Top 100 Arabs 2025

48. Karim Awad

Group CEO and chairman of the Executive Committee, EFG Holding

Origin: Egypt

Residence: Egypt

Sector: Finance

2024 Rank: 47

Under Awad’s leadership, the group achieved record revenues of EGP24.4bn (approximately $482m) in 2024, marking a 66 per cent year-on-year growth.

This impressive performance was driven by robust growth across all three verticals: the Investment Bank (EFG Hermes), the Non-Bank Financial Institutions platform (EFG Finance), and the Commercial Bank (Bank NXT).

The group’s net profit after tax and minority interest soared by 71 per cent year-on-year, reaching an all-time high of EGP4.3bn (around $84.9m).Total assets stood at EGP186.9bn as of December 2024.

Awad’s ability to navigate a rapidly evolving economic landscape have been pivotal in reinforcing EFG Holding’s position as a leading financial institution in the region.

Nayla Hayek

Nassef Sawiris