 16 fibre-pairs' count and a design capacity of up to 180Tbps, 2Africa will connect 33 countries through 46 landings, ultimately enhancing global connectivity, and facilitating communications for over 3 billion people over fast, secure, cost-efficient routes. It will deliver much needed internet capacity and reliability across large parts of Africa, supplement the fast-growing capacity demand in the Middle East, and underpin the further growth of 4G, 5G and fixed broadband access.

Job Titles:

• IX CEO

Job Titles:

• Chief Customer Officer
• Vice President

Ramy Abdel-Fattah Kato joined Telecom Egypt in December 2023 as Chief Customer Officer to spearhead the company's customer-centric goals. Kato has over 26 years of experience in managing companies with large scale operations in various industries in the EMEA region, including telecommunications, financial services, e-commerce, digital payments, business process outsourcing, and energy. His expertise includes local and expatriate startup operations, scaling operations, digital transformation, and achieving operational efficiencies. From March 2020 until December 2023, Kato was Head of Care & Egypt Center at Vodafone Intelligent Solutions (VOIS), where he achieved several milestones including, developing the VOIS employer branding in Egypt, leading the Care transformation across VOIS to build the future of care operations, and overseeing Care operations across Europe, Egypt, and India with over 8000 FTE. From October 2018 to February 2020, he was the General Manager of Global Finance, a subsidiary of Global Leasing Company providing financial services in the Egyptian Market. In September 2016, Kato held the position of Vice President of Careem Care in Dubai before taking on the role of Managing Director of Careem, Egypt, a ride-hailing startup that offers services in 19 MENA countries. Before joining Careem, Kato's professional journey led him to the position of Chief Executive Officer of Xceed, the leading business process outsourcing company in Egypt and North Africa, and a wholly owned subsidiary of Telecom Egypt. Kato holds a bachelor's degree in economics from the American University in Cairo and an Executive MBA from Rennes School of Business in France.

Job Titles:

• Vice President for International and Wholesale at Telecom Egypt, Commented

"At Telecom Egypt, the deployment of a subsea system is not merely a commercial transaction. As such, landing a cable does not mark the end of the process; it ushers in a long-term partnership that lasts 25 years or more to ensure the secure lifetime operation of the cable. The company's success stories over the years are a testament to this--in addition to being the subsea cable deployment partner of choice for more than 160 major subsea cable players. To date, Telecom Egypt has invested in cable landing stations and a total of 5,300km crossing routes. Meanwhile, the company's numerous infrastructure projects aim to increase the robustness of the global high-density traffic routes, enabling its partners to grow, meet their communications needs, and ensure low-cost network ownership."

Job Titles:

• Non - Executive Board Member

Tamer El Mahdi was appointed to Telecom Egypt's Board of Directors in March 2025, representing the government. With over 30 years of experience, El Mahdi has served as Founder and Chairman of Trade Globe and Terrawaves Networks since 2020, overseeing global operations in telecom consultancy, network design, and digital infrastructure development. His career spans executive leadership in multinational corporations and investment firms across sectors such as telecommunications, digital transformation, fintech, real estate, mining, and non-banking financial services. From 2014 to 2019, he served as Group CEO of Orascom Telecom Media and Technology (OTMT), leading its strategic transformation and diversification across multiple industries and regions, including Europe, South Asia, and the Middle East. Prior to that, he was CEO of Orascom Telecom Algeria (Djezzy), Algeria's largest mobile operator, from 2008 to 2013. During his tenure at Orascom Telecom Holding, he held key leadership roles, including Group CTIO (2003-2008), where he managed multi-billion-dollar investments and launched mobile operations in Canada, Bangladesh, Iraq, and North Korea. Early in his career, El Mahdi held leadership positions at AT&T, managing large-scale telecom infrastructure projects across North Africa. A seasoned board member, he has served on the boards of Orascom Telecom, Beltone Financial Holding, Contact Financial Holding, and other prominent firms in Egypt and internationally. El Mahdi holds an MBA in International Business Administration from the Maastricht School of Management, a Master's in Project Management from George Washington University, a Master's in Electrical & Electronic Engineering from California State University, and a Bachelor's degree in the same field from Cairo University.

Job Titles:

• Non - Executive Board Member

Tarek Aboualam was appointed to Telecom Egypt's Board of Directors in March 2021, representing the government. He brings more than 25 years of experience leading digital technology companies, with a proven track record in the ICT sector across the Middle East and Europe. He is the Founder and Managing Partner of Glint Consulting, which specializes in investment management advisory and startup development. Aboualam has held several senior leadership positions across a range of companies. He was the founder and CEO of Soficom, an internet services provider, which was later acquired by Bahrain Telecommunications Company (Batelco). He also served as Director of Planning and Business Intelligence at WIND Telecomunicazioni in Italy, where he oversaw market analysis and product development. In addition, he was the Director of Broadband and Fixed Services Development at Orascom Telecom Holding. He joined Telecom Egypt in 2009 as Senior Vice President for International and Carrier Affairs and was appointed CEO and Managing Director in 2012. During his tenure, he played a crucial role in guiding the company through a significant transformation phase. Aboualam has served on the boards of leading companies both locally and internationally, including Italia Online, IT Net (Italy), Inty (UK), Vodafone Egypt, TE Data, Xceed, Iqraaly, Wasla, Soficom, Tellas (Greece), Tirakon (UAE), and Mobiserve, which operates in Egypt, the UAE, and Pakistan. He is also a member of the Board of Trustees of the British University in Egypt. Aboualam holds a Bachelor's degree in Electronics and Communications Engineering from Alexandria University.

Job Titles:

• Non - Executive Board Member

Tarek Tantawy was appointed to Telecom Egypt's Board of Directors in March 2021, representing the government. He currently serves as Managing Director and Co-CEO of Palm Hills Developments and brings over 24 years of experience in investment, financial services, and executive leadership. From 2015 to 2021, Tantawy served as Managing Director and Co-CEO of CI Capital Holding, where he played a key role in strengthening the institutional framework and positioning it as a leading financial services platform in Egypt. From 2002 to 2011, Tantawy held several senior positions at Telecom Egypt, including Managing Director and CEO from 2009 to 2011, after serving as Executive Vice President for Financial and Administrative Affairs since 2007. During his tenure, he led the acquisition of a 45% stake in Vodafone Egypt and played a key role in the company's international IPO. Tantawy currently serves on the boards of several publicly listed and privately held companies, including Palm Hills Developments, Taaleem Management Services, and Incolease. His previous board memberships include CI Capital Holding, Corplease, Vodafone Egypt, and TE Data. Tantawy holds a Master's degree in Business Administration from Heriot-Watt University in the United Kingdom, a Bachelor's degree in Construction Engineering from the American University in Cairo, and is a CFA charterholder.

Job Titles:

• Deputy Head of Delegation, EU Delegation to Egypt

"Digital Transformation is a key pillar of this ambitious new phase of joint cooperation with Egypt. The EU aims to support Egyptian government efforts to secure resilient and affordable access to universal connectivity to the benefits of Egyptian citizens across the whole country. This project shows the commitment of our partners in the EIB, the EU's lending hand, to support crucial inclusive digital infrastructure planning in Egypt. We will continue to work hand in hand with our Member States and European Financial Institutions as Team Europe to support Egypt's human centric digital transition and to foster a sustainable, connected and inclusive economy and society."

Job Titles:

• Chief Financial Officer
• Vice President

Wael Hanafy is the Chief Financial Officer (CFO) of Telecom Egypt, a position he officially assumed in October 2024 after serving as acting CFO from July 2024. With over two decades of dedicated service at Telecom Egypt, Hanafy is a company veteran who has established himself as a pivotal figure in its financial landscape since joining in 2002. As CFO, Hanafy is committed to steering the company toward continued financial stability and success while championing innovation and fostering a culture of accountability within the finance team. Throughout his tenure, Hanafy has held several pivotal positions, most recently serving as the Senior Director of Financial Affairs prior to his appointment as CFO. His extensive experience encompasses a broad range of finance functions, including corporate finance, investment strategy, financial planning, and budgeting. Hanafy's comprehensive knowledge and hands-on approach have enabled him to successfully manage complex mergers and acquisitions, ensuring thorough due diligence and fostering robust relationships with investors, operators, and vendors. From 2022 to 2024, Hanafy concurrently led the Investor Relations function at the company, where he was instrumental in enhancing communication and building trust with stakeholders. His ability to convey the company's financial health and strategic vision played a crucial role in attracting investment and maintaining strong investor confidence. Hanafy is a Certified Management Accountant (CMA) and holds a Bachelor of Commerce degree from Helwan University.

Job Titles:

• Chief Executive Officer of ValU

Walid Hasouna, Chief Executive Officer of ValU, said: "Partnering with the main telecommunications company in the Egyptian market with an ever-growing customer base will allow ValU to expand its services to a larger number of customers." Hasouna also expressed his pleasure with this partnership, through which ValU will "add" a very important partner to its merchants' network as well as providing innovative purchase and later payment solutions to our "WE" customer base. These partnerships are an integral part of our vision to always provide the best financial solutions to the largest customer base where we remain committed to promoting their lifestyles. "

Job Titles:

• Orange Egypt 's CEO and Managing Director, Commented