Sherif Mohamed Farouk has been sworn in as the Minister of Supply, succeeding Ali Moselhi. Prior to this appointment, Farouk held the position of Chairperson at Egypt Post starting from 21 July 2020, after serving as the acting chairperson for nearly two months.
With an impressive banking career spanning 30 years, Farouk has specialized in restructuring banks and financial institutions. His expertise includes developing operations, training managers and specialists, overseeing personal banking services, private banking, branch network management, credit risk management, payment card industry, corporate loans, and business development.
From March 2017, Farouk served as the Senior Vice Chairperson, CEO, and Managing Director of Nasser Social Bank, where he successfully led transformation and restructuring efforts. He also worked at the Egyptian Gulf Bank in Cairo from 2006 to 2017, the National Development Bank (currently Abu Dhabi Islamic Bank Egypt) from May 2004 to 2007, and the Egyptian American Bank (currently Crédit Agricole Egypt) from September 1989 to May 2002.
Farouk holds a Bachelor’s degree in Commerce with a specialization in Accounting from Ain Shams University (obtained in 1987). Additionally, he earned a Master’s degree in Business Administration with a specialization in Banking from the Arab Academy for Banking and Financial Sciences in 2009, and a PhD in Business Administration from Ain Shams University.
