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Hana Amin

Mohamed Metwally New CEO for NI Capital Holding

By | Corporate Communication

The Board of Directors of NI Capital Holding – the investment arm of the National Investment Bank – announced the appointment of Mohammad Kamal Metwally as the new CEO of the company as of August 1st.

Minister of Planning, Monitoring and Administrative Reform, Dr. Hala el Said highlighted the significant contribution of financial institutions to the economic development in Egypt, pointing out that Egypt is witnessing remarkable progress as a result of the economic reform program through the effective support of the banking sector.

Mr. Metwally has been Deputy CEO of HC Securities & Investment since 2012. Prior to his work in Egypt, Metwally served as CEO of Siraj Real Estate Company in Abu Dhabi and was Head of Investment Banking at HSBC, Standard Chartered Bank in Dubai, Merrill Lynch in London, and Salomon Brothers in London and New York.

“We are pleased that Metwally has joined NI Capital Holding with his local and international experience in the field of financial advisory services and we wish him success in leading the company in the next phase,” said Mahmoud Montasser, CEO of National Investment Bank and Chairman of NI Capital Holding.

From his side Metwally said: “I am honored to assume my new position during this important phase in the Egyptian market, which is witnessing a surge supported by the positive signs of the economic reform program.”

He added that ” I expect that NI Capital will take its proper place in this promising market during the next phase.”

Mohamed Metwally has extensive experience in international and domestic institutions in the field of financial advisory for merger & acquisition, and financing through shares, bonds and bank financing.

Metwally began working in the financial sector in New York as a researcher for the real estate sector of Salomon Brothers.

Metwally holds an MBA from Columbia University in New York, where he received a fellowship.

He also holds several specialized training courses from INSEAD University in France and London Business School in England.

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Launch of the National Investment Charity Education Fund Announced in Al Ahram

By | Investment Management | No Comments

The National Investment Charity Education Fund is an investment vehicle established to create sustainable support to enhance the quality of the education system and support the education reform program currently underway by the MoE; ultimately transforming the youth for a better future.

NI Capital’s investment management arm is managing the fund; setting up its mechanics, investment strategy, and operating with a solid governance structure that administers charitable work and waqf in an institutional and professional manner.

Ayady Proud Partners of the First Startupbootcamp FinTech Accelerator Program

By | Investment Management

With the conclusion of the first Startupbootcamp FinTech Accelerator Program, it is important to look at the impact Ayady’s partnership has made on the development of the startups.

The startups that showcased their ideas at the Demo Day were:

Clix: Peer-to-peer money transfer

Compareha: Online marketplace for financial products

ElGameya: Peer-to-peer savings tool

El Zatona: Cloud-based retail management system

Fawaterak: Billing and online payment service

Neqabty: Platform for automated syndicate services

Netsahem: Fundraising platform for charities

Seventail: Open-source SaaS for local merchants

XPay: Platform and mobile app for smart, cashless communities

Youspital: Digital healthcare services platform

NI Capital is keen to support aspiring fintech innovators working inline with Ayady’s vision to create sustainable, developmental impact – financial inclusion, job creation and access to finance.

Ihab Swellem Interim CEO for NI Capital

By | Corporate Communication

NI Capital Holding announces today Mr. Ihab Swellem as Interim CEO for the company succeeding Mr. Ashraf Ghazaly. Mr. Swellem previously held the position of Managing Director of Investment Banking and Advisory Services.

Mr. Swellem commented on the announcement, “It is an honor to head NI Capital at this important stage.” adding that, “I am committed to fulfilling NI Capital’s role and to capitalizing on the extensive expertise and unique insights of our teams to create value across all sectors of the Egyptian economy.”

Mr. Swellem stated, “The entire company is appreciative of Ghazaly’s work and efforts over the past five years, as a Founder, Board Member and one of the key drivers to the development of NI Capital Holding and its subsidiaries.”

Mr. Ghazaly said “It was a privilege to serve at NI Capital and I am proud of the progress the whole team has made thus far in realizing the company’s full potential. I’d like to thank the Board and all relevant Ministries and Government bodies for their continuous support and patronage.”

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Ayady Partners with Startupbootcamp to Bring the First of its Kind FinTech Accelerator Program to Cairo

By | Investment Management

Ayady for Investment and Development partners with Startupbootcamp to bring to Cairo the world’s best FinTech accelerator. Vice President of Private Equity at NI Capital, Aly Tawfik shared Ayady Egypt‘s vision for sustainable development at Startupbootcamp‘s launch event among a group of renowned program partners and participating startups.

“Ayady is a firm believer of the potential FinTech holds to change the entire dynamic of the non-banking financial services industry. We are keen to empower entrepreneurs to develop their ideas to ultimately shape the ecosystem in which we all operate. Our support of this one of a kind accelerator program in Cairo asserts our commitment to promoting sustainable development goals including financial inclusion, access to finance and job creation.”

Ayady Egypt is one of a number of industry giants, partners to SBC Cairo FINTECH Program, including the International Finance Corporation (IFC), Pharos Holding for Financial Investments, ALEXBANK, German Agency for International Cooperation and Sustainable Development (GIZ), Visa, Sanad’s Entrepreneurship Academy, and Export Development Bank Of Egypt (EBE).

NI Capital Hosts an Awards Ceremony for Winners of The International Finance Magazine Awards 2018 Under the Auspices of The Ministry of Planning, Monitoring and Administrative Reform

By | Corporate Communication

With the honored presence and under the auspices of H.E. Dr. Hala el Said, Minister of Planning, Monitoring & Administrative Reform, NI Capital hosted award ceremony to acknowledge winners of The International Finance Magazine Awards for their internationally recognized contribution to the development and acceleration of the financial services sector in Egypt.

The award ceremony brought together the highest officials from the Ministry of Planning, NI Capital’s management and board, its portfolio companies and winning entities – Al Ahli Bank of Kuwait, Bayt El Khebra Group, QNB Al Ahli, Pharos Holding for Financial Investments, CI Capital Holding, Banque Misr and Emirates NBD.

NI Capital – Financial Advisor to PETRONAS Lubricants International on JV with Misr Petroleum Co.

By | Investment Banking Advisory

NI Capital, acted as financial advisor to PETRONAS Lubricants International on the first of its kind transaction to establish a 50:50 Joint Venture “JV” with Misr Petroleum Co., for the sales and marketing of lubricants in the local and export markets.

The JV will leverage the best of both worlds; technology and R&D from internationally acclaimed PLI together with the local industry insights and knowledge of MP to further elevate the Egyptian market.

The signing ceremony for the JVA took place during EGYPS conference in the presence of his excellency Eng. Tarek El Molla Minister of Petroleum and Mineral Resources, representatives from both sides of the Joint Venture, The Egyptian General Petroleum Corporation (EGPC) along with NI Capital present as financial advisor and Shalakany as local legal counsel to PETRONAS on the transaction.

NI Capital Emerges as “Fastest Growing Investment Banking Advisory Firm – 2018” Awarded by International Finance Magazine

By | Investment Banking Advisory

CEO & MD: NI Capital, bridging the gap between the private and public sectors

NI Capital wins “Fastest Growing Investment Banking Advisory Firm” by International Finance Magazine in its Financial Awards Category for 2018.  International Finance is a premium financial and business analysis magazine, published by UK’s International Finance Publications Ltd.

Mr. Ashraf Ghazaly, CEO & MD at NI Capital Holding commented on the win noting, “Since its establishment, NI Capital has been dynamically growing its role in the Egyptian economy working towards bridging the gap between the private and public sectors.” he continued, “Our Investment Banking division has made rapid strides in the field; propelling the Government sponsored IPO Program and contributing to the progress of the greater reform program set for the country.”

Mr. Ihab Swellem, Managing Director of Investment Banking Advisory Services at NI Capital said, “We are very honored to be recognized by the renowned International Finance Magazine.” He went on to say, “NI Capital has been working determinedly with the strong support of the Government of Egypt and the backing of a multitude of private sector business partners to drive greater impact and ensure the IPO Program achieves its set objectives.”

NI Capital’s investment banking arm will continue to source deals from both the private and public sectors, leveraging its access to public assets to provide new lucrative investment opportunities designed to spur growth in Egypt’s capital markets and increase exposure to new sectors. NI Capital acts as an independent catalyst for promoting public-private cooperation and attracting both domestic and foreign expertise to add value through promoting sustainable economic and social development across Egypt.

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