Deputy Chairman and Managing Director of The National Investment Bank

Chairman of the Board

Mr. Montasser is currently Deputy Chairperson and Managing Director of NIB, bringing with him over 40 years of banking experience. Prior to this, he held the post of Deputy Chairman of National Bank of Egypt since 2008. In 2017, he was appointed to Banque Misr’s Board of Directors. He also holds board positions on several key Egyptian companies such as Arab Contractors, National Air Navigation Services Co. and Holding Co. for Roads & Bridges. He holds a Bachelor’s in Business Administration from Ain Shams University and a Master’s in Banking from his alma mater.


Chairman of the Board of Directors of Ayady for Investment and Development Company


Mr. Osama served as Egypt’s Minister of Investment from 2012 to 2013 after having held the position of Chairman of the Egyptian Mortgage Finance Authority from 2005 to 2009. In September 2009, he was appointed Chairman of the General Authority for Investment (GAFI). He is also a Board Member of the Egyptian Financial Supervisory Authority. In addition, he served as Regional Manager of American Express Bank Ltd.


Chief Executive Officer and Managing Director

Member (Chief Executive Officer & Managing Director)

As CEO and MD of NI Capital, Ghazaly is overseeing the firm’s IPO program, aimed at reinvigorating capital markets and channeling FDI’s into the country through the rigorous selection and listing of promising state-owned entities.

He has been playing a prominent role in bridging the gap between public and private institutions, leveraging the firm’s unique global network to promote private participation and enhance the performance and profitability of these public assets, with the goal of enabling economic growth. Ghazaly also manages the firm’s investment company, Ayady for Investment and Development, partnering with private sector investors to create job opportunities across key industries, including Agriculture, Tourism, Financial Services, Industrial and Media.

Prior to joining NI Capital, Ghazaly was the CIO of Palm Hills Developments Co. (PHD), prior to which he was the Deputy Managing Director of Fleming CIIC Investment Securities (now EFG-Hermes after merger).

Ghazaly received his postgraduate degree in Corporate Finance from London Business School (LBS), and an MBA and a Bachelor of Science from California State University in 1998. He serves on the Boards and investment committees of several firms in Egypt.


Managing Director – Investment Banking

Member (Executive)

Before taking up his post as Managing Director of Investment Banking Advisory Services at NI Capital, Mr. Swellem held several positions in the finance industry. He served as EFG Hermes’ Director Corporate Finance from 2000 to 2006, Orascom Group’s Treasurer and CFO for a number of its subsidiaries as well as Palm Hills Developments’ CFO.


Deputy Chairman of Egyptian Gulf Bank

Member (Independent)

Mr. Assar currently serves as Chief Executive Officer, Managing Director, Vice Chairman and Executive Director of Egyptian Gulf Bank. Mr. Assar held the position of Director of Arab International Bank from 2013 to 2015 and served as Deputy Governor and Director of Central Bank of Egypt. He holds Master’s in Finance from a joint program at Syracuse and Harvard Universities, a Bachelor’s in Economics from The American University in Cairo and completed the Advanced Management Program for Global Executives at Wharton Business School


First Undersecretary of the National Investment Bank for investments and resources

Member (NIB)

Mrs. Mostafa has over three decades of experience in the finance industry, having been with National Investment Bank since 1987 in numerous capacity. Currently, she serves as National Investment Bank’s First Deputy, Head of Investment & Resources. She is a member on the Board of Directors of Fajr Egyptian Natural Gas Company and Arab Investment Bank. Mrs. Mostafa has previously served on the boards of Export Development Bank, Abkot Development and Tourism Company, Smart Aviation Company, e-finance Company, Mopco Company and as a member of the Interim Committee for the management of Akedma. She holds a Bachelor’s in Economics and Political Science from Cairo University.



Mr. Ahmed Saad is a finance professional with 17 years of experience in financial planning, structured finance, investment banking and auditing.

Mr. Saad served as Managing Director of NI Consulting before joining NI Capital as Chief Operating Officer. Prior to that, Mr. Saad was Chief Operating Officer at NI Capital, and before joining NI Capital he VP was of Investments in the NI Capital-managed PE firm, AYADY for Development Company, where he oversaw and managed the Company’s investment portfolio spanning tourism, leasing, industrials and finance.

Between 2000 and 2013, Mr. Saad lived in Kuwait for where he served as AVP of Debt Capital Markets with NBK Capital, one of the leading investment management firms in the MENA region, and as AVP of Structured Finance with the International Leasing & Investment Company (an affiliate of the Islamic Development Bank – KSA) before joining the National Real Estate Company, one of the largest real estate companies in the GCC as the Financial Planning & Budgeting Director. Saad has also worked with RSM-Public Accountants in Kuwait and Commercial International Bank in Egypt, the country’s largest private sector bank.

Mr. Saad holds an MBA degree from London Business School and is a Certified Public Accountant (CPA) from the California Board of Accountancy.


Investment Expert

Member (Independent)

Ms. Baligh brings 20 years of experience in investment and asset management, having most recently held the position CEO of Sigma Capital Holdings, prior to that she was CEO of Arab African Investment Holding, following her position as Head of Asset Management and Proprietary Investment at EFG Hermes. Ms. Baligh established and managed numerous mutual funds during her career, including the EFG Hermes Telecom Fund (which won the best telecom fund in the world in 2001) and the Egypt Fund (which gained the title of best mutual fund in the world in 2002 and 2005). She also holds the longest track record of any fund manager in Egypt, having been in the field since 1995.