Al-Futtaim Appoints Tarek Tantawy as CEO of Egypt Operations to Drive Strategic Growth
Al-Futtaim has announced the appointment of Tarek Tantawy as Chief Executive Officer of Al-Futtaim Egypt, effective January 15, 2026, marking a strategic evolution in the Group’s operating model in one of its priority growth markets.
The appointment establishes a single country CEO structure for Egypt, aligning strategy, capital allocation, and operational priorities across the portfolio to ensure the Group operates as One Al-Futtaim. The role is designed to deliver consistent execution, strengthen collaboration across business units, and deepen engagement with customers, partners, and national stakeholders.
“I am honoured to join Al-Futtaim at a pivotal moment for its Egypt operations,” Tantawy said. “Egypt represents a long-term growth engine for the Group, with scale, complexity, and opportunity across multiple sectors. Aligning our businesses behind a clear country strategy and strengthening execution discipline will be essential to unlocking value through collaboration across the portfolio.”
David Henderson, Chief Human Resources Officer at Al-Futtaim, said the appointment reinforces portfolio-level accountability and enables disciplined capital deployment as the Group’s footprint in Egypt continues to expand.
Tantawy brings more than 27 years of leadership experience across strategy, operations, finance, and executive management. Most recently, he served as Group Co-CEO and Managing Director at Palm Hills Developments. He previously held senior leadership roles including CEO and Managing Director at Telecom Egypt, Group Co-CEO at CI Capital Holding, and CFO at IDJ-Beyti, alongside multiple board appointments across financial services, telecommunications, education, real estate, and FMCG.
Al-Futtaim has operated in Egypt for over four decades and today maintains a diversified presence across real estate, retail, automotive, and insurance. The Group’s footprint includes Cairo Festival City and its mall, alongside recent expansion into premium education through a partnership with Dwight Schools and the Al-Futtaim Education Foundation.
The appointment signals a sharpened focus on scale, governance, and long-term value creation in Egypt, positioning the Group for its next phase of growth in the market.
