Mr. Medhat Mohamed Ibrahim Khalil is a visionary leader who has dedicated his career to shaping the trajectory of Raya Holding and its subsidiaries. Graduating from Cairo University’s Faculty of Commerce in 1977, he embarked on a journey that led him to senior roles at IBM before founding Protech and Oratech in 1993 and 1997, respectively. These companies later merged to form Raya Holding, where Khalil has served as Chairman of the Board of Directors and Managing Director since 1999.

Under his leadership, Raya Holding has experienced exponential growth, with subsidiaries’ business volume soaring from EGP 88 million in 1999 to over EGP 31.3 billion in 2023, accompanied by a workforce expansion from 285 individuals to more than 18,000 highly specialized professionals.

Beyond his corporate endeavors, Engineer Khalil has held prominent positions in esteemed organizations such as the Smart Villages Company and the Egyptian American Economic Council. He is actively engaged in various sports, community, and charitable activities, serving on the Board of Trustees of Sadat Academy and University and the Board of Directors of the Egyptian National Fund for Youth and Sports Activities. Additionally, as Chairman of the Egyptian Sailing Federation and a member of the National Sports Council, Khalil has played a pivotal role in advancing the sport of sailing in Egypt. His multifaceted contributions exemplify his commitment to excellence and service to society.

Ahmed Khalil currently serves as the CEO of Raya Holding for Financial Investments, overseeing a diversified portfolio of 11 portfolio companies operating across multiple sectors with a turnover over USD 1 billion. These sectors include retail, technology, fintech, BPO, manufacturing, distribution, automotive, and hospitality. Under his leadership, Raya Holding has expanded its operations across four continents, growing its workforce to over 20,000 employees while achieving sustainable revenue and profitability growth. The company has also increased its U.S. dollar proceeds to over 30% of its total turnover, further strengthening its global financial position.

Khalil also serves as Vice Chairman on the Supervisory Board of Makarony Polskie, listed on the Warsaw Stock Exchange in Poland, and previously held board positions at Fawry and Rameda Pharma. With 20 years of experience spanning sales, marketing, business development, and general management, along with 17 years of board experience, he brings extensive expertise in corporate leadership and investment strategy.

His career began in retail, where he successfully managed and expanded a family-owned fashion apparel chain, gaining first-hand experience in scaling a business. After a three-year stint at Microsoft Egypt, where he took on a sales role and played a key role in developing and expanding the PC system integrator network in Egypt, strengthening Microsoft market presence, he transitioned into Raya Holding, taking leadership roles across its recycling, food & beverage, and real estate investments.

From 2012 to 2018, Khalil served as the CEO of Raya Restaurants, where he played a pivotal role in developing and expanding Raya Restaurants, the owner of the Ovio restaurant chain. Simultaneously, from 2013 to 2019, he took on the role of CEO of Raya Smart Buildings, spearheading the development of its flagship commercial facility, Galleria 40, which has since become one of Cairo’s premier business and lifestyle destinations. His dual leadership across these sectors strengthened Raya’s footprint in hospitality.

Since 2020, Khalil has been serving as Group CEO of Raya Holding, leading the company’s overall growth strategy, strengthening its market position, and driving operational excellence across its investment portfolio.

Khalil holds a Master’s degree in Business Administration from Harvard University and a Bachelor’s degree in Business Administration, specializing in Financial Management and Marketing, from the American University in Cairo (AUC). He is also a graduate of the German School in Cairo (DEO).

Khalil remains committed to accelerating Raya’s international expansion, attracting top-tier industry talent, and driving sustainable long-term value creation for Raya Holding and its stakeholders.

Yasser Hashem serves as a Non-Executive Board Member at Raya Holding. Hashem is also the Managing Partner of Zaki Hashem & Partners, a leading Egyptian law firm established in 1953. The firm has around 100 lawyers with strong local and international legal background, and manages a large portfolio of multinational, and local clients. Hashem encompasses a wide range of specializations in various areas such as corporate, mergers and acquisitions, capital market and telecommunication.

Mr. Mostafa Mubarak currently serves as a non-executive board member at Raya Holding. He began his career as a Software Engineer at IBM and helped the newly established department win the tender to outsourcing a 125 Million dollars project, a first for the department. From 2006 to 2007, Mubarak served as an economic researcher in Ministry of Trade and Industry at the Minister’s Technical Office. From 2007 to 2008, he worked at the Reserve Management Unit at the Central Bank of Egypt. In 2010, he moved to McKinsey & Company Middle East as an Engagement Manager. Mostafa Mubarak established Solera in the late 2013 and currently serves as its. Managing Partner where he has signed projects amounting to more than 600 Million EGP.

Mostafa Mubarak graduated from The American University in Cairo (AUC) in 2005 with a Bachelor’s Degree in Electronics Engineering with a concentration in Communication. He completed a Master’s in Business Administration in Finance and Strategic Management from the University of Pennsylvania in 2010.

Mr. Ashraf Kheireldin currently serves as a non-executive board member at Raya Holding. From 1996 to 1998, he held the position of Sales Manager at Protech. Shortly after, Kheireldin became the owner and general manager of First for Distribution & Trading which is an agent of Vodafone. He is currently the Chairman and CEO of First for Distribution & Trading.

Sherif Kamel currently serves as a non-executive board member at Raya Holding. Dr. 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. With 25 years of experience as an education scholar and advisor in management, Dr. Kamel is an advocate of diversity, empowerment, inclusion and using a bottom-up leadership approach. He had 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. Dr. Kamel consults with government organizations and corporations, addressing organizational transformation, executive development, IT, management and strategy.

Dr. Sherif Kamel holds a PhD in Information Systems from the London School of Economics and Political Science. Dr. Kamel also holds a Bachelor degree in Business Administration and an MBA from the American University in Cairo.

Dr. Sherif Kamel 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, including: The AACSB International Middle East Advisory Council, Egypt-US Business Council, Eduniversal International Scientific Committee, a board member of Education for Employment and serves as a non-executive board member of the Commercial International Bank (CIB) Egypt.

Mr. Malek Sultan currently serves as a Non-Executive Board Member at Raya Holding. Sultan is Watheeqa’s Operations Manager in Egypt and represents Watheeqa as a Board Member in several of its investments in Egypt. With more than 10 years of experience in investments and IT, Sultan has led the arrangement 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.

Mr. Malek Sultan holds an MBA from Georgia State University with a concentration in Finance and E-business and a BSc in Business Administration from Cairo University.

Seif Coutry currently serves as a non-executive board member at Raya Holding. Mr. Coutry has served an extensive career as a commercial and investment-banking executive with more than 30 years of international and local professional banking experience. He had also served as an Advisor to the Minister of Finance of Egypt for tax administration reform and modernization for 30 months from 2005 till 2007. Coutry is also a former Chairman and Managing Director of United Bank of Egypt, after serving as VP and Director at the Bank of America in London in charge of EMEA Private Banking operations. Currently, Mr. Coutry serves as a board member in several corporations including Fawry for Banking & Technology Payment Services, in which he is Chairman, as well as Helwan Fertilizers Company, Suez Canal Bank, Capital Trust for Consulting and Investment, in addition to representing the Ministry of Finance at the board of Egypt Air.

Amr El Tawil serves as a Non-Executive Board Member at Raya Holding. El Tawil returned to Egypt from the United States in 1993 with working experience as a construction manager for a real estate developer. Subsequently he applied his knowledge to expand his family’s business, Triangle Holding, into the fields of utilities, oil & gas projects and services, and construction engineering. El Tawil, known to be an innovative entrepreneur, is currently the CEO of Triangle Holding.

El Tawil is a graduate of the Texas A&M University, USA in 1993.

Ms. El-Ghazaly has over fourteen years of experience in the Egyptian financial services industry. She currently serves as the Egypt Country Advisor at Mediterrania Capital Partners; a EUR 450Mn AUM Africa-focused private equity firm with HQ in Barcelona, Spain. She is also an investment committee member at SANAD ESF II, a KfW-initiated, Luxembourg-based, impact investing private equity fund investing in regional MSME-focused financial institutions and fintech startups. She is also an independent board member at Middle East Glass Manufacturing Company; Africa’s second largest container glass manufacturer.

Ms. El-Ghazaly has led and participated in the successful consummation of over 25 M&A, ECM and debt transactions with c. USD 1.4Bn in transaction value; predominantly in Egypt. She was the Managing Director and Head of Investment Banking at Pharos Holding for Financial Investments and the Executive Director at HC Securities and Investment as well as a Board Member at HC Brokerage.

Ms. El-Ghazaly has been recognized by Forbes as one of the Top 100 Power Businesswomen (2020) and Top 100 Most Influential Women (2018) in the Middle East and by Financial News London as one of the Top 50 Women in Middle East Finance in 2019. She holds a Masters of Business Administration from Edinburgh Business School and a Bachelor of Economics from Cairo University.

Mr. Samer El Waziri currently serves as a Non-Executive Board Member in addition to serving as a Senior financial advisor of Raya Holding. 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. Previously, El Waziri served as Chief Executive Officer at Raya FMCG. Prior to that, he had served as Raya Holding’s Chief Financial Officer where he played a key role as part of the management team that achieved significant financial returns and built a company that is nowadays considered as one of the strongest IT and telecommunications companies in the region. Until December 2005, El Waziri held the position of Chief Financial Offcier and Board Member of GlaxoSmithKline.

El Waziri holds a Bachelor of Commerce degree from Cairo University. Mr. El Waziri is also a graduate of the Advanced Management Program at the Harvard Business School.

Professor Hamed M. Shamma is the BP Endowed Chair and Associate Professor of Marketing at the School of Business of The American University in Cairo (AUC). Given his practical and theoretical expertise, Dr. Shamma co-authored the first Arabic Edition of Marketing Management, the most widely used marketing book in graduate business schools worldwide. Shamma started his career with extensive corporate experience at Orange, a leading mobile operator in Egypt. Dr. Shamma was professionally involved with corporate performance assessment, analysis, forecasting, and budgeting.

He has also been actively involved in serving the business community wherein he provided consulting and 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.

Dr. Shamma received his PhD in Marketing from the George Washington University in 2007 adding to his expertise in corporate marketing and strategic brand management. He holds a Bachelor’s of Arts in Business Administration and an MBA with a double concentration in Marketing and International Business, both attained from the American University in Cairo in 1999 and in 2002 respectively.

Dr. 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.