Ashraf Ghazaly is a senior investment banking expert, with a proven track record and wealth of knowledge in corporate finance, including the management of IPOs, Private Placements and Mergers & Acquisitions. He joined NI Capital in 2015, bringing in over 20 years of capital markets leadership, transaction expertise and executive management experience.
As CEO and Managing Director 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. During his tenure at NI Capital, Ghazaly has advised the Ministerial Economic Committee towards the commencement of two cornerstone reform projects: i) Egypt’s first Sovereign Wealth Fund; and ii) the restructuring for one of the largest public-sector bank in Egypt worth EGP 350bn (USD38bn pre-currency liberalization). He has played 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.
Since joining NI Capital, Ghazaly also managed the firm’s EGP1.3 bn private equity investment fund, including EGP 700 million for 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), a leading real estate developer, listed on the Egyptian Stock Exchange and London Stock Exchange, with an extensive portfolio spanning different development stages nationwide and one of the largest land banks in the country. At PHD, Ghazaly managed the performance of local and global assets, fundraising and partnerships, and advised the Board of Directors on strategy and growth opportunities.
Prior to PHD, Ghazaly was the Deputy Managing Director of Fleming CIIC Investment Securities (now EFGHermes after merger). He was engaged in the execution of an extensive array of transactions, consisting of domestic and cross-border privatizations, besides equity and fixed-income securities’ issuances. His responsibilities encompassed public and private placements, institutional equity sales and trading, fixed income trading and equity coverage.
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. He currently serves on the Boards and investment committees of various companies, including the Nile Radio Production Company, Ayady for Investment and Development, Ayady Misr for Industrial Development, Damietta City Furniture Company, Enmaa Leasing Company, Egypt Ventures, Egyptian Rural Development Company and Tamweely for Micro Finance.