The board of directors of Ibnsina Pharma approved the appointment of Abdel Aziz Ali Abdel Aziz as a Non-Executive Chairman and Mohamed Mohsen Mohamed Mahgoub as Vice Chairman. In addition, the board also named Mahmoud Abdel Gawad and Omar Abdel Gawad as Managing Directors. The move is in line with the Financial Regulatory Authority's (FRA) regulations to separate the positions of the chairman, the CEO, and the managing director.