Contact Financial Holding Appoints John Saad as New CEO
Egypt-based Contact Financial Holding has named John Saad as its new managing director and CEO. This move shows the company’s aim to grow, bring new ideas, and become a leader in the market.
Management Changes
Saad has taken over as the new leader, replacing Said Zater, who has now become the Vice Chairman of the group.
Saad has over 20 years of experience in commercial and marketing roles in the tech industry. He has worked in many countries across the region.
He started his career at one of Egypt’s biggest telecom companies, where he moved up in marketing roles and later became a senior executive.
Saad has worked as Chief Commercial Officer at major companies in Egypt, Qatar, Saudi Arabia, and the UAE.
He also served as the CEO of a well-known digital entertainment platform in the Middle East and is now the co-founder and CEO of a company that focuses on artificial intelligence.
Key Numbers
The group ended 2024 with a financing portfolio worth over $424 million (EGP 21 billion).
Financial Results
Contact Financial reported a 5% drop in its net income for 2024, earning $13 million (EGP 658 million).
The decrease was mainly because the financing division’s net income fell 15% to $10.5 million (EGP 533 million).
On a positive note, total operating income rose by 18% to $48.7 million (EGP 2.5 billion) by the end of 2024.
The financing portfolio stayed steady at $416.9 million (EGP 21.1 billion) last year.
Rankings
Contact Financial Holding ranked 47th on Forbes Middle East’s list of Egypt’s Top 50 Listed Companies for 2024.
Former CEO Said Zater ranked 95th on the Forbes Middle East Top CEOs list for 2024.
Published: 11th June 2025
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