MENA First in New York brings together some of the most distinguished people with in-depth knowledge of investment opportunities in the Middle East.


Dr. Mahmoud Mohieldin, Minister of Investment, Arab Republic of Egypt

Maged Shawky, Chairman, The Egyptian Exchange (EGX)

Aladdin Saba Chairman and Founder, Beltone Financial

Duncan Niederauer, Chief Executive Officer, NYSE Euronext

Aly El Tahry, Chairman, Beltone Financial

Karim Baghdady, Managing Director, Beltone Enclave Securities Equity Sales

Dr. Soliman El Shahmy, Head of the Libyan Stock Exchange Market

Ahmed Saleh Al Marhoon, Chief Operating Officer, Muscat Securities Market

Jalil Tarif, Chief Executive Officer, Amman Stock Exchange

Nathanael Mauclair, Managing Director Cross-Border Listings, NYSE Euronext

Maher Maksoud, Chief Executive Officer & Managing Director, SODIC

Samer Sallam, Chairman, Mathal Holding & Chief Executive Officer, Paradise Capital

Pinak Maitra , Group Chief Financial Officer, Kuwait Projects Company

Dr. Raouf Ghabbour , Chief Executive Officer, Ghabbour Auto

Amr Sheta, Vice-Chairman of the Board of Directors & Co-Chief Executive Officer, Orascom Development Holding

Dr. Alaa Arafa, Chairman of the Board & Chief Executive Officer, Arafa Holding

Hisham Ezz Al-Arab, Chairman of the Board & Chief Executive Officer, Commercial International Bank

Mohamed Kamel, Vice President, Corporate Development, Egyptian Resorts Company

Grahame Maher, Chief Executive Officer, Vodafone Qatar

Ahmed El Sewedy, Chief Executive Officer, El Sewedy Cables

Muhammad Al Agil, Chief Executive Officer, Jarir Investment and Chairman of Jarir Group

David McCormick, Treasury Under Secretary, Treasury Department (2007 – 2009)

Hassan Nouh, General Manager, Al Ezz Steel Rebars

Ibrahim Adel, Chief Communications Officer, Zain Group

Click on the names to see biographies



Dr. Mahmoud Mohieldin

Minister of Investment, Arab Republic of Egypt

Dr. Mohieldin has been Minister of Investment of the Arab Republic of Egypt since 2004. Dr. Mohieldin is a member of the General Secretariat, the Policies Secretariat and is the Co-Chairman of Economic Committee of the National Democratic Party. Dr. Mohieldin was nominated a Young Global Leader of the World Economic Forum and is a member of the Commission on Growth and Development of the World Bank.

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Maged Shawky Sourial Boulos

Chairman, The Egyptian Exchange (EGX)

Mr. Maged Shawky is the chairman of the Egyptian Exchange since July 2005, after being the Deputy for the chairman for almost a year. He had also represented the Regulator (Capital Market Authority) as a board member of the Exchange for three years. He held the position of Senior Assistant to the Minister of Economy and Foreign Trade for Securities Markets issues for around 12 years.

Mr. Shawky chairs the African Securities Exchanges Association. He vice-chairs the Federation of Euro-Asian Stock Exchanges. Mr. Shawky also serves as member of the board for the Economic Committee, National Democratic Party, Misr for Clearing Depositary & Registration. He is also a member of National Post Organization. Mr. Shawky was recently elected as a board member to the World Federation of Exchanges.

Mr. Shawky holds a Master's Degree in Financial Economics from Queen Mary University of London, United Kingdom. Authored and co-authored number of research papers on corporate governance and modeling volatility of the market, some have been published in regional and international periodicals.

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Aladdin Saba

Chief Executive Officer, Beltone Financial

Mr. Aladdin Saba, Chief Executive Officer of Beltone Financial founded the firm in 2002. Mr. Saba was a co-founder of Hermes Financial, which in 1996 became EFG-Hermes. Prior to founding Hermes he was a Senior Portfolio Manager at Kidder, Peabody & Co. Inc. in New York. Mr. Saba holds a Master’s degree in Business Administration from The Wharton School, and a further Master’s degree in Biomedical Engineering from the University of Pennsylvania. He obtained a Bachelor of Science degree in Biomedical Engineering from Cairo University.

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Duncan Niederauer

Chief Executive Officer, NYSE Euronext

Mr. Niederauer was appointed Chief Executive Officer of NYSE Euronext on December 1, 2007. He is NYSE Euronext's President, co-Chief Operating Officer and head of US Cash Markets, as well as a member of NYSE Euronext's Management Committee, positions he has held since April 2007. Prior to joining NYSE Euronext, Mr. Niederauer served as co-head of Goldman Sachs' Equities Division execution services since 2005.

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Aly El Tahry

Chairman, Beltone Financial

Aly El-Tahry is the chairman and co-founder of Beltone Financial, a regional financial services group operating in the fields of investment banking and asset management, with offices in Cairo, Dubai, New-York, Riyadh and Jeddah. In 1991, he co-founded Kidder, Peabody & Co.’s Middle-East regional office in Cairo where he was co-manager and was involved primarily in corporate finance activities such as privatizations. Aly co-founded Hermes in 1993, the largest investment bank in the Middle-East and up to the time of his departure as an executive in 1999, he managed, during two different periods, its sales and trading as well as the corporate finance divisions. In 2002, Aly co-founded Beltone Financial, which has assets under management of over 16.8 billion Egyptian pounds. Currently, Aly serves as director of two international investment funds and historically he served on the board of EFG-Hermes and the Cairo Stock Exchange. The October 1997 and September 1998 issues of Global Finance magazine named Aly as one of the 600 'World’s Most Powerful People in Finance.' Aly received his MBA from the Krannert Graduate School of Management at Purdue University, West Lafayette, Indiana, USA, in 1987. He also holds Bachelor of Science degrees in both Physics-Engineering and Mechanical Engineering from Washington & Lee University, Lexington, Virginia, USA, and Rensselaer Polytechnic Institute, Troy, New York, USA, respectively.

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Karim Baghdady

Managing Director, Beltone Enclave Securities Equity Sales

Mr. Baghdady joined Beltone Financial’s Cairo office in 2006 and has since acquired a broad knowledge of Middle Eastern markets and companies. In October 2007, he was instrumental in forming the joint venture between Beltone Financial and Enclave Capital in New York, the first dedicated Middle Eastern brokerage catering to financial institutions in the U.S.

Mr. Baghdady manages the institutional sales desk and oversees the distribution of Beltone research. Previously, Mr. Baghdady spent ten years at the New York Stock Exchange (NYSE) where, in 2002, he became a member of the NYSE working as a trader for the direct access firm Mogavero, Lee & Co. representing multi-billion dollar institutional clients. He is experienced in long/short, corporate repurchase, risk/arbitrage and capital commitment.

Mr. Baghdady obtained a BA in Finance from Rutgers University and is a licensed registered representative.

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Dr. Soliman El Shahmy

Head of the Libyan Stock Exchange Market

Mr. Alshahomy was responsible for founding the Libyan Stock Market (LSM) in June, 2006 while serving as advisor to the Economic Secretary in the General People’s Committee for Economics and Trade.
In April 2008, online trading began according to international standards, resulting in a large volume of high speed transactions on the LSM. The LSM joined the Union of Arab Stock Exchanges, the African Stock Association (ASEA), the African and Middle East Depository Agency (AMEDA) and the Association of National Numbering Agencies (ANNA).

The LSM is the cornerstone of Libya’s emergence on the road to becoming a free-market economy. Joint-stock companies are listed in accordance with international standards that require disclosure of financial accounts and relevant company activities. The LSM is committed to transparency to give comfort to managements, their staff and investors. The LSM provides information to investors, opening up a new financial services industry to banks, insurance companies, investment funds and stock brokers.

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Ahmed Saleh Al Marhoon

Chief Operating Officer, Muscat Securities Market

Master of Business Administration (MBA) (United Kingdom)
1- July 2001 - till date Director General of Muscat Securities Market
2- August 1998 till July 2001 General Manager of Financial Services Company
3 – Nov. 1986 till July 1998 Financial Controller and management team member Oman Refinery Company
4 - March 1985 till Nov. 1986 Director of Marketing - Ministry of Oil & Gas
5- Sept. 1983 till March 1985 Economic Researcher Ministry of Oil& Gas

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Jalil Tarif

Chief Executive Officer, Amman Stock Exchange

Jalil Tarif is the Chief Executive Officer of the Amman Stock Exchange (ASE), a position he has held since the creation of the ASE in March 1999. During this period the ASE has implemented electronic trading system and all of the rules and regulations required to run the ASE.

Prior to his work at the ASE, Mr. Tarif was the Deputy Director General of the Amman Financial Market (AFM) where he oversaw Jordan’s entire capital market. During his six years as Deputy Director General, Mr. Tarif assisted in writing the new securities law that implemented the three separate entities that make up Jordan’s Capital Market today. Mr. Tarif is the Chairman of NSC-Unix users Group (Countries using the French Trading System), Atos - Euro Next. Mr. Tarif is also the Chairman of the Technical Committee of the Federation of Euro-Asian Stock Exchanges ( FEAS) .

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Nathanael Mauclair

Managing Director Cross-Border Listings, NYSE Euronext

Nathanael Mauclair is located in the New York office of NYSE Euronext. He recently moved from the Paris office, where he had spent 10 years.

He has a proven track-record in attracting foreign companies to list on the NYSE Euronext's European markets. He worked on the first Spanish and Canadian deals on Alternext, and on Proventec Plc (UK), the first AIM-listed company to cross-list its shares in Paris.
Leveraging his knowledge of the European equity capital markets, he is now responsible for promoting NYSE Euronext/Alternext product offerings to North American companies seeking a listing in Europe. He was involved in the cross-listings of Anheuser Busch (April ’08) and Cliffs Natural Resources (April ’09). Nathanael holds a Masters degree in Business Sciences from the University of Birmingham, UK, and is a graduate of Clermont Business School, one of France's Grandes Ecoles.

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Maher Maksoud

Chief Executive Officer & Managing Director, SODIC

Maher Maksoud is the CEO and Managing Director of SODIC. He took over the management of SODIC in March 2006, bringing to the company his entrepreneurial spirit, vision and significant experience in the real estate market in Egypt. His mandate was to exploit the increasingly favorable Egyptian economic climate and real estate sector to turn SODIC into a major regional real estate player.

Maksoud started his career as a Director of Development at Orascom Projects and Tourist Developments (OPTD). He spent a total of eight years at OPTD culminating in his promotion to Executive Vice President in 1996 and CEO of the hotel division in 1998.

In 2001, he started his own restaurant business, becoming the Managing Partner of Delicious Inc. S.A.E. which developed Cilantro, Egypt’s market leading chain of cafés, which he sold in 2005, realizing a 2500% return on initial investment, having opened 18 outlets with a staff of 500 employees.

Maksoud holds a Masters’ degree in Economics from the London School of Economics and a Bachelor’s degree in Economics from the American University in Cairo.

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Samer Sallam

Chairman of Mathal Holding & Chief Executive Officer, Paradise Capital

Mr. Samer Sallam held a number of senior level positions along his professional life. His key accomplishments were during chairing Mathal Holding, the private equity arm of the Sallam Family, where he managed to diversify the family’s investment portfolio. He was also the CEO for Sony Egypt, turning around the company performance in a period of three years. Mr. Sallam also chaired Seasons Industries Company where he expanded its infrastructure by establishing a new plant for Ice tanks and established a trading and Distribution Company to handle the company’s entire commercial & export activities. During his management, Seasons production capacity doubled to cater for the expanding business.

During his early years of employment, Mr. Sallam was actively engaged in the acquisition of Ideal and Olympic Group’s IPO. He also took the responsibility of developing the business, creating a centralized IT & HR department.

Mr. Sallam has contributed significantly to Olympic Group’s growing business. He is currently the CEO of paradise Holding, which is fully owned by the Sallam family, with its major investments being Olympic Group, Namaa, B-tech & Mathal Holdings.

Mr. Sallam received his bachelor degree in economics from the American University in Cairo.

Mr. Sallam is a member of American Chamber of Commerce - AmCham

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Pinak Maitra

Group Chief Financial Officer, Kuwait Projects Company

Mr. Maitra joined Kuwait Project Company (KIPCO) in 1988. He was appointed Vice President/ Financial Controller in 1991 and Group Chief Financial Officer in 1996. He is a member of the Group’s risk management and strategy development team. He is also responsible for long range planning, performance analysis and budget evaluation of KIPCO Group companies. He is a Board member of Showtime, Millennium Finance Corporation and Pulsar Knowledge Centre. Prior to joining KIPCO, he worked for Arthur Young International. In 2008, he won the MENA Private Sector CFO of the Year award. Mr Maitra is a graduate of Osmania University, India.

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Dr. Raouf Ghabbour

Chief Executive Officer, Ghabbour Auto

Born in Cairo in 1953, Dr. Ghabbour graduated from the faculty of medicine Cairo University in 1976. After practicing medicine for a couple of months, Dr. Ghabbour found his passion in a completely different line of work, the trading business field. He then joined the Ghabbour Family trading business in 1977, initially establishing himself in the tires division. In 1982, he was promoted to fill the position of sales & marketing Director and in 1985 he was again promoted to managing director of the company.

In 1985, Dr. Ghabbour established his own company, which developed into the Ghabbour Group of companies under the umbrella of the holding company GB capital. The company is currently involved in the complete automotive product range assembly, distribution, and services. In addition, dealing in automotive related products such as tires and spare parts. Finally, in 2006 Ghabbour Group penetrated the passenger and cargo transport market, expecting a huge growth potential in this area.

Ghabbour Group employs over 6000 labor, operates 3 factories, and runs over 20 retail outlets and 8 service centers. The Group generates a business turnover of about 1 billion US dollars, which makes it distinctly the leader of the Egyptian Automotive.

Besides the automotive business, Dr. Ghabbour is involved in agriculture, cultivating fruits and vegetables over a surface area of 2000 acres. While developing export markets in Europe and Middle East countries, the company retails crops domestically under the Ghabbour rand through its own retail chain.

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Amr Sheta

Vice-Chairman of the Board of Directors & Co-Chief Executive Officer, Orascom Development Holding

Amr Sheta serves as executive Vice-Chairman of the Board of Directors and Co-CEO. He also serves as a member of the boards of a number of subsidiary companies of the Orascom Development Group.

Mr. Sheta has 19 years of experience in corporate as well as investment banking with an emphasis on private equity. He started his career at Chase National Bank Egypt in 1989 and was promoted to manager of the credit department in 1993. In 1996, he was involved in setting-up the bank’s investment banking arm, Commercial International Investment Company (CIIC). From 2000 to 2005 he ran CIIC’s proprietary private equity fund with a portfolio worth approximately CHF 350 million. Mr. Sheta has been associated with Orascom Development Group in various capacities since 1989. Since 1998 he has been a member of the board of directors of OHD, and its vice-chairman and Co-CEO since 2006. Mr. Sheta holds a Bachelor Degree in Economics and a Master Degree in Management from the American University in Cairo. He also holds a diploma in Project Appraisal and Investment Management (PAIM) from Harvard Business School.

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Dr. Alaa Arafa

Chairman of the Board & Chief Executive Officer, Arafa Holding

Mr. Alaa Arafa is Chairman of the Board, Chief Executive Officer, and a director. Mr. Alaa Arafa is Chairman of the Egyptian Garments Exporters Association, Vice Chairman of the negotiation team for the Egyptian-Israeli-U.S. Industrial Zones Agreement, a founder and a board member of Commercial International Investment Company, a leading investment bank, a founder and board member of Expolink, an exporters association, and a board member of the Egyptian Center for Economic Studies, the government’s consultant on economic reform.

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Hisham Ezz Al-Arab

Chairman of the Board & Chief Executive Officer, Commercial International Bank

Hisham Ezz AI-Arab has successfully directed the Commercial International Bank (Egypt) (CIB) to become Egypt's most profitable financial institution. Since joining CIB in April 1999 as Deputy Managing Director, Mr. Ezz AI Arab's vision has been key in transforming CIB from a niche corporate bank to Egypt's leading financial services group that caters to retail, business and corporate customers through numerous internal strategic business units and five strategic subsidiaries. His efforts were instrumental in aligning the bank's corporate governance with international standards.

Since his nomination as the Chairman and Managing Director of CIB in September 2002, Mr. Ezz AI-Arab has accelerated CIB's strategic progress to become the highest-ranking bank in Egypt and receive a host of international awards and recognition from the world's most reputable financial institutions, including the "Best Bank Award" from Euromoney and Global Finance in addition to the highest credit rating for an Egyptian firm from Standard and Poor's and the Corporate Governance Award 2008 from Cairo & Alexandria Stock Exchange.

Prior to Joining CIB, Mr. Ezz AI-Arab has led a distinguished international banking career as Managing Director in international investment banks in London (Deutsche Bank, JP Morgan and Merrill Lynch), Bahrain, New York and Cairo.

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Mohamed Kamel

Vice President – Corporate Development - Egyptian Resort Company

Born in Egypt, 1978.
BA in Economics, the American University in Cairo, 1999.
MBA, Harvard Business School, 2005.

Prior to his MBA, Mr. Kamel worked with KATO Investment (, one of Egypt’s largest and
most diversified industrial and services conglomerates with over twenty subsidiaries in eight divisions operating in
manufacturing, aerospace, tourism, real estate, construction, logistics, banking, and trading.
During his five‐year tenure, Mr. Kamel assumed several roles in different divisions, starting with sales and
marketing in the aerospace division out of the London office, followed by operations manager in the food
manufacturing division as part of a new turnaround team, then project manager in the logistics division creating the first modern privately‐held bonded warehouse
facility at Cairo International Airport with Lufthansa Cargo, and finally business development manager at KATO Investment’s headquarters where he managed to
secure several key JV partnerships and managed the debt‐raising process from European banks for the aerospace division.
Following his MBA, Mr. Kamel worked as a consultant with Bain and Company in London, and then returned to KATO Investment, where he is now the group’s
Corporate Vice President for Strategy.

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Grahame Maher

Chief Executive Officer, Vodafone Qatar

BornBefore Grahame Maher came to The Middle East to set up the first Vodafone operation in the Middle East he was the CEO of Vodafone’s Czech.

In Czech Grahame led the team that handled the acquisition and integration of an innovative mobile business called Oskar that is now Vodafone Czech.

This organisation is seen as one of the most innovative in the Group and is one of the top performing business in the Vodafone world. Prior to this he was CEO of Vodafone Sweden.
Within 12 months he led the team that stabilised the organisation and secured the future of Vodafone in Scandinavia via a sale and partnership model with Telenor Nordic.
Prior to Europe Grahame led the team that took Vodafone Australia through a major turn around program to achieve profitability for the first time in 6 years while growing market share in a tough market. Prior to this he was leading Vodafone New Zealand, where it took three years to increase the operator’s market share from 16% to 53%. Grahame’s relationship with Vodafone started over 15 years ago. At that time Grahame began working with the mobile operator as a MVNO in South Australia.
And what does such a globetrotter do when he is not working? He enjoys shopping with his wife Jenny, getting to know new places, and of course spending time with his daughters Jessica (24) and Kate (21).
He enjoys running, and believes that people are the key reason for the success of any organisation and that business should be Fun!
He and Jenny also support non-profit charity organisations.

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Ahmed El Sewedy

Chief Executive Officer, El Sewedy Cables

Ahmed El Sewedy (El Swedy Cables) - Mr. Ahmed is the CEO of El Sewedy Cables and a number of its affiliates. Mr. Ahmed obtained his BSc in Electrical Engineering from Cairo University in 1986 and since then has been heavily involved in the family business, rising along the chain to become an instrumental element to El Sewedy Cables’ success.

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Muhammad Al Agil

Chief Executive Officer, Jarir Investment and Chairman of Jarir Group

Muhammad Al Agil serves as the CEO of Jarir Investment and Chairman of Jarir Group, which comprises of Jarir Bookstore, Jarir Marketing, Jarir Furniture, Jarir Real Estate, Kite Arabia Ltd. and Kids Kingdom. Mr. Al Agil conceptualized and co-started Jarir Marketing and Jarir Bookstore chains, developing them into leading wholesalers and retailers in Saudi Arabia for stationery, school supplies, office machines, computer supplies, books, arts and engineering items. Jarir Marketing Company is listed in Saudi Stock Exchange (Tadawul) with a market capitalization of more than US $ 1.2 billion, presently.

Since 1990 Mr. Al Agil has been focusing, through Jarir Investment which is a family office, on private investing both as a direct principal and with various known institutional partnerships. Jarir Investment have been investing worldwide in Hedge Funds, Private Equity and also guiding families second generation through family constitution, career planning and legal structuring.

He is a Board member of various public companies and large family business groups in Saudi Arabia and United Arab Emirates, namely Tawuniya Insurance Co., MBC TV, Al Faisaliah Group etc. Served as a member of Board of Trustees of Centennial Fund (Micro – Business Fund), Board of trustees of the Gifted Foundation in Saudi Arabia and was Chairman of the Executive Committee for Family Business Council in Saudi Arabia.

Mr. Al Agil earned a Masters of Engg from University of California, Berkley in 1975 and a B.S. in Engineering from KFUPM in 1974. In addition, Mr. Al Agil completed the OPM program at Harvard University in 1987.

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David McCormick

Treasury Under Secretary, Treasury Department (2007 – 2009)

An eye-witness to the major economic policy developments of the last 4 years, David McCormick brings a non-partisan, commonsense approach to the latest news on the future of the global economy.

A central figure in shaping the worldwide response to the current economic crisis, nobody has a better perspective on the global economy than Dave McCormick. As under secretary of the Treasury in the fall of 2008, he was "at the table" with Henry Paulson, Ben Bernanke and other key decision makers as the group discussed how to handle the downward economic spiral that resulted in the implementation of the Troubled Asset Relief Program (TARP).

Prior to his time at Treasury, he worked directly for President George W. Bush and was his principal advisor on all international economic and trade meetings. Dave was in the Oval Office when many major economic decisions were made and was a witness to history as government and business leaders charted the course for the global economy. His approach to current economic news is balanced and non-partisan, as he provides a refreshing perspective grounded in optimism for our economic future.

During his tenure at the Treasury, McCormick traveled to and worked extensively with developing nations like China, India and Brazil, experience that he shares in showing what the role of emerging markets will mean to our collective global future and what America needs to do to stay competitive in this new economy. McCormick was called into government service after successfully starting and serving as a president of a publicly-traded global software solutions firm. McCormick is the author of The Downsized Warrior: America's Army in Transition and he currently serves as a professor at Carnegie Mellon University.

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Hassan Nouh

General Manager, Al Ezz Steel Rebars

Mr. Nouh was appointed General Manager of Ezz Steel in February 2005. Prior to this appointment, he served as the finance manager of Ezz Steel from 2002 to 2005.
Before joining the Group, he has served in various positions in banking and finance. He has 18 years experience in banking and finance.

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Ibrahim Adel

Chief Communications Officer, Zain Group

Ibrahim Adel holds an executive MBA from ESSEC in Paris, an MA in Telecommunications Systems Management from Michigan State University as well as a BA in Finance and Business Economics from Wayne State University in the USA.

As Chief Communications Officer of Zain Group, Ibrahim Adel is responsible for the Corporate Communications (External and Internal), Investor Relations and Corporate Social Responsibility functions under one leadership supporting and promoting the company’s goal of being a top-ten global mobile operator by 2011.

Mr. Adel has a proven track record of achievements and results orientation with over 17 years of senior management experience. Joining Zain (then known as MTC) in December 2003 as Investor Relations Manager and shortly thereafter promoted to Director, he has actively participated as a member of the finance and communications management team of the company.

Ibrahim's experience straddles the telecom and financial services industries in communications and finance roles. Prior to joining Zain, Ibrahim worked for 3 years as Investor Relations and Shareholder Affairs Senior Manager at ECMS (Mobinil) in Egypt where he also acted as secretary to the Board of Directors. His experience included working on special projects for the 3 founding shareholders: France Telecom (Orange), Motorola, and Orascom Telecom Holding. During his tenure at ECMS, the investor relations department was recognized as a regional leader in the field.

He has also worked for Alcatel SA as General Manager of Alcatel Egypt S.A.E. Ibrahim was a founding shareholder and General Manager of Falcon Portfolio Management S.A.E. where he was in charge of marketing, sales, and research. He started his professional career as an Investment Banker at Drexel Burnham Lambert in Detroit, MI and New York.

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