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Corporate Communication

H.E. Dr. Hala el Said, Minister of Planning, Monitoring and Administrative Reform at NI Capital, Ayady and their portfolio companies’ booth at Cairo ICT 2019

By | Corporate Communication

Dr. Hala Al Saeed: Cairo ICT exhibition is a platform that brings together development partners from the public and private sectors

Cairo – December 2, 2019

H.E. Dr. Hala el Said, Minister of Planning, Monitoring and Administrative Reform at NI Capital, Ayady and their portfolio companies’ booth during the opening events of the Cairo ICT 2019 exhibition.

Participating companies at the booth included Damietta City Furniture Company, Enma Finance Company, and Ergo Media Ventures.

NI Capital Holding Group and Ayadi for Investment and Development are proud of their effective role in stimulating economic growth and achieving the desired development in various aspects of the Egyptian economy through their work in the areas of non-banking financial services, industrial development and media and media technology.

“We are delighted that our companies are part of the 23rd edition of Cairo ICT” said Mr. Osama Saleh, Chairman of Ayady for Investment and Development Company.

Mr. Mohamed Metwally, Managing Director and CEO of NI Capital, said, “We were honored by the visit of Dr. Hala El Said to our booth at the exhibition and we hope to establish the position and role of our companies within the National Investment Bank Group in supporting economic development.”

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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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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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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 Announces 2018 Strategy and the Appointment of New Board Members

By | Corporate Communication

NI Capital’s Board of Directors meeting was held today at the company’s headquarters in the presence of her Excellency Minister of Planning, Follow-up and Administrative Reform Dr. Hala El Said headed by Mr. Mahmoud Montaser Ibrahim, Deputy Chairman and Managing Director of The National Investment Bank, along with members of the Board of Directors.

The Board discussed the expected strategy for 2018, noting that the company continues to support the Government sponsored IPO Program under the supervision of the Ministerial Committee headed by the Ministry of Finance. NI Capital will also continue to provide technical support, management consulting and restructuring services to various entities and ministries through NI Consulting. With regards to Investment Management, Ayady for Investment and Development, managed by NI Capital, has just established Creative Media Ventures Ebda3, a media and media technology investment company which aims to develop the sector and contribute to increasing the economic returns of the media sector in the national GDP.