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16675 / +20(2)33357575

shd@sigma-capital.com

22-06-2025

Visa appoints Tariq Mahmoud as Regional President for Central and Eastern Europe, the Middle East and Africa

Source: MIST

Al MAl-


Visa Inc. (NYSE: V), the world’s leader in digital payments, announced the appointment of Tariq Mahmood as Regional President for its Central and Eastern Europe, Middle East, and Africa (CEMEA) region. In his new role, Tariq will lead the company’s business across more than 86 innovative and fast-growing markets, serving more than 1,800 clients across 23 local offices in the region.
Tareq Mahmood brings over 30 years of experience in banking and payments. He most recently served as Visa’s Head of Value Added Services for Europe, based in London, and joined the company in 2019 as Group General Manager for Southeast Asia from its headquarters in Singapore. Prior to joining Visa, he held several senior leadership positions at Ahli United Bank, ANZ Bank, and HSBC. Tariq Mahmood will assume his duties immediately, based in Dubai, and will report to Oliver Jenkin, Visa’s President, Global Markets Group. Tarek Mahmoud succeeds Andrew Torre, who was recently appointed president of Visa's Value Added Services business, which has rapidly grown into a $9 billion global business, achieving 20% ​​annual revenue growth since 2021.
Oliver Jenkin, Visa's president for global markets, said: "We are delighted to have Tarek lead one of our most important and fastest-growing global markets, with his deep understanding and extensive experience at the intersection of financial services, technology, and high-growth markets, to continue our journey towards developing the future of digital payments in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. Tarek has worked across 13 countries during his career and brings a unique international perspective, world-class leadership, and a proven track record of building partnerships with Visa's most prominent clients in diverse, complex, and rapidly evolving markets."
Tarek Mahmoud, regional president for CEMEA, said: "I am honored to lead this region and continue the tremendous progress made in reshaping the future of payments, commerce, and mobility." “Money in these dynamic markets.” I have spent more than a third of my career in this region, and I am excited about the significant potential it offers to expand the reach of digital payments to more consumers, merchants, and economies. I look forward to working closely with our distinguished team to drive shared growth with our clients and partners in the region.

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EGX30

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NameLastChCh%
EGX30 36,003.65 95.15 %0.26
EGX100 14,321.16 62.77 %0.44
EGX70E 10,646.90 60.50 %0.57
EGX30C 44,199.22 94.42 %0.21

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Declining8736%
Unchanged229%
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Sector NameT/O (EGP Mn) Mkt %
Financial Services & Electronic Payments1,123.8923.33
Food and Beverage896.8018.61
Industrial, Construction and Materials710.3414.74
Real Estate and Hotels660.8713.72
Banks418.128.68
Healthcare and Pharmaceuticals333.916.93
Consumer Discretionary206.354.28
Chemicals181.013.76
Other84.471.75
Education51.601.07
Technology, Media and Telecom50.091.04
Energy48.541.01
Transportation, Shipping and Logistics42.190.88