Board of Directors

Medhat Khalil

Chairman, Raya Holding for Financial Investment

Medhat Khalil has dedicated his career to realizing a vision: Raya Holding. After 15 years holding top management positions with IBM Egypt, Khalil founded the pioneering IT companies Protech and Oratech in 1993 and 1997 respectively. In 1998.

Protech and Oratech became two of the seven entities comprising Raya Holding. Medhat Khalil is a member of the National Sports Council, board member of the National Fund for Finance of Juniors, Youth, and Sports.


Ahmed Khalil

CEO, Raya Holding for Financial Investment

Ahmed Khalil’s background entails sales, marketing and business development which he gained through his work in Microsoft Egypt.

Before joining Microsoft, Khalil gained extensive retail experience from running the family business, where he managed and developed a home-grown retail chain of fashion apparel stores. Khalil serves on the board of Raya Holding since 2008
as well as other leading companies such as Fawry Technologies and Rameda Pharmaceuticals.

He holds a BA in Business Administration, with a double concentration in Finance and Marketing, from the American
University in Cairo (2005) and an MBA from the Harvard Business School (2012), with a focus in Corporate Finance and Real Estate. Currently, Khailil is the CEO of Raya Holding.


Malek Sultan

Operations Manager, Watheeqa - Non-Executive Board Member

Malek Sultan is Watheeqa operations manager in Egypt and a board member representing Watheeqa in several of its investments in Egypt. With more than 10 years of experience in investments and IT, Sultan has led the arranging of several landmark deals in the IT, Real Estate Development and Financial sectors for major institutions in Egypt as well as Sudan, Kenya and Uganda.

Sultan is well versed in the restructuring process for maximizing the return of Private Equity deals. His latest deals yielded on the average 3x over an average vintage period of 3 years. He holds an MBA from Georgia State University with a concentration
in Finance and E-business and a BSc in Business Administration from Cairo University.


Amr El Tawil

CEO, Triangle Group - Non-Executive Board Member

Amr Eltawil returned to Egypt from the United States in 1993, with a degree from Texas A&M University and work experience as a construction manager for a real estate developer.

In Egypt, he applied his knowledge to expand his family business, Triangle Holding, into the fields of utilities, oil & gas projects and services, and construction engineering. Eltawil is known as an innovative entrepreneur and he is currently the
CEO of Triangle Holding.


Seif Coutry

Chairman, Capital Trust - Non-Executive Board Member

Coutry is a commercial and investment banking executive with more than 30 years of international and local professional banking experience. He also served as Advisor to the Minister of Finance of Egypt for tax administration reform and modernization for 30 months (2005-2007). Formerly, Chairman and Managing Director of United Bank of Egypt, after serving as VP and Director of Bank of America London, in charge of EMEA Private Banking.

Currently Mr. Coutry also serves as a board member in several corporations including Fawry for Banking & Technology Payment Services, The Egyptian Catering and Contracting Company, Tatweer for Financial Consultancy, Acquire Investment Company and Rameda Pharmaceuticals Company.


Ashraf Mahmoud Kheireldin

CEO, First for Distribution & Trading - Non-Executive Board Member

Ashraf Kheireldin earned his Bachelor of Business Administration from Cairo University in 1992. He was the sales manager of Protect from 1996 till 1998.

Kheireldin then became the owner & general manager of First for Distribution & Trading (agent of Vodafone). He is currently the chairman and CEO of First for Distribution & Trading (franchising partner of Vodafone).


Yasser Hashem

Managing Partner, Zaki Hashem & Partners - Non-Executive Board Member

Yasser Hashem is the managing partner of Zaki Hashem & Partners, a leading Egyptian law firm established in 1953. The firm has around 80 lawyers with strong local and international legal background, and manages a large portfolio of multinational, and local clients.

Hashem specializes in the areas of corporate, mergers acquisitions, capital market and telecommunication.


Samer El Waziri


Samer El Waziri currently holds the position of Raya FMCG CEO. El Waziri played a key role as part of the management team who has been achieving significant financial returns and building the company that is nowadays
considered one of the strongest IT and Telecommunications companies in the region.

Previously and until December 2005, El Waziri held the position of Finance Director and Board Member of GlaxoSmithKline.
El Waziri has 29 years of experience in financial management, including the interpretation of financial data relevant
to manufacturing and marketing, evaluation and general coordination of corporate investment decisions and
strategic planning.

El Waziri holds a Bachelor of Commerce from Cairo University.
Mr. Waziri also obtained a management diploma from Harvard Business School.


Hamed Shamma

Non-Executive Board Member

Professor Hamed M. Shamma is the BP Endowed Chair and Associate Professor of Marketing at the School of Business, at The American University in Cairo. With practical and theoretical implications, Shamma co-authored the first Arab Word Edition of Marketing Management, the most widely used marketing book in graduate business schools worldwide.

Having received his PhD in Marketing from the George Washington University in 2007, Shamma is superiorly informed about corporate marketing and strategic brand management. He also holds a Bachelor’s of Arts in Business Administration in 1999 and an MBA with a double concentration in Marketing and International Business from the AUC in 2002.

Shamma started his career with extensive corporate experience at Orange, the leading mobile phone operator in Egypt. Hence, Shamma was professionally involved with corporate performance assessment, analysis, forecasting, and budgeting.

He has also been actively involved in serving the business community. He consulted and provided training to various organizations, such as: the Ministry of Civil Aviation, the Ministry of Administrative Development, Eva Pharma, Orange Labs, Etisalat Misr, the International Advertising Association (IAA), and Flat 6 Labs.

Shamma received several international paper awards in several international conferences, including the 9th Annual World Congress of the Academy for Global Business Advancement in 2012 and the Annual Society for Marketing Advances Conference in 2006.


Mostafa Mubarak

Non-Executive Board Member

Mostafa Mobarak graduated from The American University in Cairo (AUC) in 2005 with a Bachelor’s degree in Electronics Engineering, Majoring in Communication, and then he completed his Master’s in Business Administration Majoring in Finance and Strategic Management from the University of Pennsylvania in 2010.

Between the years 2005-2006 Mostafa started working as a Software Engineer at IBM and helped the newly established department win the outsourcing of a 125 Million dollars project, the department’s first. Then he worked from 2006-2007 as an economic researcher in Ministry of Trade and Industry, MINISTER’S TECHNICAL OFFICE. From 2007 to 2008, he started working as a Reserve Management Unit at the Central Bank of Egypt. In 2010, he moved to McKinsey & Company as an Engagement manager.
Mostafa Mubarak established Solera in the late 2013 and is currently Managing Partner. He has signed projects that reached more than 100 Million EGP.


Sherif Kamel

Non-Executive Board Member

Sherif H Kamel is the Founding Dean of the school of business at the American University in Cairo and the President of the American Chamber of Commerce in Egypt. An education scholar, advisor, and management expert for more than 25 years, Kamel is an advocate of diversity, empowerment, inclusion and using a bottom-up leadership approach.

He served as director of the Regional IT Institute (1992-2001) and managed the training department of the Cabinet of Egypt Information and Decision Support Center. Hence, Kamel consults with government organizations and corporations, addressing organizational transformation, executive development, IT, management and strategy.

Kamel holds a PhD in information systems from the London School of Economics and Political Science. Nevertheless, he is the recipient of several honors for serving the IT community, including Conf-IRM (Canada), Cabinet of Egypt (2011), and IRMA USA (1999).

He is also a member of many associations:
- The AACSB International Middle East Advisory Council.
- Egypt-US Business Council.
- Eduniversal International Scientific Committee.
- A board member of Education for Employment.
- A non-executive board member of the Commercial International Bank (CIB) in Egypt.