Executive Board Members
Non-executive Board Members
Executive Staff
Bassem AzabCEO & Co-founderAzab is the CEO of Act Financial which he co-founded with partners in 2015. Between 2015 and 2019, he was CEO of Beltone Financial and brings over 20 years of financial services experience to his role as CEO of Act Financial where he has delivered significant business turnaround. Prior to Beltone, he served as managing director of Citadel Capital and Beltone. Azab also managed the brokerage units at EFG Hermes and Sigma Securities and accrued many years of corporate banking experience in a variety of capacities.
Karim NehmaManaging Partner & Co-founderNehma is managing partner at ACT Financial. He previously headed asset management at Beltone Financial between 2015 and 2019. Prior to that, Nehma was the head of Asset Management and chief investment officer at EFG Hermes He has also worked on sell-side research at some of the region’s top investment banks with extensive exposure to a multitude of sectors. Nehma brings more than 20 years of experience in MENA capital markets to his role at Act Financial.
Mostafa Abdel AzizManaging Partner & Co-founderAbdel Aziz is managing partner at ACT Financial. His previous role was as CEO of Beltone Brokerage after the acquisition by Beltone Financial. He has also held senior business roles on the sell-side industry in Beltone Financial and EFG Hermes in addition to commercial banking experience at CitiBank. He brings over 18 years of capital markets experience in Egypt and MENA to his role at Act Financial.
Omar AnisDirector, EquitiesOmar Anis is the equity director at Act Financial. His most recent role was Director of Asset management at Dalma Capital where he co-managed Quencia’ s Saudi Equity Fund, the DIFC’s first Saudi equity fund. Previously, he was Portfolio Manager at Etihad Capital leading their MENA flagship fund (NMGF Fund). Prior to Etihad, he worked at Naeem Holding in Egypt as Portfolio Manager, helping the boutique investment bank to increase its asset base from 100m EGP to 1bn EGP in the period of 2 years. Prior to that, Mr. Anis was an Associate Vice President at EFG-Hermes Asset Management in UAE. Mr. Anis holds a BA in Economics from the Faculty of Economics and Political Science, Cairo University and holds the Chartered Financial Analyst (CFA) designation.
Committees
Investment Committee
Bassem Azab, CEO & co-founder
Mostafa Abdel Aziz, Managing Partner & Co-Founder
Karim Nehma, Managing Partner & Co Founder
The Investment Committee is responsible for first approval of investments after the investment team completes multiple initial reviews, discussions, and assessments of valuation and structure. After Investment Committee approval, all investments are presented to the board of directors for final approval.
Audit Committee
Mohamed Mahgoub, Board Member
Tarek Youssef, Board Member
Karim Nehma, Managing Partner
The Audit Committee approves and reviews all compliance and financial reporting processes. The committee assists the board in overseeing the internal audit and the external audit processes to maintain best practices in governance, compliance, and integrity. Act Financial has appointed Baker Tilly as external financial auditor since inception.
Remuneration Committee
Bassem Azab, CEO
Omar Abdel Gawad, Board Member
Tarek Youssef, Board Member
All remunerations including salaries and any bonuses to executive staff are preapproved by the Remuneration Committee, which reviews, structures, recommends, and evaluates all relevant company compensation structures before submission to the board of directors for final approval.
