Mohamed Barakat
Mohamed Barakat
Independent Board Member

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.