Sunday, June 22, 2008

“Future Trends in Egypt ”


Beltone Financial, the fastest growing investment bank in the Middle East and North Africa region with assets-under-management of USD$5 billion, will be hosting the “Future Trends in Egypt” forum with the participation of Egyptian corporate and governmental leaders.

They will provide UK investors with unique insights on the Egyptian market, recent economic reforms and the factors that they expect will continue to drive growth and ensure Egypt ’s position as a prime investment destination for international investors.

Since 2003, the Cairo and Alexandria Stock Exchange (CASE) has consistently registered year-after-year top performance on a worldwide basis, with stocks up 2000%, and an increase in foreign investment into Egypt from US$400 million in 2002 to more than $11.1 billion in 2007/2008, year-to-date.

Taking part in the forum will also be 10 of the leading CASE-listed companies. These companies hail from across key industry sectors, have an aggregate market capitalization of USD 32 billion and account for nearly 20% of the Egyptian stock market by market capitalization. A number of these companies’ shares are also traded as GDRs on the London Stock Exchange.


Key government ministers and business leaders will be presenting to international investors and the media on prospects for the Egyptian economy, factors underlying continued strong investor confidence and expected robust growth and ongoing expansion by Egyptian and other regional companies. Among these leading figures are:

-His Excellency Dr. Mahmoud Moheildin, Minister of Investment, Egypt ;
-Aladdin Saba, Chairman and co-founder, Beltone Financial;
-Ali El Tahry, Managing Director and co-founder, Beltone Financial;
-Angus Blair, Head of Research, Beltone Financial;
-Nassef Sawiris, CEO, Orascom Construction Industries;
-Samih Sawiris, Chairman and CEO, Orascom Hotels and Development;
-Hisham Ezz Al Arab, Chairman, Commercial International Bank (CIB);
-Raouf Ghabbour, Chairman, Ghabbour Auto;
-Ahmed El Sewedy, Chief Executive Officer, El Sewedy Cables;
-Hassan Nouh, General Manager, Al Ezz Steel Rebars;
-Mohamed Kamel, Board Member & Vice President - Corporate Development, Egyptian Resorts Company;
-Hossam El Mestikawi, Chief Financial Officer, Olympic Group;
-Yehia Kotb, Chairman, Egyptian Financial Industrial.