TSFE - Key Persons

Job Titles:

• Independent General Assembly Member

Dr. Hala ElSaid is a prominent female banking figure, as a member of the Central Bank's Board of Directors and as an Executive Director of the Egyptian Banking Institute for eight consecutive years, managing the Institute with a promising vision to establish a professional training arm for the Egyptian banking system that applies international best practices in the development of technical and administrative skills for financial and banking professionals in Egypt and the Middle East and North Africa. During this period, she led a group of experts and consultants at the Institute to obtain international accreditation to become the first accredited banking and financial training institute in Egypt and the Middle East and North Africa region (2006 -2008). Dr. Hala ElSaid has also held several positions, including advisor to the Governor of the Central Bank of Egypt, a member of the Board of Trustees of the Central Bank's Anti-Money Laundering Unit, and a member of the Board of Directors of the Arab African International Bank. In addition to this great career, Dr. Hala ElSaid has academic contributions that include a wide range of internationally acclaimed research papers, studies and reports on various economic topics, most notably studies on financial and banking reform, international finance, privatization and economic reform. To name but a few, ElSaid has provided research and reports on bank mergers, financing of Small and Medium Enterprises, Corporate Governance and the role of the state in reducing credit risk. Dr. Hala ElSaid was also awarded the Best Arab Minister Award in the first round of the Arab Government Excellence Award in November 2020. Dr. Hala ElSaid received her PhD in Economics in 1989 from the Faculty of Economics and Political Science at Cairo University. In 2011, she became the first elected dean for the Faculty of Economics and Political Science and then assistant to the president of Cairo University for Scientific Research and Foreign Relations from September 2013 to 2016.

Job Titles:

• Fellow
• Independent General Assembly Member

Dr. Khaled Abdel Aziz Mohamed Hegazy has more than 35 years of professional and academic experience in the field of accounting and finance. Khaled Abdelaziz Hegazy holds a Doctor of Philosophy degree in Accounting and Finance from the London School of Economics and Political Science in London, England. He also received a Master of Science (Master) degree in Accounting and Finance from the same faculty. Prior to that, he holds a Bachelor of Commerce with a major in Accounting from the Faculty of Commerce, Cairo University, Egypt. Dr. Khaled Hegazy's career spans several decades, during which he held key positions in prominent institutions and companies, where he served as the Executive Partner at Dr. Abdelaziz Hegazy & Partners-Crowe, a professional firm of chartered accountants and consultants registered with the Public Corporate Accounting Supervisory Board (PCAOB) in the United States and a member of Crowe Global since November 1996. He also co-founded Hegazy Management and Consulting Company with Dr. Abdelaziz Hegazy in 1986 and became Chairman of the Board of Directors since 2017. Dr. Hegazy has extensive experience in financial and management advisory, finance & banking, and auditing & corporate governance, and is a registered Consultant with the World Bank in Egypt, and a registered Certified Public Accountant in Egypt. Dr. Hegazy has held important positions in several companies where he has served as a non-executive member of the Board of Directors and Chairman of the Audit Committee of Oriental Weavers since October 2022, New Alexandria Medical Center since October 2022, Misr Life Insurance since 2014, Administrative Capital for Urban Development (ACUD) since June 2016, Barclays Bank Egypt from 2010 to 2018, and International Leasing Finance INCOLEASE from 2014 to 2016 and from 2018 to 2021. Dr. Hegazy's professional experience in risk management also extends to Misr Life Insurance and Barclays Bank Egypt as a member of their Risk Committee. Dr. Hegazy also served as the non-executive chairman of Misr Spinning and Weaving and El Bayda's Dyers in Kafr El Dawar, Digital Finance Holding Company (DFIN), and Misr Real Estate Fund Company 1 - Banque Misr. Prof. Dr. Khaled Hegazy has a diverse academic career that includes key teaching roles and affiliations. He is currently the Founding Dean of the Faculty of Business and Business at New Giza University. In addition, he served as Associate Dean and Program Manager for both graduate and undergraduate programs at the Nile University College of Business Administration. Dr. Hegazy's academic journey extends even further as he has made valuable contributions as a lecturer at the Faculty of Commerce at Cairo University and assumed teaching responsibilities as a visiting professor at various prestigious universities in the Kellogg Graduate School of Management at Northwestern University, USA, as well as the American University in Cairo, Egypt, and the College of Business and Economics at the United Arab Emirates University - Al Ain, UAE. Dr. Hegazy's academic research works include publications and conference presentations and post graduate thesis supervision on risks in financial institutions; Islamic finance; activity-based costing; the balanced scorecard; The design of cost accounting systems; accounting information systems; strategic finance; audit committees and corporate governance; accounting reforms in less developed countries; the measurement and reporting of intellectual capital, and the knowledge economy. Throughout his career, Dr. Hegazy has been honored for his achievements and contributions as he participated in the Egyptian American Presidential Council Professional Initiative and received the American Fulbright Commission Senior Scholars Scholarship. He has also completed several professional development programs and workshops in the fields of investment, finance, management accounting and project evaluation. Dr. Hegazy is a member and fellow of prestigious academic and professional associations, including the Institute of Management Accountants (IMA) in the United States, the Canadian Association of Academic Accountants (CAAA), the Egyptian Association of Accountants and Auditors, and the Arab Society for Cost and Management Accounting. He also worked in many professional boards and committees and contributed to the development and advancement of the accounting and auditing profession in Egypt and is currently the Chairman of the Board of Directors of the Egyptian Institute for Accountants and Auditors.

Job Titles:

• Chairman of the Financial Regulatory Authority
• Representative of Ministry Investment.

Dr. Mohamed Farid Saleh has been appointed as Chairman of the Financial Regulatory Authority (FRA) in August 2022 as per the Presidential Decree No. 353/2022. He is also a Board Member at the Central Bank of Egypt (CBE) and a Member of the CBE's Monetary Policy Committee (MPC). Farid served as the Executive Chairman of the Egyptian Exchange (EGX) since August 2017 as per the Prime Ministerial Decree No. 1759/2017 and his term was renewed in August 2021. During this period, Farid held many international positions, the Chairman of the Federation of Euro-Asian Stock Exchanges (FEAS) from 2017-2019 and from 2021 till August 2022; the Chairman of the Arab Federation of Capital Markets (AFCM) from 2019 till 2021; the Chairman of the Emerging Markets Working Group at the World Federation of Exchanges (WFE) from 2017 till 2021; and a Board Member of the African Securities Exchanges Association (ASEA) throughout his Chairmanship of the EGX. Prior to his appointment as EGX Executive Chairman, Farid served as the Chairman and the CEO of Dcode EFC - a leading economic advisory firm in Egypt. Furthermore, between 2013 and 2016, Farid was an External Consultant on Venture Capital (VC) and Financial Leasing for the World Bank Group in Egypt, and was a Member of the Capital Market Advisory Committee established by the Financial Regulatory Authority (FRA). Additionally, he served as the Vice Chairman of the EGX in 2010-2011. He also served as a part-time lecturer in Financial Markets, International Finance, and Financial Derivatives at the American University in Cairo (AUC) and at the Arab Academy for Science, Technology & Maritime Transport (AASTMT). Farid holds a PhD in Financial Economics from Cardiff Metropolitan University, an MSc in Quantitative Finance from Bayes Business School City, University of London, an MSc in Economics, Finance & Investment from York University, and an MBA from the Arab Academy for Science, Technology & Maritime Transport (ASST). He also holds a certificate in Venture Capital from UC Berkley, the United States of America, a certificate in Time-Series Analysis from Timberlakes, Cambridge University, and BSc in Foreign Trade and Economics from Helwan University.

Job Titles:

• Chairman and Managing Partner of I Squared Capital
• Independent General Assembly Member
• Senior Fellow at the Development Research Institute of New York University and Foundation

Dr. Sadek Wahba is Chairman and Managing Partner of I Squared Capital, an independent global infrastructure investment manager with over 180 professionals based in Miami, London, New Delhi, Hong Kong, Singapore and Taipei. The company specializes in infrastructure investments in the energy, utilities, transport, environmental infra, digital infra and social infra sectors in North America, Europe and select high-growth economies across Asia and Latin America. He was previously at Morgan Stanley where he was the CEO of Morgan Stanley Infrastructure, a global platform for infrastructure investments. A former economist at The World Bank, Sadek is an advocate for transformative approaches to infrastructure investment and a frequent commentator about the need for more investment in infrastructure to promote sustainable economic growth. He was part of the expert committee on the World Economic Forum's first report on global infrastructure investments and was named Global Infrastructure Personality of the Year twice, as well as Global Infrastructure Personality of the Decade, by Private Equity International (PEI). He appears regularly on national networks including Bloomberg and CNBC. In September 2022, President Biden appointed Sadek to the National Infrastructure Advisory Council, which advises the White House on reducing the physical and cyber risks and improving the security and resilience of critical infrastructure in the U.S. He holds a Ph.D. in economics from Harvard University, an M.Sc. in economics from the London School of Economics (LSE) and a B.A. in economics from the American University in Cairo. He is a published author on economic research, including articles in the Journal of the American Statistical Association, Review of Economics and Statistics and others. One of his publications was selected by MIT as one of their 50 most influential papers in the last 50 years. Sadek is a Senior Fellow at the Development Research Institute of New York University and Foundation Fellow of St. Antony's College, University of Oxford. A member of the Council on Foreign Relations, he is also a member of the Global Advisory Council of the Wilson Center, a trustee of the American University in Cairo and a member of the board of directors of the Miami Cancer Institute.

Job Titles:

• Independent General Assembly Member

Dr. Ziad Bahaa Eldin earned his Ph.D. In Financial Law from the London School of Economics (1996), LLM in International Business Law from King's College London (1989), BA in Economics from the American University in Cairo (1987), LLB in Law from Cairo University (1986), and High School Diploma from the College de la Sainte Famille (1982). He taught law at Cairo University (2001/2005) and in Beijing University (2019) and is currently a weekly writer in Al-Masry Al-Yom newspaper in Egypt and an occasional contributor to various publications in Egypt and abroad.

Job Titles:

• Prime Minister
• Professor

H.E. Dr. Mostafa MADBOULY currently Serves as the Prime Minister of The Arab Republic of Egypt. Preceding his tenure as Prime Minister, H.E. Dr. Mostafa MADBOULY, was the Minister of Housing and Urban Utilities. Prior to that, H.E. was appointed as the regional director for Arab countries at the United Nations Human Settlements Program. H.E. also served as the First Under Secretary and Chairman of the General Authority for Urban Planning at the Ministry of Housing, Utilities and Urban Development. During his career, H.E. Dr. Mostafa Madbouly also consulted for local and international entities such as World Bank, UNDP, UNHABITAT, ILO and Cities Alliance. H.E. served a multitude of other positions such as, Vice Chairman of the General Organization for Physical Planning, Head of the Technical Office for the General Organization for Physical Planning, and Executive Director of the Urban Training Institute, Housing and Building National Research Center. H.E. has written more than a multitude of studies in urban planning and housing presented at international and local conferences in addition to participation in writing the "Housing and Urban Development" chapter in Egypt's Human Development Reports of 2005, 2007, 2008 and 2009. H.E. Dr. Mostafa MADBOULY is a Professor and holds a Ph.D. in Urban Planning from Cairo University and a Post Graduate Diploma in Urban Management from Institute for Housing and Urban Development Studies "IHS" Rotterdam.

Job Titles:

• Chairman

Job Titles:

• Counsellor
• Legal Counsellor to Minister of Planning
• Member of Governance Advisory Board at National Institute for Governance

Counsellor Mohamed Aba Zeid currently serves as legal counsellor to Minister of Planning and Economic Development, and Vice President of the Court of Cassation. He also sits on multiple boards, including ABA ZEID Member of Governance Advisory Board at National Institute for Governance and Sustainable Development, Member of Investment Committee at the National Investment Bank, Member of the Supervisory Board at Misr Bank Europe - GmbH, and Member of General Assembly at Holding Company for Airports. Prior to his vital roles at the respective companies, Mr. Aba Zeid, held a multitude of position such as Attorney General, Judge and Court President at the Ministry of Justice, Advisor to the Chairman and Member of the Dispute Settlement Committee at the General Authority for Investments, and Legal Advisor to the Minister at the Ministry of Investment of Egypt. Counsellor Aba Zeid is also Chairperson of the Social Committee, Public Relations and Travels at the Judges Club of Egypt and Member of the Board of Directors of the Social Society of Judges of the Court of Cassation.

Job Titles:

• Chief Investment Officer

Mr. Abdalla ELEBIARY currently serves as the Chief investment officer at TSFE. Since joining The Sovereign Fund of Egypt (TSFE) in May 2020, Mr. ElEbiary has spearheaded the Fund's investments in infrastructure & utilities, banking & non-banking financial services, healthcare, real estate and education. Mr. ElEbiary also led several financial advisory transactions for State Owned Enterprises in excess of $2 billion. Before joining The Sovereign Fund of Egypt, Mr. ElEbiary was Managing Director of Qalaa Holdings (formerly known as Citadel Capital), an African leader in infrastructure and industry, for 14 years. At Qalaa Holdings Mr. ElEbiary led the investments in Nile river transportation / logistics, FMCG and Cement. On the M&A and financing side, Mr. ElEbiary led several transactions including the acquisition and divestiture of Qena Cement (LE 700 million), project finance and divestiture of Asec Menya Cement and Asec Ready Mix (LE 1.0 billion), acquisition of Rashidy El Mizan (Undisclosed Amount), greenfield project finance (LE 1.0 billion and $130 million) and structured finance products ($25 million). Mr. ElEbiary represented Qalaa Holdings in Investor Relations and brokerage local and international conferences and was in charge of corporate governance of the Qalaa Holdings and subsidiaries' boards. As of 2016 and to-date, Mr. ElEbiary is the Chairman of the Egyptian Private Equity Association, EPEA. EPEA is an NGO that represents and serves private equity and venture capital investors and service providers to the industry in Egypt. Under his leadership, EPEA expanded its scope to include Venture Capital and expanded its educational offering, including launching the first Private Equity Diploma in collaboration with the American University and The Sovereign Fund of Egypt. Prior to that, Mr. ElEbiary was a banker with the Investment Banking Division of Merrill Lynch in New York, where he participated in Merger and Acquisition transactions, in addition to public and private financing of telecom and media companies in the US and Europe. Previously, he was Business Analysis Manager at the Corporate Finance Department of the MeadWestvaco Corporation in New York. Mr. ElEbiary also spent five years with Procter & Gamble's Finance Group, his last post was Finance Group Manager - Internal Control for Egypt, Lebanon and East Africa. Mr. ElEbiary has served on a number of board of directors such as the Egyptian Private Equity Association, currently Chairman, Renaissance Capital Egypt, Qena Cement, Zahana Cement (Algeria), Djelfa Cement (Algeria), AlTakamol Cement (Sub-Saharan Africa), ASEC Engineering, ElRashidi ElMizan and Nile River Transportation. Mr. ElEbiary holds a BA in Economics from the American University in Cairo, an MBA from Columbia University in New York and is Certified in Management Accounting. Mr. ElEbiary was awarded the American University of Cairo's Distinguished Alumni Award in 2018.

Job Titles:

• Chief Financial Officer

Mr. Ahmad FAWZY currently serves as the Chief Financial Officer at TSFE. Before joining The Sovereign Fund of Egypt in March 2020, Mr. Fawzy was the Group Chief Financial Officer in ElSewedy Industries Group. Mr. Fawzy was co-leading the corporate structure transformation from a family business model into a more established sustainable corporate structure with well-defined discipline & controls. Prior to that, Mr. Fawzy was IKEA Saudi & Bahrain Chief Financial Officer, Halwani Bros Group Chief Financial Officer in Jeddah, Finance Group Manager - Financial Planning for Middle East & Africa with Procter & Gamble's Finance Group. Mr. Fawzy holds a BA in Accounting & Business Administration from Cairo University English Section in 1995.

Job Titles:

• Chief Executive Officer
• Corporate Banker With CIB the Commercial International Bank

Mr. Elhamy has 18 years of collective experience in the fields of Tourism, Hospitality projects development & Real Estate Development, Commercial, and Investment Banking. In his early career life Elhamy has worked as a corporate banker with CIB The Commercial International Bank, Intesa San Paolo Bank of Alexandria specializing in Hotel Development project finance, Petroleum & Automotive sectors, afterwards he served as Vice President for Investment Banking at Dela Rasmala a JV between Deutsche bank, The Saudi American Bank & Delta Capital. Afterwards Mr. Elhamy served as the CEO For The Sixth of October for Touristic Development Company for 11 years and Sat on the board of Dreamland For Real-state Development company, where he lead the turnaround and transformation story of a group comprising of 5 hotels ranging between City 5 star hotels & Sea front resorts where he applied years of Financial and industry experience to achieve the group's profitability targets & Expansion goals.

Job Titles:

• Chief Executive Officer

Mr. Ayman Soliman currently holds the position of Chief Executive Officer of TSFE. Prior to joining TSFE, Mr. Soliman was the CEO of Gemini Holding. During his tenure at Gemini, he led multiple merger and acquisition transactions for the Gemini group, as well as startups and greenfield, to build a diversified portfolio of assets in technology, food, fashion, agroindustry, energy, financial services and fintech, media and real estate. Before joining Gemini Mr. Soliman headed Orascom Telecom Holding's corporate strategy team where he spearheaded the formulation of the business development and growth strategy for the company. Mr. Soliman served as a board member of a wide range of companies with various capacities inclusive of Orascom Investment Holding, Beltone Financial, Lamancha Holding (Gold mining), Euronews plc, RiverBank (SME Banks in Europe), Auerbach Grayson (USA), Texegy (Oil & Gas USA), Ora Developers BV (Real estate), Nile Sugar Co (Egypt), and Ezdehar Fund. Mr. Soliman holds an MSc. degree in International Business and Finance and a BSc. degree in Economics with a Minor in Computer Science, both from the American University in Cairo.

Job Titles:

• Chief Financial Officer

Mr. Fady Anwar currently serves as the Chief Financial Officer at TSFE. Mr. Fady brings experience of 25 years in Egypt and the UAE in supporting local and multinational entities to strategically achieve its financial and operational objectives, strengthening its corporate governance structures and practices, and as well compliance and fraud risk management measures.

Job Titles:

• Independent Board Member

Mr. Hassan EL KHATIB is currently the Managing Director, Equity at the European Bank for Reconstruction and Development. Prior to his current position, Mr. Hassan El Khatib held multiple positions, as Director of the Southern Eastern Mediterranean Region, Industry Commerce and Agribusiness at EBRD, as chairman of the Egyptian Tourism Development Company, Oberoi Sahl Hasheesh Hotel Company and The Egyptian Touristic Company, and as Senior Advisor to the Carlyle Group MENA Fund focusing on North Africa. Mr. El Khatib had served as board member in numerous boards that cover insurance, industry, pharmaceutical, tourism, real estate, oil and gas, telecommunication, and textiles. Mr. El Khatib is an expert at all stages of direct investments including fundraising, investing, value creation and notably exit realization.

Job Titles:

• Independent General Assembly Member

Mr. Okasha's banking career spans over 26 years. He joined National Bank of Egypt since April 2008 as Deputy Chairman. He was held responsible for the restructuring of the bank as part of the country's financial sector reform plan. Prior to that, he was heading the Off- site Supervision at the Central Bank of Egypt after 15 years of private commercial banking experience. He also serves as a member on the board of the Egyptian Banking Federation and a number of financial subsidiaries of the Bank in Europe and Africa. Mr. Okasha holds an Economics and Computer Science degree from the American University in Cairo and master's degree in public administration from the same university, with a diploma from the Harvard Institute for International Development.

Job Titles:

• Chief Executive Officer
• Chief Investment Officer

Mr. Hisham has been appointed as Chief Investment Officer as of August 2023. He also serves as the Chief Executive Officer of TSFE TSFE Healthcare & Pharma Subfund. During his 20 years of experience leading to this role, Mr. Hisham has provided a record of achievement in senior management positions, as a Managing Partner at Alpha Square Partners and earlier as Managing Director at the Abraaj Group for a total of 10 years, investing in healthcare businesses across Middle East, Africa and Indian Subcontinent. He also has an impressive record in investment banking working at HSBC Dubai, KPMG-Doha, and Okaz Investments. Mr. Hisham holds a bachelor's degree in Accounting and Finance, 2000. He also holds the CFA Charter holder, 2003.

Job Titles:

• Instructor at AUC
• Investment Banker
• President General Authority for Investment & Free Zones.

Mr. Hossam Heiba is an experienced investment banker and direct investment professional with more than 32 years of experience of which 25 years management experience in setting up, managing, negotiating and enhancing direct investments in more than 15 different sectors and industries with international practice standards that involved undertaking different tasks that varied between managing investment companies and assuming operating roles, restructuring activities and companies, developing and executing workable business plans, initiating and developing start up projects and companies in the various sectors and countries. Mr. Heiba assumed several roles in various high profile companies and institutions such as Banking in Misr Iran Investment Bank, Management consultation in Coopers & Lybrand Management Consulting (currently PwC), Government Agencies in the Public Enterprise Office (PEO) - The Privatization Agency of Egypt, Direct investments & Asset Management in Al Ahly for Development & Investment (ADI), Venture Capital as CEO of Investia Venture Capital, Private Equity as Vice President of Egypt Kuwait Holding Co. (Al Kharafi Group) for Energy, Family Office as CIO in Energya Holding (DIFC), Advisory services as Managing Partner of Orbis Capital and Investment, Private Equity as Senior Partner in Beltone Private Equity as well as the Chief Investment Officer of ADI and the Fund Manager of both Bedaya SME Fund & Papyrus Tourism Fund, Non-banking Financial services as the CEO of Basata for SME & Microfinance. During his years of experience, Mr. Heiba has restructured, solicited & raised finances, conducted equity and debt underwriting through introducing new strategic investors or IPO's as well as provided investment consulting and advisory services, structuring and concluding corporate finance deals through dealing with various financial institutions such as international banks, multilateral institutions, as well as the World Bank; in addition to multinational and regional firms serving in more than 20 various sectors. In addition to managing companies' operations in ICT, F&B, NBFS, Power Generation, Direct Investment & VC Companies Mr. Heiba was represented as a director/Chairman in several boards of companies such as Post for Investment (PFI) as Vice Chairman & Head of Investment Committee, Holdi Pharma as member in board investment committee, Chairman of El Nasr for Chemical Pharmaceutical Industries, Egyptian Pharma Distribution & Trading Co, EMRC, in addition to previous representations in more than 36 companies operating in Natural Gas Distribution, Venture Capital, Packaging, Tourism, FMCG, Power Generation, District Cooling, Asset Management, F&B, Retail, Engineering Ind., Insurance, Food Ind. Hossam attended several conferences, seminars and roundtables as guest speaker in Egypt and the region as well as being a anchor host for "Money Talks" radio live and podcast show on Cairo Business Radio in addition to being a guest in several TV business shows. Mr. Heiba is an instructor at AUC - Quest Consulting - EPEA - ECMA - RITI Hossam completed MBA courses in International Business from Maastricht School of Management - Netherlands in 2000 after gaining his BA in Economics from the American University in Cairo in 1988.

Job Titles:

• Managing Director
• Board Member of Edita Food Industries
• Independent General Assembly Member

Mr. Hussein CHOUCRI is currently the Chairman and Managing Director of HC Securities & Investment. Starting his career at Morgan Stanley in 1980 and rising through the ranks Mr. Choucri became Managing director by 1987, and the Advisory Director by 2006. Mr. Choucri is a Board Member of Edita Food Industries, Integrated Diagnostics Holdings (IDH), and Fawry. He also served on the boards of Six of October Development & Investment (SODIC), the Egyptian British Business Council (EBBC), Egyptian Financial Supervisory Authority (EFSA), The Egyptian Stock Exchange (EGX), Banque Misr, Housing & Development Bank, and The Egyptian Greek Business Council. He received a Management Diploma from the American University in Cairo in 1978 and his B.A. from the Faculty of Commerce, Ain Shams University in 1972.

Job Titles:

• Chief Human Resources Officer
• Chief Human Resources Officer & CEO Education, Food & Agriculture.

Mr. Ihab Rizk currently serves as the Chief Human Resources Officer at TSFE Mr. Rizk also plays an investment role as CEO Education, Food & Agriculture. Previously, Ihab Rizk was the Head of Human Resources at Qalaa Holdings, an African leader in energy and infrastructure for fourteen years. Prior to joining Qalaa Holdings, Mr. Rizk was Human Resource Manager and later Commercial Manager at Fayrouz International, a subsidiary of Heineken International. He has also previously held positions as Senior Recruitment and Retention Specialist for LINKdotNET (LDN) and in Customer Operations at Shell Marketing. Mr. Rizk holds a BA in Economics & Business Administration and an MBA from the American University in Cairo and has been a fellow of the Chartered Institute of Personnel and Development (CIPD) since 2012. While still a student, Mr. Rizk was founder and first president of the International Conference on Global Economy (ICGE), the largest national student conference on economics and the first of its kind in Egypt.

Job Titles:

• General Counsel

Mr. Mohmoud Moharram currently serves as the General Counsel of TSFE. Mr. Moharram has more than 17 years of experience with some of Egypt's and the region's key companies including advising on several major projects and transactions across several industries in Egypt, Africa, the MENA region, and globally. Mr. Moharram has significant experience in the fields of construction, energy, infrastructure, project finance, mergers and acquisitions, technology, media, and telecommunications (TMT) and complex corporate litigation. Before joining the Sovereign Fund of Egypt, Mr. Moharram's served as Partner at Youssef and Partners, Founding Partner at Moharram Law Firm, General Counsel at Egypt Kuwait Holding Company, General Counsel at Orascom Construction, Public Prosecutor and Junior Associate at AMMH Law Firm. Mr. Moharram holds Bachelor of Laws, Law School English Section, Cairo University, an LLM from Northwestern School of Law in Chicago and a certificate in Business Administration from IE Business School in Madrid.

Job Titles:

• Independent Board Member
• FAYED Currently Serves As CEO of First Abu Dhabi Bank in Egypt

Mr. Mohamed Abbas FAYED currently serves as CEO of First Abu Dhabi Bank in Egypt. Mr. Fayed worked for 19 years in the corporate banking field with a wide experience in project finance, syndicated loans, acquisition finance, corporate bonds, securitization, restructuring, and Islamic finance. During those 19 years, Mr. Fayed worked with Banque Misr, Misr International Bank before merging in National Societe General Bank "NSGB", Bank Audi. In addition to his notable career, Mr. Fayed also possessed the positions of chairman/member in several senior committees. Positions such as, Chairman for Bank Misr Europe - Germany, Board Member in Bank Misr Liban, Member at the Canadian Chamber for commerce, and Board member in the internal domestic trade association

Job Titles:

• General Counsel

Job Titles:

• Independent Board Member
• Chief Executive Officer and Managing Director of EGBANK

Nidal El-Kassem Assar is the chief executive officer and managing director of EGBANK. His appointment in 2015 came with a mandate to restructure the bank's business model and approach and lead its operations. Less than five years later, EGBANK became one of Egypt's major banking institutions, according to various ratings and rankings, with a unique blend of regional investors from Egypt and the gulf as both Saudi and Kuwaiti's own 40% of the bank shares. In less than a year of his appointment, Assar managed to implement a clearly defined bank-wide strategy, propelling EGBANK towards rapid growth that spoke to the soundness of his vision. His leadership led to EGBANK quadrupling its total assets, expanding its client base, increasing profits, hiring more staff; all of which led to EGBANK's acquisition of a wider share of the Egyptian market.

Job Titles:

• Deputy CBE Governor
• General Assembly Member

Since joining, he oversaw the prudent management of the CBE's foreign reserves, ensuring compliance with the stringent investment guidelines. He also spearheaded negotiations with financial institutions and other central banks, to attract foreign investments into the Egyptian market. Aboul Naga led the discussions with credit rating agencies in their quest to determine Egypt's credit profile. He was entrusted with the Egyptian foreign exchange market's management to monitor its activities and further its development. Not only, but he was responsible for supervising the local money and capital markets, as well as developing their infrastructure to promote their efficiency. As Head of the Monetary Policy Implementation Unit, Aboul Naga managed the implementation of the monetary policy, mainly through modeling and forecasting future liquidity conditions in the Egyptian banking sector. Aboul Naga has more than 18 years of experience in the banking sector. Prior to his time at the CBE, he worked in the Treasury department of the Commercial International Bank. He is a graduate of the American University in Cairo, with a bachelor's degree in Business Administration and a minor in Economics and holds a Master of Science degree in Finance from City University, UK.

Job Titles:

• Board Member of the General Authority for Investments
• Vice Chairman of Federation of Egyptian Industries

Mr. Tarek TAWFIK currently serves as the Vice Chairman of Federation of Egyptian Industries. He is also the President of the American Chamber of Commerce in Egypt and Deputy Chairman of Egyptian Center for Economic Studies (RCES) Mr. Tawfik also holds the position of First Vice President of the Federation of Mediterranean Business Organization (BUSINESSMED) Mr. Tawfik is a Tawfik is a Board Member of the General Authority for Investments and Free Zones (GAFI), Egyptian Countryside Development Company, the Egyptian food safety authority, the Chamber of Food Industries, Agricultural Bank of Egypt, Industrial Modernization Center-Ministry of Foreign Trade & Industry, Egyptian Poultry Federation, The Holding Company for Cotton, Spinning, Weaving & Garment, Member of the Prime Minister's Economic Advisor Council Mr. Tawfik holds a bachelor's degree in civil engineering at Cairo University, a Master of Engineering from California Polytechnic State University, and an MBA degree from San Francisco State University.

Job Titles:

• Representative of Ministry Investment

Mr. Gamaleldien brings over 25 years of experience within the spectrum of Investment Management/Banking/Real Estate and financial markets in addition to the Egyptian public sector. In August 2022, Gamaleldien was appointed as Chairman of the Suez Canal Economic Zone after serving previously from Jan 2020 as the CEO and from May 2022 as Vice Chairman for Investment & Promotion of the zone. Prior to joining SCZone, he assumed several roles within private sector companies and banks in the United Arab Emirates for over 16 years. Before that, he held several posts within the Egyptian Banking sector and at the Ministry of Economy & Foreign Trade. Gamaleldien served also on the BOD of several companies within the MENA & EU regions. He holds a Master of Science in Financial Engineering & Quantitative Analysis from ICMA Centre - Henley Business School, University of Reading, United Kingdom and a Bachelor of Commerce - Faculty of Commerce at Ain Shams University.

Job Titles:

• Member of the Association of Graduates

Job Titles:

• Independent Board Member

Mrs. Hilal is the former Deputy Governor of the Central Bank of Egypt (2011-2013, 2015-2019), responsible for Monetary Stability, becoming the first female to assume this position in the history of the Central Bank of Egypt. Her responsibilities covered Monetary Policy, Reserve Management and Markets, External Relations, Research, Information Technology and Payment Systems, Banking Operation and Banking Sector Reform. In 2016, Mrs. Hilal spearheaded the efforts of developing and implementing the comprehensive, ambitious Homegrown Monetary and Economic Reform program which was successfully concluded in June 2019. This program consisted of front-loaded fiscal and monetary policy adjustments along with structural reforms aimed at putting the Egyptian economy on a sustainable path. At the epicenter of the program was the liberalization of the foreign exchange regime and the beginning of the transition to an inflation targeting regime by modernizing Central of Egypt's tools and framework. Mrs Hilal first joined the Central Bank in 2004 to develop and execute a full-fledged two phased Banking Sector Reform Program that was instrumental in safeguarding the Egyptian banking sector and the economy from the negative impact of the Global Financial Crisis of 2008. Prior to joining the Central Bank Mrs. Hilal was the Executive Director at EFG - Hermes Investment Banking responsible for M&A transactions and fixed income instruments. Aside from representing the Central Bank of Egypt in several local and international institutions in her capacity as Deputy Governor, Mrs. Hilal was chosen as an independent expert non-executive Chairman of the Credit Guarantee Company as well as expert non-executive Board Member of Nasser Social Bank, National Investment Bank, the Mortgage Subsidy and Guarantee Fund and the Social Housing Fund. She was also non-executive Chairman of the Egyptian Mortgage Refinance Company.

Job Titles:

• EL SHARKAWY Currently Serves As Assistant Minister of Finance for Economic Affairs
• Representative of Ministry of Finance

Mrs. El Sharkawy started her career as Manager, Credit Department, at Commercial International Bank. She later moved to the position of Director & Head of Direct Investment. After her tenure at CIB, Mrs. El Sharkawy became Senior General Manager at Concord International Investments, then Senior General Manager of Corporate Finance at Ahli United Bank. The last position Mrs. El Sharkawy took was Head of Investment Banking at NI Capital. Mrs. El Sharkawy is a Member of the Association of Graduates from British University in Egypt, Member of the German Arab Chamber of Industry and Commerce in Egypt and Member of the Egyptian junior Businessmen Association in Egypt. Mrs. Sherine El Sharkawy holds a BA degree in Economics from The American University in Cairo (AUC), Egypt and an M.A. in Finance and Investment from the University of Exeter, United Kingdom.

Job Titles:

• Independent Board Member
• President of Egypt to the Egyptian Parliament

Neveen has 40 years of financial and business experience. Graduating from faculty of Economics & Political Science Cairo University in 1980 and holds diplomas from Harvard Business School and London Business School. Neveen commenced her career in 1980 as a corporate banker with the Chase Manhattan Bank's Egyptian JV (now CIB) and as of 1992 commenced her journey as serial entrepreneur establishing numerous ventures in the financial sector. Neveen was the first elected woman to sit on the Board of the Egyptian Stock Exchange fin 1997, and a long list of firsts as a women board member. Over the past 25 years held board representation on numerous Public, Private and NGOs companies; mostly at turnaround or infrastructure build-up phase. As of 2022 alongside running her own established businesses in managing SME's in different forms (Delta's), some of the boards she sits on other than The Sovereign Fund of Egypt are; Orange Egypt, Hassan Allam Holding, CICapital BMLeasing, AUC Business School Strategic Advisory Board and MENARC Harvard Business School Mena Research Center among others. In 2021 Neveen was appointed by the President of Egypt to the Egyptian Parliament (lower house) for the period to 2026. She was numerously named and ranked on various platforms as one of the leading businesswomen in the Arab world winning many awards.

Job Titles:

• Chief
• Chief of Strategy & Business Development Officer

Ms. Noha Khalil currently serves as Chief of Strategy & Business Development Officer at TSFE. Ms. Khalil held the position of Chief Investor Relation Officer at TSFE from 2020 to 2022. Ms. Khalil's previous position was Co-Founder and Vice President at Accelero Capital, an investment and management group based on telecommunications, digital media, and technology (TMT). During her tenure at Accelero, Mrs. Khalil played a pivotal role in turning around public and private companies, restoring growth and profitability in markets across the Middle East, Europe and North America. Prior to joining Accelero Capital, Noha was Investor Relations Director of Orascom Telecom Holding S.A.E. and Deputy Group Director Investor Relations of VimpelCom Ltd. She was also Vice-President for Pharos Investment Banking, S.A.E., Financial Manager of LINKdotNET, and Online Trading Manager at ArabFinance. Ms. Noha is the recipient of the Middle East Investor Relations Society Award for Best Company Representative. She holds a Bachelor of Commerce from McGill University.

Job Titles:

• Chief Strategy Officer

Working well over 25 years, Mrs. ELDESOKI has pursued a career in policy work and economic and investment research at key organizations. She held senior positions at reputable institutions including the US Embassy in Cairo, EFG-Hermes, Beltone Financial, the Egyptian Ministry of Trade and Industry and regional investment bank Arqaam Capital. She worked with foreign investment firms and international financial institutions, like the World Bank and IMF, Egyptian and foreign Ministers and government officials, private and public sector figures, academia, donor agencies and the media in its different forms in Egypt and the MENA region. Mrs ElDesoki has published numerous analytical reports on the economies and sectors of most of the MENA countries, in addition to working on economic reform programs with public, private and international institutions. Since 2015, Ms ElDesoki focused on policy work, including setting up with a distinguished technical group the Egypt Economic Development Conference (EEDC) in Sharm El Sheikh which presented Egypt as an investment destination with various opportunities, and worked on various projects bridging the gap between government and the private sector and pushing the boundaries of economic reform policies. In 2018, Ms ElDesoki worked with the Ministry of Planning in Egypt to create Egypt's first sovereign wealth fund, handling its technical, legal and investment aspects, to set up a world class sovereign fund that is making its mark in Egypt and taking its place among the world's largest sovereign funds. Benchmarked against international standards, the Sovereign Fund of Egypt aims to attract investment to the Egyptian economy through value accretive alliances and creating new investment opportunities. As the Chief Strategy Officer at the Fund, Ms ElDesoki is helping position the TSFE as a world class sovereign fund, create new opportunities and an environment in government and the private sector that attracts and fosters private investment as the engine of growth and sustainability in Egypt. Mrs. ElDesoki holds a Masters of Arts in International Economics from the American University in Cairo (AUC) and a Bachelor's degree in Economics from Cairo University.

Tarek Kabil is former minister of trade and industry for Egypt from Sep 2015 to Aug 2018. He was a major player in the economic reforms program and led the industrial production growth to be the highest in the world in 2017. He reduced trade deficit by 20bn $ (35%) in two years and boost export by more than 15% annually. He created important new institutions to regulate Trade and industry and fuel the growth in Egypt. previously he was a partner in Abraaj capital and the head of the Abraaj Performance Acceleration Group, where he leads more than 40 Partner Company for The Abraaj Group's businesses in the MENA region and all FMCG's companies around the globe. Previously, Mr Kabil held leadership positions in PepsiCo for 18 years, most recently the president of PepsiCo International for the Middle East and Africa region. Tarek is a seasoned and experienced executive who joined PepsiCo as Technical Director for Egypt and North Africa in 1994. In 1997 he assumed the role of Franchise Vice President for North East Africa. Then in 1999, he assumed the role of Chairman of the board and CEO of our newly acquired beverages business in Egypt. Tarek and his team were able in one year, to move the company from significant loss to profit and re-gain market leadership. Egypt won the Market unit of the year for PepsiCo International in 2000. Tarek's role was then expanded to include North Africa Franchise countries and in 2003, he was promoted to North Africa Business Unit General Manager and Snacks was added to his portfolio. Egypt and North Africa doubled the profit and tripled revenue in 3 years. In June 2006, Tarek was promoted to the Middle East and Africa Regional Vice president of Operations role and was instrumental in reshaping the function to drive significant productivity gains, develop the region strategy to change its product portfolio and staffing all new roles with a team capable of supporting PepsiCo's future growth and innovation strategies. In 2007, Tarek was promoted to president for Middle East and Africa region (MEA). MEA is again one of the largest regions in PepsiCo ( $ 7.0Bn in retail value) , present in over 43 countries and consist of 15000 people. Prior to PepsiCo, Tarek worked for 12 years in Procter and Gamble in USA, Saudi Arabia and Egypt. He started in early 1983 in Albany Georgia as a mechanical engineer for the paper business. In the end of 1984, he moved to Jeddah Saudi Arabia and led the start up of P&G paper business in GCC. He moved up the ladder to Maintenance Department Manager, then Operations Group Manager. In 1987, he won the P&G world-class manufacturing award for best performance. In 1992, he moved to Egypt as plant manager then was promoted to product supply director. From 1979 to 1983, Tarek worked for Arab petroleum pipelines company (SUMED) as Mechanical engineer. Tarek is a graduate of Alexandria University in Egypt in 1979 and holds a Bachelor of Science degree in Mechanical Engineering. He is married and has two boys.

Job Titles:

• Consultant
• Engineer

Y. Zaki served as a board member of the National Postal Authority, the British Egyptian Business Association (BEBA), Magdi Yacoub Foundation and the Egyptian-British Chamber of Commerce and other Private Sector Enterprises.