2019 Annual Grand Ceremony


The Nile Ritz-Carlton, ElQahera Ballroom, Cairo


CFA Society Egypt, a non-profit organization (NPO), is a member of the CFA Institute Global Network of Societies. Founded in 2006, CFA Society Egypt serves the growing requirements of investment professionals and fosters integrity, investment literacy, and professional development as a leader in educating and promoting the highest standards of ethical and professional conduct in Egypt.

Annual Partner

Telecom Egypt

Since its establishment in 1854, Telecom Egypt has played a pivotal role in driving growth within the local ICT market capitalizing on its vast infrastructure, which is one of the largest in the region. Its vast domestic and international infrastructure has helped it serve various customer groups including consumers, enterprises, domestic and international carriers. In September 2017, Telecom Egypt introduced its new retail brand “WE” with the launch of its mobile services. In a year from launch, “WE” offered the market’s first fully integrated bundle combining all of its consumer services fixed and mobile, voice and data in one bill taking its first step towards full convergence and demonstrating its agility as a key player in the telecommunications industry. Telecom Egypt’s wholesale unit provides infrastructure, transmission and international voice services to local mobile operators and internet service providers. In addition, it provides international carries capacities on one of the largest submarine cable networks in the world.

Pioneers Holding Company, PHC

Pioneers Holding Company, PHC, is one of the leading investment conglomerates in the MENA region, PHC is distinguished by its unique business model; which is comprised of two main activities: financial services, providing securities brokerage, in depth market research, asset management, investment banking services and all relevant advisory functions. PHC's other avenue of business is direct investments, mainly in real estate development and contracting, industrial manufacturing and other financial investments. PHC assumes its rightful position among the region's financial institutions, with 18 main subsidiaries, 7 of which are listed in the Egyptian Exchange.

Beltone Financial

Beltone Financial is a leading regional investment bank, offering a full range of financial services to companies, institutions and high-net-worth individuals in the Middle East, Europe, North America, and Asia. Beltone is the largest asset manager in Egypt with c. EGP 34 bn in AuM and a leading provider of independent equity research in the region. The firm’s track record includes the execution of over EGP 110 bn in M&A and capital markets transactions. Beltone is present on ground in the US through its subsidiary Auerbach Grayson, a New York-based brokerage and placement agent with access to over 125 markets globally. Beltone is listed on the Egyptian Exchange trading under BTFH.CA

Platinum Sponsor

Banque Misr was established in 1920 by the pioneer economist and financial expert Mohamed Talaat Harb Pasha, who spearheaded the concept of investing in national savings and directing them towards economic and social development. Thus, Banque Misr was established as the first wholly Egyptian - owned bank. Banque Misr has also established major investment funds in Egypt, as part of a diversified portfolio, and was granted an award by the Global Finance Treasury and Cash Management Awards as the ‘Best Provider of Money Market Funds in Africa and the Middle East’ for the years 2009 and 2010 and the ‘Best Provider of Money Market Funds in the Middle East’ for the years 2008, 2012, 2013, 2014 and 2015. The bank was also awarded as the ‘Best Provider of Money Market Funds and Short-Term Investments in the Middle East’ in 2015, 2016, 2017, 2018 and in Africa and the Middle East in 2019.  Read more ...

BM was also recognized as best Mandated Lead Arranger in the Egyptian banking market in Bloomberg’s Global Syndicated Loans League Tables for the third quarter of 2018, and was ranked second top Bookrunner. It was also ranked the fourth top Mandated Lead Arranger across Africa.   Moreover, on the scale of the Middle East and North Africa region, Banque Misr ranked at seventh place among Bookrunners and 13th among Mandated Lead Arrangers in the MENA region for the third quarter of 2018. A true pioneer in the region, Banque Misr became the first bank in Egypt and North Africa to become compliant with PCI data security standards, upon obtaining the latest version of the global Payment Card Industry Data Security Standard (PCI DSS 3.2.1) certification. Utilizing the latest technology in the banking sector, Banque Misr is constantly looking to expand customer access to banking services. Today, Banque Misr is proud to offer one of Egypt’s largest ATM networks, located across all areas of Egypt.   Banque Misr’s role is visible in all economic fields due to its geographic outreach. The bank has about 16,000 employees, serving a large base of more than eight million clients in Egypt, with a total paid-up capital amounting to EGP 15 billion.   The bank has more than 620 electronically integrated local branches located nationwide to provide the best and most accessible services to customers. Banque Misr also values its regional and international presence, which includes its five branches in the United Arab Emirates and one in France. In addition, the bank’s international presence includes subsidiaries in Lebanon and Germany, as well as representative offices in China and Russia and a global network of correspondents.


Mohsen Adel
Chairman, General Authority for Free Zones & Investment (GAFI).

William Tohmé, CFA
Regional Head - Mena Region, CFA Institute.

Zouheir Tamim-Jarkas, CFA
Senior Advisor, Learning and Development, Mubadala Investment Company

Panel Discussion “Economic Reforms - Stage II”

Our Panelists

Hany Tawfik Chairman
International Investor Group, Inc

Sherif S. Samy
Chairman, National Asset Management and Investment, SAE

Ahmed Shams, MBA
Managing Director & Global Head of Research, EFG Hermes

Our Moderator

Ahmed Abou ElSaad, CFA, MBA
President, CFA Society Egypt

Ahmed Abou El Saad is Chairman and Managing Director of Rasmala Egypt Asset Management managing a total AUM of EGP 10 billion (USD 560 Million) in a wide range of institutional/HNW portfolios as well as Public Equity and Money Market funds. Ahmed also Co-Heads the Mena Region for Rasmala Holding based in Dubai managing approx. USD 1.8 billion in different asset classes and investment instruments.

Previously, he was head of asset management at Naeem Holding managing a total MUM reaching USD 520 million of HNW Gulf portfolios. Earlier, Mr. Abouelsaad was Head of Capital Markets at MIBank, where he managed the bank’s investment portfolio in public trading equities, Fixed income instruments and private equity. He has also served as head of surveillance at the Cairo and Alexandria Stock Exchange, where he was on the executive committee that works on introducing new instruments and regulations to the market.

Ahmed is currently a board member at the Egyptian Stock Exchange. He is also the President of CFA Society Egypt & the Secretary General of the Egyptian Investment Management Association.

Mr. Abou El Saad has a Bachelor of Arts from Alexandria University, an MBA from the Arab Academy for Science and Technology, and a professional certificate in project finance and investment appraisal from the Harvard Institute for International Development.

CFA Research Challenge

The CFA Institute Research Challenge is an annual, global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company and then write a research report on their assigned company with a buy, sell, or hold recommendation.

Each Research Challenge season leverages the efforts of over 140 CFA member societies, 3,500 member volunteers, and more than 5,000 students from over 1,000 universities.

Participating Universities

Our Judges

Our Mentors

Our Graders


     Since the CFA Research Challenge was kicked off in Egypt, we have received 79 investment research reports from 16 Egyptian universities covering 8 Egyptian publicly-listed companies, with 350+ students who have participated in this life-changing experience!


09:00 - 09:45
09:45- 10:00
Introductory Remarks- Mr. Ayman Abouhend, CFA - Board Member, CFA Society Egypt
10:00 – 13:00
Research Challenge Competition Presentations (7 Qualified Universities)
13:00 - 14:00
14:00- 14:10
Mr. Ahmed Abou El-Saad, CFA, MBA- President, CFA Society Egypt
Mr. Zouheir Tamim El Jarkass, CFA- Senior Advisor, Learning and Development, Mubadala Investment Company
Mr. William Tohmé, CFA- Regional Head of Middle East and North Africa, CFA Institute
Panel Discussion “Economic Reforms- Stage II”:
Moderator: Mr. Ahmed Abou El-Saad, CFA, MBA- President, CFA Society Egypt
Mr. Sherif Samy- Chairman, National Asset Management and Investment SAE
Mr. Hany Tawfik- Chairman, International Investor Group, Inc
Mr. Ahmed Shamseldin, MBA- Managing Director & global Head of Research, EFG Hermes
Mr. Mohsen Adel- Chairman, The General Authority for Investment and Free Zones (GAFI)
15:45 - 17:00
  • CFA Charter Awards Ceremony
  • CFA Scholarship Awards
  • Announcing RC Internship Program: Mr. Ashraf ElKhatib, CFA - Board Member, CFA Society Egypt

Media Sponsors