OUR LEADERSHIP

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Chairman’s Note

Egypt’s real estate sector continues to play an undeniable role in economic growth and development. As a leading player in the industry, and a responsible developer that has been up and running for over 60 years, it is of the utmost importance for us at Madinet Masr for Housing and Development to continue leveraging our expansive track record, and to deliver state-of-the-art developments that best serve the Egyptian population. Since Madinet Masr’s establishment, we have made significant strides in the industry, charging the market with innovative communities that are not only situated in Cairo’s most strategic locations, but also serve the needs of a diverse range of customer segments and demographics. It has always been our goal to provide premium housing options that are convenient and affordable to families across the country, and we continue to honor this commitment through our comprehensive developments.

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Mohamed Hazem Barakat
Chairman
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CEO’s Note

At Madinet Masr for Housing and Development, we are dedicated to creating sustainable value for our esteemed shareholders, partners, the residents of our communities, and the environment at large. Our developments portfolio has grown substantially over the decades, having started off with the establishment of Cairo’s monumental Nasr City to developing two full-fledged communities – Taj City and Sarai. Through these developments, we offer our customers a vast spectrum of residences paired with one-of-a-kind amenities that cater to their every need, making luxury living a reality for families and the young adults of the Egyptian population. We continue to focus on the expansion of our operational footprint and client base through branching out our offerings in the real estate space in Egypt. In alignment with this, we successfully acquired real estate powerhouse MINKA Development, to introduce selling fully finished units to customers, in 2021. Moving forward, the foundation we have worked so diligently to build at Madinet Masr is what drives us as we continue carrying forward the legacy we created back in 1960 with the foundation of Nasr City, which was, and still is, the largest district in Cairo.

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Abdallah Sallam
President & Chief Executive Officer

Our Board of Directors

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Hazem Barakat
Chairman

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 Madinet Masr, Total Egypt, and Al-Ismaelia. 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 (AUC).

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Abdallah Sallam
President and CEO

A member of one of the most prominent business families in Egypt, and with more than 20 years of experience, Abdallah Sallam has managed and co-founded a number of ventures in multiple industries, including manufacturing, retail, media, and technology, before venturing into real estate.

Labeling himself a serial entrepreneur, Mr. Sallam co-founded and managed several businesses throughout his career. Most recently, he was the founder and CEO of Minka Real Estate Investment, a unique property innovator and developer with subsidiaries and interests in a multitude of ventures—construction, consultancy, and renewable energy). In October 2021, Minka was acquired by Madinet Masr, one of Egypt’s oldest and most influential urban developers, and Mr. Sallam was appointed as the new President and CEO of Madinet Masr.

Mr. Sallam brings to his position a wealth of expertise, innovative vision, strategy, and business modeling input across many ventures to help the company fulfill its robust growth strategy as one of the oldest and most influential real estate developers operating in the local market, with a legacy of more than 60 years.

He holds a BSc in mechanical engineering from The American University in Cairo (AUC), and he attended several executive education programs at Harvard Business School and Kellogg of Northeastern University, studying consumer marketing, strategy, pricing, and media. Mr. Sallam is also constantly involved in voluntary consultancy with young entrepreneurs and startups, and he has been invited to join many reputable boards. He currently sits on the board of Solarize Egypt, Minlo Trade & Manufacturing, Namaa Real Estate, Paradise Capital, Egyptian Kuwaiti Company for Real Estate Development, and Egyptian Food Bank.

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Aladdin Saba
Director

Aladdin Saba boasts an expansive track record in the financial and investment fields. Saba was one of the founding partners of Beltone Private Equity, one of Egypt’s private equity firms, which was established in 2006. He also founded Beltone Financial, an investment banking institution with a focus on asset management, corporate finance, brokerage, and research. Mr. Saba is a Co-Founder of Hermes Financial, now known as EFG-Hermes. Prior to that, he was a Senior Portfolio Manager at Kidder Peabody & Co. Inc. in New York. He is currently the Chairman of Ebtikar, a board member of the Egyptian Center for Economic Studies (ECES), and a board member of Egypt-U.S. Business Council (EUSBC).

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Eskandar Tooma
Director

Eskandar Tooma is a tenured professor of finance at the School of Business at The American University in Cairo. He also held a visiting professorship position at Imperial College’s Business School in London, England. Mr. Tooma served as an executive board member and the Group Chief Financial Officer (CFO) of Swiss-listed Orascom Development Holding, AG (ODH), from 2013 to 2016. He was appointed to the Board of Directors effective 13 May 2013 and asked by the Board of Directors to step in as the CFO in July 2013. Mr. Tooma played a pivotal role in raising and structuring more than $500 million and restructuring the company’s organization, resulting in the successful turnaround from a previous three years of loss to a stable, profitable, regional real estate and hospitality leader.

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Ahmed Omar
Director

Ahmed Omar founded Egyptian Water Works in 1990 to represent international organizations in Egypt’s water treatment and wastewater industry, successfully implementing multiple treatment and desalination projects with Italian technology. In 1999, Omar founded Midwater, which develops, owns, and operates water treatment plants treating industrial water and selling it to oil refineries under build-own-operate-transfer (BOOT) contracts. Midwater built its first plant in 2001 and a second one in 2006. Omar is also the Founder and Chairman of EWW Oil & Gas, which represents international organizations in Egypt’s power, oil, and gas sectors. EWW has successfully launched several projects using Japanese technology. Omar has sat on the Board of Madinet Masr since 2007, and he is part of the boards of Beltone Financial, TOTAL Egypt, and the El Gouna Red Sea Resort. He holds a BSc in chemical engineering from Cairo University.

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Mushira Al Maghrabi
Director

Mushira Al Maghrabi is Chairwoman of the Board and Managing Director at the Zahraa Al Maadi Investment and Development Company. She is a member of the boards of several companies, including the Alexandria Construction Company and El Nasr Facilities Company. Al Maghrabi enjoys wide-ranging management experience, having held the roles of CEO and Managing Director at Maadi for Investment and Development and Managing Director at the General Egyptian Co. for Buildings. She was also a General Manager at El Abd Contracting. Al Maghrabi holds a degree in architecture.

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Hany Soliman
Director

Professor Engineer Hany Soliman brings over 30 years of academic and practical expertise in the construction field. His experience includes managing, planning, implementing, and delivering technical, commercial and construction of mega projects. In addition to his current position on the Board of Madinet Masr, Prof. Eng. Soliman is Managing Director and Acting Non-Executive Chairman of the Board of Directors at the Holding Company for Construction and Development (HCCD). Prof. Eng. Soliman began his career as a teaching assistant at the Faculty of Engineering at Zagazig University, where he later became a professor in 2004. Prof. Soliman also held several leadership positions in some of the most prominent companies in Egypt and the MENA region including engineering consultant at Talaat Mostafa Group, consulting director at Murray & Roberts in Egypt, and project manager at Sinclair Knight Meyers in the UAE. He also served as the Chief Operating Officer at CEG International in Qatar and project manager at Trust Engineering Consultancy in Qatar. During his career, worked on many major real estate development projects on a local and regional level such as the San Stefano in Alexandria, the Police Academy in Qatar, and the Dubai Sports City stadiums in the UAE. Prof. Eng. Soliman obtained a doctorate degree in Engineering from the Indian Institute of Technology in Delhi, India. He also holds master’s and bachelor’s degrees in engineering from Alexandria University. Prof. Eng. Soliman is a member of the Institute of Structural Engineers in the United Kingdom, the Project Management Institute in the United States, and the Syndicate and Society of Engineers in Egypt. Also, he is a Professor of Structural Engineering at Zagazig University, Egypt (Currently on Leave). He was involved voluntarily with Qatar University as External Mentor for Sr. student’s Capstone from 2012 to 2018, and as Industry member for some of QNRF research projects.

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Mona Osman
Director

Mona Osman boasts 25 years of expertise in the fields of investment, economics, and business. Since 2009, she has been the Managing Partner in BPE partners – which owns 28% of Madinet Masr – and is highly involved in direct investment and private equity transactions. Osman’s responsibilities include exploring investment opportunities, overseeing daily investments, and handling external communications. From 2008 to 2009, Osman was the General Manager at Emirates International Investment Company LLC. (EIIC) in Egypt. Prior to that, she spent 12 years at MIDBANK (previously known as Al-Ahly for Development and Investment (ADI)), where she held many different managerial positions before assuming the role of General Manger for Investments. Additionally, she leveraged a long career spanning 10 years at the Projects Department of Misr Iran Development Bank (MIDB), an investment back specialized in providing financing for diverse project in Egypt, ending her tenure as an Assistant Project Manager. Mona is also a founder and board member of the Egyptian Private Equity Association (EPEA). Osman holds a BA in Economics from the American University in Cairo.

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Mostafa El Anwar
Director

Mostafa El Anwar has 23 years of experience in the fields of finance and investment banking. His journey at BPE partners started in 2008 as an investment manager before assuming the role of partner in 2013, and finally Managing Director in 2019. He is responsible for overseeing the asset management of different company portfolios, and supervising investments across a diverse range of sectors. From 2007 to 2008, El Anwar held the position of Deputy Investment Manager at Morgan Stanley, where he advised on mergers and acquisitions for large-scale companies located in Europe, Africa, and the Middle East. Prior to that, he was the Deputy Investment Manager at Equity Capital Markets, in which he was responsible for regulating and participating in the negotiation of IPO deals. His career originally began in 2002 as a financial analyst in EFG Holding (previously known as EGP Hermes) before being promoted to assistant vice president and then vice president in 2003. El Anwar holds an MBA with a specialization in finance and investment from London Business School in the United Kingdom. He received his bachelor’s degree in business from Cairo University.

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Nashwa Abdelatif
Director

Nashwa Abdelatif is a seasoned professional in the fields of human resources and management. Her previous experience includes serving as the Social Welfare Director at the Egyptian International Mutual Fund, where she was also appointed as a member of the Board of Directors between 2021-2022. During her tenure, Mrs. Abdelatif’s responsibilities entailed facilitating administrative affairs and supervising employee welfare within the organization.