Khaled Badawi, CEO of NCB Capital, the National Bank of Egypt’s investment arm, has been chosen as the successor to Ashraf Sharkawy as the minister of public sector affairs on Sunday.
Badawi served as the chief executive officer of NCB Capital in May 2016 to date and has great experience in the field of investment banking and companies.
Before NCB Capital, Khalid Badawi was appointed managing director of Esaco Manufacturing Engineering & Contracting, part of the Qalaa Holdings investment group.
NCB Capital was founded in 2008 with a capital of EGP 40bn and a licensed and paid-up capital of EGP5bn. The bank currently owns direct shares in 13 companies operating in the sectors of chemicals, petrochemicals, iron and steel, cement, fertilisers, agriculture, health care, and financial services.