Egytrans, a leading transport and logistics company, announced the appointment of Maged Shawky as its new Chairman, succeeding the late Mohamed Gamal Moharram.
“We extend our warmest welcome to Mr. Shawky and look forward to his leadership as we embark on the next chapter of expansion at Egytrans,” said Abir Leheta, CEO of Egytrans. “Our new Chairman’s multifaceted experience and knowledge make him an exceptional addition to Egytrans’ board, able to significantly contribute to the company’s growth trajectory. His track record of implementing strategic change will be invaluable in guiding Egytrans’ board as it explores new opportunities and markets.”
On assuming the role of Chairman of the Board at Egytrans, Shawky expressed his enthusiasm: “I am honored to be part of such a leading company with a rich legacy of 50 years in the transport and logistics industry. This marks an exciting new chapter for the company, and I look forward to collaborating closely with the Board of Directors to advance the company’s strategy as it navigates its next phase of growth and expansion. Together we will remain focused on diversifying operations, consolidating investments, and expanding Egytrans’ regional presence while effectively addressing the current global market challenges. I am committed to strengthening the company’s foundational pillars to ensure continued value delivery to its stakeholders.”
With a rich career spanning over thirty years, Mr. Shawky brings a wealth of experience to Egytrans, with significant contributions to the financial markets and investment industry. Currently serving as Chairman and Managing Partner of Catalyst Partners, an investment bank focused on SMEs with a portfolio exceeding US$40 million, Mr. Shawky’s entrepreneurial acumen has been instrumental in co-founding, mentoring, and managing growth across various sectors. Prior to his current role, Mr. Shawky held executive positions at Beltone Financial Holding, a leading investment bank in Egypt, where he transformed the company from a loss-making entity to a profitable, blue-chip stock company. He also served as Executive Chairman of the Egyptian Exchange, spearheading regulatory and operational reforms to enhance market transparency and corporate governance practices. Notably, Shawky’s involvement as President of the African Securities Exchanges Association played a crucial role in promoting African markets internationally.
His extensive experience also encompasses advisory roles in governmental economic reforms and capital markets development, where he played a crucial role in structuring and implementing IMF/World Bank programs. His leadership in establishing the Capital Markets Unit at the Ministry Economy and Foreign Trade underscores his commitment to fostering economic growth and innovation. His extensive experience on various boards and committees, including his position as an independent board member of CIB Kenya, underscores his reputation as a trusted advisor and governance expert. Internationally, Shawky’s contributions to organizations like the World Federation of Exchanges and his involvement in initiatives such as the OECD’s Corporate Governance working group highlight his dedication to promoting a transparent and sustainable business environment.
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About Egyptian Transport and Commercial Services Company (Egytrans):
The Egyptian Transport and Commercial Services Company (Egytrans) is a leading integrated transport and logistics company with a comprehensive portfolio of services in Egypt. With experience dating back to 1939, the company was established in 197 under the name Egytrans. It has since developed a number of subsidiary and affiliate brands consisting of Egytrans Depot Solutions (EDS), Egyptian Transportation & Logistics S.A.E. (ETAL), Wilhelmsen Ships Service Egypt and Scan Arabia. Working across 9 branches in Egypt, the mission of Egytrans is to make integrated transport easy, safe and cost-effective. Egytrans enables and facilitates global and national supply chains through its extensive range of services including Sea Freight, Air Freight, Land Transport, Customs Clearance, Project Logistics, Exhibitions, and Storage. Egytrans employs around 350 employees across its operations in Egypt and is publicly traded on the Egyptian Stock Exchange (EGX) as [ETRS.CA] for Reuters and [ETRS EY Equity] for Bloomberg. For more information please visit: www.ir.egytrans.com
