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Yasmine Khamis named Chairman of Oriental Weavers Carpet

Yasmine Khamis named Chairman of Oriental Weavers Carpet
The company achieved net profits of EGP 266.358 million in six months
Oriental Weavers
ORWE
-1.65% 19.03 -0.32

Cairo – Mubasher: The board of directors of Oriental Weavers Carpet approved the appointment of Yasmine Mohamed Farid Khamis as a Non-Executive Chairman, replacing Salah Abdel Aziz Abdel Motaleb.

In addition, the board also approved the appointment of Salah Abdel Aziz Abdel Motaleb as a Managing Director and CEO, replacing Meshat Hussein Abdel Halim who will remain as a board member, the company said in a bourse disclosure on Sunday.

During the first half (H1) of 2020, Oriental Weavers Carpet achieved net profits of EGP 266.358 million, down from EGP 461.829 million in the prior-year period.