Ahmed Heikal

Chairman and Founder, Qalaa Holdings


Prior to founding Qalaa Holdings — an African leader in infrastructure and industry with subsidiaries in energy, cement, agrifoods, transportation & logistics, and mining — Dr. Heikal was an executive board member and Managing Director of EFG Hermes Holding, which he helped transform from a small financial consultancy into the leading investment bank in the Arab world and the second largest full-service investment bank in global emerging markets. He was head of asset management (1994-95), head of investment banking (1996-97), head of securities (1997-99), and head of private equity (1999-2001). There, he spearheaded highly successful private equity investments, one leading to the creation of Egypt’s leading IT company (Raya Holding) and another to the nation’s largest natural gas distribution company (Genco). He also raised three rounds of finance for regional mobile telecommunications operator Orascom Telecom and led the IPOs of Orascom Construction Industries and Orascom Hotels, among other landmark transactions. Dr. Heikal holds a Master’s degree and a PhD in Industrial Engineering and Engineering Management from Stanford University.