Top 100 CEOs In The
Middle East 2022

87. Sherif Elwy

Designation: ‎ Managing Director and Vice Chairman
Company: Arab African International Bank (AAIB)
Country: Egypt
Nationality: Egyptian
Sector: Banking

Elwy assumed the leadership of AAIB in 2018. The bank reported total assets worth $15.3 billion in 2021, an increase of 7.6% compared to 2020. Profits in 2021 hit $136.7 million compared to $80 million in 2020. AAIB partnered with digital platforms provider Liferay in February 2022 to accelerate the bank’s digital transformation and improve its website. Elwy also signed a $95.9 million contract with EDECS in February to finance a multipurpose marine station at El Dekheila Port in Egypt.