Governance

Board Of Directors

B Investments feels strongly that sound, transparent corporate governance is the key to long-term success and business sustainability. For us, this success is laid on the foundation of the sound and balanced guidance of its Board of Directors and four dedicated committees that work to build the highest standards for internal systems and controls.

Hazem Barakat

Chairman of the Board

Hazem Barakat

Hazem Barakat

Chairman of the Board

Hazem Barakat co-founded BPE Partners in 2006 with a vision to capitalize on his industry and operational expertise by investing in domestic businesses with growth potential. He is the chairman of BPE Partners and B Investments and is a member of BPE Partners’ investment committee. Additionally, Mr. Barakat sits on the board of MNHD, Total Egypt, Al-Ismaelia, and PGESCo. Prior to founding BPE Partners, he co-founded Miraco-Carrier, one of the region’s leading air conditioner manufacturers, as well as Engineering Plastic Manufacturing, a leading plastics manufacturer.

Mr. Barakat holds a BSc in Mechanical Engineering from the New York Institute of Technology and is a member of the Egypt-based American Chamber of Commerce, the British Egyptian Business Association, and the Egyptian Businessmen’s Association. Previous directorships include the Egypt-US President’s Council, the Egyptian Economic Forum, and the Advisory Council of the School of Business, Economics, and Communication at the American University in Cairo.

Walid Abunamay

Board Member

Walid Abunamay

Walid Abunamay

Board Member

Walid Sulaiman Abanamay has been the Managing Director of Al-Mareefa Al-Saudia Company since 1997. Prior to this, he served in the Treasury and Corporate Banking Departments of SAMBA Financial Group. Abanamay has served on the Board of Directors of several companies and funds including, Joussour, Beltone Financial, UGIC, Mena Capital Fund and GB Auto. He also served on the Boards of SAFCO, Nasr City, Al-Inmaia, Al Raya Holdings and Al Masafi. Abanamay holds a Bachelor of Science in Computer Science from Southern Illinois University, a Master’s degree in Management Information Systems from the University of Illinois and a Ph.D. in Business Administration with a specialization in Finance from Southern Illinois University.

Guy Hudson

Board Member

Guy Hudson

Guy Hudson

Board Member

Mr. Guy Hudson is an Investment Officer at the European Investment Bank (EIB), European Union’s nonprofit, long-term lending institution, where he has focused on emerging market private equity since 2008. EIB has several mandates to invest in private equity (SME, infrastructure, renewables, environment, climate action, social impact) outside the European Union. Prior to joining EIB, he worked as an investment banker in corporate finance and project finance at Société Générale, Scotia Capital, and Bank of Tokyo Mitsubishi UFJ in London. He has been a Board Member of B Investments since 2013.

Dr. Abdel-Monem Omran

Board Member

Dr. Abdel-Monem Omran

Dr. Abdel-Monem Omran

Board Member

Dr. Abdel-Monem Omran joined BPE Partners in 2006 after holding various positions at Douwe Egberts, Industrial Bank of Kuwait, and Helarb Management, Switzerland, an investment management firm concentrating on M&A in Europe. He previously founded an advisory firm, Egivest Consulting, to manage one of the first private equity funds in Egypt (Arab Investment Company). Dr. Omran is a founding member and board member of the Egyptian Private Equity Association. Dr. Omran holds a BSc in Chemical Engineering from Cairo University and a PhD in Chemical Engineering from the University of California.

Karim Saada

Board Member

Karim Saada

Karim Saada

Board Member

Mr. Karim Saada has over 20 years of experience in finance and investment, specifically in private equity, financial management, corporate lending, and remedial asset management. Mr. Saada currently holds the post of Executive Partner & Country Head-Egypt of Amwal Al Khaleej Commercial Investment Company. Prior to joining Amwal, Mr. Saada was with Gulf Arab Investment Company, a USD 75 million private equity investment company based in Egypt, where he held the position first of Chief Investment Officer then General Manager. He has 10 years of banking experience in Egypt and Saudi Arabia, largely in corporate banking, corporate finance, and restructure/recovery of remedial accounts, having worked with EAB and United Saudi Bank. Mr. Saaba was also Finance Director at Kingdom Holding, where he was seconded to Rotana Audio & Audio-visual for a two-year period. He is a CFA Charter holder and member of the CFA Institute. He holds an Msc in Finance (UK), and a BA in Business Administration from The American University in Cairo.

Aladdin Saba

Board Member

Aladdin Saba

Aladdin Saba

Board Member

Aladdin Saba founded Beltone Financial in 2002 and co-founded BPE Partners in 2006. Mr. Saba was also a co-founder of Hermes Financial, which became EFG Hermes in 1996, after working as a Senior Portfolio Manager at Kidder, Peabody & Co. Inc. in New York. He is a founding member of the Egyptian Investment Management Association and the Egyptian Capital Markets Association and was on the Board of Directors of the Central Bank of Egypt, the Egyptian Exchange, GB Auto, and MNHD. Mr. Saba holds a Bsc in Biomedical Engineering from Cairo University, an MBA from Wharton, and an additional Master’s degree in Biomedical Engineering from the University of Pennsylvania.

Samih Sawiris

Board Member

Samih Sawiris

Samih Sawiris

Board Member

Mr. Samih Sawiris is the founder and Chairman of Orascom Development Holding, a Swiss-incorporated company listed on the Swiss Stock Exchange and a leading developer of fully integrated destinations that include hotels, private villas, apartments, and leisure facilities. Mr. Sawiris is a major shareholder of Orascom Construction Industries (OCI N.V.), a Dutch based global producer of natural gas-based chemicals and engineering and construction contractor with projects and investments across Europe, the Americas, Asia, the Middle East, and North Africa. He is also a significant stakeholder in Lafarage, a world leader in building materials and a major player in the cement, aggregates, and concrete industries, operating in 64 countries and listed on the Paris Stock Exchange. He is a member of the Sawiris Foundation, which was founded in April 2001 with an endowment from the Sawiris family and dedicated to social development. He received a BA in Economic Engineering from the Technical University of Berlin in 1980.

Ashraf Shash

Board Member

Ashraf Shash

Ashraf Shash

Board Member

Mr. Ashraf Shash is the head of Direct Investment at the CIB where he has worked since 1990. Mr. Shash has vast experience in private equity, corporate finance, asset and financial restructuring risk, credit appraisal and project finance. He brings more than 27 years of experience in various fields, mainly correspondent banking, corporate banking, investment banking, strategic planning and investor relations. During his work at CIB, Mr. Shash was involved in and has structured a number of significant privatization, corporate finance, and M&A deals. He was also responsible for various strategic initiatives within the bank, including but not limited to, the newly launched Venture Capital initiative. He is currently a member of CIB’s Affiliates Committee, overlooking all strategic decisions pertaining to the bank’s affiliated companies. Mr. Shash has attended courses at prestigious international institutions, including the London Business School and Harvard Business School. He holds a BA in Accounting from Cairo University’s Faculty of Commerce.

Riham Alghanim

Board Member

Riham Alghanim

Riham Alghanim

Board Member

Ms. Riham Alghanim is the Deputy Vice President of Fouad Alghanim & Sons General Trading & Contracting Co. and is the Chairwoman of Kuwait Finance & Investment Company. Ms. Alghanim is also a board member at Al-Ghanim International Trading & Contracting and at Kuwait Network Electronic Technology Co. She is also the Director of Riham General Trading & Contacting Co. and was previously manager for Gulf Communication & Electronics Company and Gulf Technology & Electronics System. She holds a BA in English Literature and Diploma in Business Management from Kuwait University.

Fahad Al-Tamimi

Board Member

Fahad Al-Tamimi

Fahad Al-Tamimi

Board Member

Mr. Fahad Al-Tamimi is a noted Saudi businessman and founder of Tamimi Investments and Mining Co. and is a senior consultant to the founder and chairman of Saudi Consult where he previously served as CEO and president. He has an extensive track record in diverse fields such as oil and gas, engineering, construction, shipping, trading, real estate, mining, and general investment. Over the last three decades, he has been at the center of a number of significant infrastructure projects in the Middle East across the energy, mining and transportation sectors. He served as the Chairman and Co-owner of Worley Parsons Saudi Arabia, which held a significant market share servicing the engineering sector in Saudi Arabia. Mr. Tamimi has also been Chairman at Kerr Mines Inc. since June 30, 2016. He has a BSc in Chemical Engineering from University of Petroleum and Minerals in Dhahran, Saudi Arabia and an MA in Petroleum Engineering from the University of Houston, Texas.

Gamal Sakr

Board Member

Gamal Sakr

Gamal Sakr

Board Member

Mr. Gamal Sakr is Deputy Chairman at Misr Insurance Company where he is also a board member. Mr. Sakr has 26 years of experience in underwriting, claims and reinsurance in international and local insurance companies. He has a wealth of experience in profit and loss management as well as technical knowledge in achieving growth and developing profitable strategies. Mr. Sakr holds an Associate’s Degree in Insurance from the Chartered Insurance Institute in London and a BA in Accounting from Ain Shams University’s Faculty of Commerce.

Omar Mohanna

Board Member

Omar Mohanna

Omar Mohanna

Board Member

Mr. Omar Mohanna is the Chairman of Suez Cement Group of Companies (SCGC), the largest cement producer in Egypt. Mr. Mohanna has over 25 years of commercial and investment banking experience with Egyptian and international financial institutions, which has culminated in the position of vice chairman and managing director of Egypt Arab African Bank (EAAB). Mr. Mohanna is also Chairman of the Alexandria Tire Company – Pirelli and Chairman of ACE Insurance Co. Egypt, and chairman of ACE Life Insurance Co. Egypt. Both companies are subsidiaries of the U.S. multinational insurance group ACE. He also held the position of managing director of Accor Hotels Group in Egypt and has been a member of the board of directors of numerous companies. Mr. Mohanna is the Chairman of Egypt-U.S. Business Council (EUSBC) and Chairman of the Egyptian Center for Economic Studies (ECES). He is a member of a number of business associations, organizations, councils and NGOs.

John Sanderson

Board Member

John Sanderson

John Sanderson

Board Member

Mr. John Sanderson has over five decades of experience in the financial services industry. Since 2004, he has been a Board Member of the Beltone Financial Gems Fund while remaining actively involved in US-and European-based investment activities. Mr. Sanderson was actively involved in setting up a London office for Baltimore-based investment firm Legg Mason from 1995-2004 where he built a successful brokerage and asset management business from the ground up. He spent the majority of his career (from 1967-1995) with Kidder Peabody & Co. in several capacities, working his way to Chairman of the European Management Committee and Head of Brokerage for Europe and the Middle East.

Board Committees

The Operating Committee evaluates the firm’s investment opportunities by analyzing each company and management and identifying potential risks and rewards. This committee is responsible for initial company valuations, as well as preliminary transaction structuring and consideration of potential exit strategies.

The Investment Committee makes recommendations to the General Partners after reviewing each potential investment case; Environmental, Social and Corporate Governance (ESG) findings; and Value Creation Plan. Critical success factors and pricing are considered in this committee, as are due diligence findings, risk mitigation, and potential hedging strategies.

The Monitoring Committee conducts a periodic review of portfolio company performance against the original Value Creation Plan. It is also responsible for monitoring ESG standards on an ongoing basis; analyzing expansion opportunities, including potential acquisitions; and preparing exit strategies.

The Advisory Committee importantly provides counsel to the General Partners on corporate governance issues. The members are responsible for reviewing and modifying the firm’s investment strategy and identifying and resolving potential conflicts of interest. While not involved in the investment decision making process, they are resources for discussion on valuations.

Sustainability

As one of the first financial institutions in Egypt to recognize the importance of integrating environmental and social best practices into the principles that govern our business practices and portfolio companies, responsible investing remains the cornerstone of B Investments’ business.

Through our Environmental, Social and Corporate Governance (ESG) Manual, we analyze the risks and opportunities in our portfolio companies when it comes to their wider impact, looking to maximize both our financial and social returns by integrating ESG standards into our investment process at every stage, from initial screening to exit. Our management uses these guidelines to evaluate ESG issues related to our own business, and we encourage our portfolio companies to embrace them.

Total Egypt
  • Launched ‘Startupper of the Year by Total’ Challenge, a contest to identify, reward and develop the top projects in enterprise creation or development in Egypt. Winning projects are given financial support and coaching from Total Egypt.
  • Launched the first fuel service station in Egypt to employ women as part of its Women in the Workforce Empowerment Program.
MNHD
  • Developed social welfare programs for its local communities, with investments ranging from road paving and garbage collection to landscaping and sidewalk painting.
  • Revitalized Nasr City through enhancing the aesthetics of the surrounding area to create more parks and green spots, as well as improving the traffic flow and adding parking.
Giza Systems
  • Works to mentor students from public schools and universities in collaboration with INJAZ Egypt to prepare them for employment.
  • To raise environmental awareness, created the ‘EcoChic’ brand to go on products manufactured from discarded vinyl posters; this initiative also generates income for the disadvantaged women who manage the production.
  • Established the Giza Systems Foundation, a non-profit organization focused on combating poverty in Egypt’s most marginalized areas through information and communications technology.