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NI Capital and Ayady Launch Creative Media Ventures “Ebda3” to Invest in Media and Media Technology

By | Investment Management

Ayady for Investment and Development and NI Capital, the investment arm of the National Investment Bank and investment Manager of Ayady, have established Creative Media Ventures (Ebda3) LLC, a media technology fund, with 250 million Egyptian Pounds as seed capital. The company will invest in the digital and media tech sector as well as traditional media to enhance Egypt’s position in the media.

Creative Media Ventures aims to invest in the media sector in order to develop the sector and contribute to increasing the economic returns of media sector in the national GDP.” said Osama Saleh, Chairman of Ayady for Investment and Development. He added that the introduction of technology to the sector and investment in its pioneers will restore Egypt’s position in the media to its previous glory.

Creative Media Ventures will focus on investing in emerging and fast-growing companies in the technology media sector, which has significant growth opportunities in line with the global trend of investments.” said Ashraf Ghazaly, CEO and Managing Director of NI Capital.

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NI Capital and Ayady Award The Creative Media Ventures “Ebda3” $10,000 prize at El Gouna Film Festival (GFF)

By | Investment Management

NI Capital and Ayady awarded Egyptian film Abu Zaabal 1988 the Creative Media Ventures “Ebda3” $10,000 prize at the CineGouna Springboard awards ceremony at El Gouna Film Festival (GFF). Ebda3 is a $14m Ayady media venture capital fund managed by NI Capital with a primary focus on investing in media and media tech startups and fast-growing businesses.

 

NI Capital Signs with the Ministry of Military Production to Restructure Helwan Engineering Industries Company (Factory 99)

By | NI Consulting

NI Capital signed an agreement with the Ministry of Military Production to restructure Helwan Engineering Industries Company (Factory 99). The scope of work includes the company’s capital structure, organizational structure and operating model. Minister of Planning, Follow up and Administrative Reform and Minister of Military Production attended the signing ceremony with representatives from NI Capital and Helwan Engineering Industries Company.

NI Capital, Ayady and Post for Investments Launch Tamweely for Microfinance

By | Investment Management

Ayady for Investment and Development, NI Capital, the investment arm of the National Investment Bank, and Post for Investments have joined forces to establish Tamweely for Microfinance with an issued capital of EGP 50mn and an authorized capital of EGP 500mn. Tamweely for Microfinance offers full-fledged financial products and services backed by technology solutions to channel finance to individuals and micro-enterprises, thus promoting financial inclusion and contributing to job creation in line with Egypt’s Vision 2030.

Taweely for Microfinance is led by a strong group of renowned board members comprised of shareholder representatives and independent members. Independent board members include Amr Abo El Azm, Board Member at SME Development Authority and The International Council for Small Business (ICSB), Moataz El Tabaa, Ex Chairman of the Egyptian and the Global Microfinance Network, and Ayman Ismail, Founder of AUC Venture Lab, and Chairman of a financial technology company. These members bring extensive experience in the fields of microfinance, banking, social impact and financial technology to the company.

Ayady for Investment and Development Chairman, Ossama Saleh said, “Taweely for Microfinance aims to support and finance high potential micro-business prospects with a focus on upper Egypt and delta. Tamweely is a promising addition to Ayady’s investment portfolio aiming to invest in economically viable projects which have developmental impact on job creation, access to finance and financial inclusion”

NI Capital Chief Executive Officer and Managing Director, Ashraf Ghazaly said, “Tamweely for Microfinance is an important milestone in our non-banking financial services platform. We are committed to providing and developing finance and capital channels with an aim to support the growth and development of the Egyptian economy.”

Post for Investment (PFI) Chief Executive Officer said, “Post for Investment is one of the most important investment arms of the Egyptian Postal Authority and we are keen to optimize the usage of our wide spread unique modeling network of geographic distribution post offices in Egypt to bring Tamweely for Microfinance to the largest number of clients and beneficiaries with ease especially in the Delta and Upper Egypt.”

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Launch of Egypt’s Government IPO Program: The Ministry of Investment and International Cooperation, The Ministry of Petroleum and Mineral Resources and NI Capital Announce CI Capital Investment Banking, Jefferies International Limited and Emirates NBD Capital Limited as ENPPI’s Winning Consortium

By | Investment Banking Advisory

The Ministry of Investment and International Cooperation, the Ministry of Petroleum and Mineral Resources and NI Capital announced today that the consortium led by CI Capital, comprising of Jefferies International Limited and Emirates NBD Capital Limited was declared winner and its members to act as lead managers and bookrunners for the potential ENPPI IPO. The Ministry of Investment and International Cooperation along with the Ministry of Petroleum and Mineral Resources are eager to see this transaction succeed, affording it all the support it merits.

The Minister of Investment and International Cooperation, H.E. Dr. Sahar Nasr said, “We are keen to see the success of this IPO Program in broadening the ownership base in state-run companies through private sector participation, offered to both retail and institutional investors in Egypt and beyond. The ENPPI IPO is only the beginning of a pipeline of state-run companies to offer minority shares publicly over the next year, while keeping majority stakes owned by the government in these enterprises, increasing the overall width and liquidity of Egypt’s’ stock market”.

Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla stated, “We believe that ENPPI is the best fitted company to inaugurate the IPO Program. ENPPI provides a good proxy to the thriving Egyptian oil and gas industry and will act as a flagship company to the government IPO program and to increase the overall sector diversification of the Egyptian stock market. The proceeds of the IPO will be efficiently utilized to expand existing and inject new investments into the oil and gas sector.”

NI Capital, the sole advisor to the government on its IPO Program, received several bids from leading investment banks and consortia looking to manage the minority sale of ENPPI’s share. NI Capital’s Chief Executive Officer and Managing Director, Ashraf Ghazaly said, “We are pleased to announce CI Capital – Jefferies International Limited – Emirates NBD Capital Limited as ENPPI’s minority share issue lead managers.”

CI Capital’s Executive Chairman & Group CEO, Mahmoud Attalla said, “Our Consortium is honored to be chosen as the first issue in the IPO Program. Our consortium members’ combined experience and capabilities will ensure the success of the IPO.”

This announcement marks the first real step in fulfilling the government’s sponsored IPO program. The IPO Program led by the Ministry of Investment and International Cooperation reflects the Government’s long term commitment to economic reform. With current economic conditions stabilizing, the IPO Program is set to draw local and foreign interest and encourage investment in multiple strategic industries and sectors with future potential for growth and prosperity as well as increasing the transparency, enhancing good governance and disclosure practices of the companies to be listed.

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