NEWS

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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