ACH names new PE VP

Font Bigger Smaller

Al Ahly Capital Holding (ACH) has elevated Omar Demerdash to the position of vice president for private equity.

Demerdash has been at ACH for over three years and was most recently senior investment associate for private equity – in three years to 2023.

He joined ACH in 2019 from National Bank of Fujairah, a United Arab Emirates (UAE)-based financial services company where he was senior manager for less than a year from 2019 and 2020.

ACH’s Africa deal include backing an investment into Canal Sugar Company, an Egypt-based agriculture production company sealed in 2018.

The investor also sealed a buyout deal, acquiring 94.5% stake in El Nada West Hospital, an Egypt-based healthcare company in 2020.

In 2021, ACH partially exited its stake in Alexandria Mineral Oils Company (AMOC), an Egypt-based energy company – reducing its stake in the company to 19.9%.

ACH is a private equity arm of National Bank of Egypt (NBE) that was created in 2008 to back deals across Egypt.

Karim Saada is chief executive officer and managing director at ACH.


Harith’s SAA co-investors fail sign off