Top 100 Arabs 2024

47. Karim Awad

Group CEO and Chairman of the Executive Committee, EFG Holding

Origin: Egypt

Residence: Egypt

Sector: Finance

2023 Rank: 48

EFG Holding is headquartered in Egypt and operates out of several markets, ranging from the UAE, Saudi Arabia and Kuwait to Bahrain, Pakistan, Kenya, Nigeria and the UK. It operates across three verticals, including its investment bank (EFG Hermes), its non-banking financial institutions platform (EFG Finance), which is home to Valu amongst others, and its commercial banking arm aiBANK. Awad has guided EFG Holding into becoming one of the region’s most influential banking and investment groups. In 2023, the company was a key player behind the listing of parking operations company, Parkin, on the Dubai Financial Market. Earlier this year, the company reported its net profit after tax and minority interest came in at EGP2.5bn, up 39 per cent year-on-year. The group also achieved record revenues of EGP14.7bn.

Mohamed Juma Al Shamisi

Nassef Sawiris