Youssef Al Far serves as the Chief Executive Officer of Naeem Holding Compnay. Al Far has 10 years of experience in the field of managing brokerage and portfolio management firms in Egypt. He has established Naeem Commercial Services. He serves as a Director of Naeem Holding Co. and ERA Kuwait. Al Far is also the CEO of an Egypt-based company Reacap Financial Investments (REAC.CA), formerly Recap Holding, which is an engaged in the provision of portfolio and fund management services. Education: El Far is a Commerce graduate from the Faculty of Commerce (Accounting Section). He has also attended a variety of management, investment, sales and marketing courses that have qualified him to participate efficiently in establishing integrated investment service firms. Early Careers: Al Far served as Chief Executive Officer of Nile Investments for Brokerage Services. He also served as Chairman of Arab Investment Company for Portfolio Management. About Naeem Group: The Naeem Group is among the region's leading investment houses, offering a comprehensive suite of financial services to major MENA-based investors while acting as the broker of choice for foreign institutional clients seeking to invest in the region's capital markets. With paid-in capital of USD 301 million, NAEEM is a hybrid financial services firm, in that it holds significant proprietary investments owned alongside clients while at the same time housing a fully-fledged investment banking arm. The NAEEM Group delivers financial solutions through five divisions: Brokerage, Investment Banking, Private Equity, Asset Management and Research. Serviceability and client relations are a priority for the NAEEM Group, both supported by an expanding network of branches and offices; the Group currently has a physical presence across Egypt and the United Arab Emirates, as well as in Zurich, Switzerland. Naeem's Lines of Business: Naeem Holding has five primary lines of business; Securities Brokerage, Investment Banking, Private Equity, Asset Management, Research On January 16th 2011, Naeem Holding Co. announced that its Board of Directors, at its Board Meeting, approved the establishment of a new company named Gold Capital specialized in gold trading with a paid up capital of EGP 250,000. MENA MAC Fund: Naeem Holding (NAHO) announced that it would launch its mutual fund, the MENA MAC, with a capital of $50 million by the end of last March. Hazem Kamel, the Managing Director, has said that the NAHO had done by February 12th their negotiations on the time of launching the MENA MAC, an offshore mutual fund in Bahrain, aiming at achieving substantial returns after the entire Arab region had gone through political events during 2011affected on their economies. He added that the fund is going to invest in the Middle East (MENA) markets trading in stocks as well as bonds and commodities particularly in gold, silver and oil. He mentioned that the fund's main objective is achieving substantial returns from the region's varied sources of investments in their markets. Acquisition Deals: On June 28th, El Far announced that Naeem Holding will be running some acquisition deals in the field of industry. “These deals will be for Egyptian and Saudi investors and worth $150 million." El Far added Sources: http://investing.businessweek.com/research/stocks/people/person.asp?personId=113391135&ticker=NAHO:EY http://www.era-kuwait.com/Pages/ContentPage.aspx?MenuID=31 http://amwalalghad.com/en/the-watch/forex-news/6518-naeem-holding-to-activate-gold-trading-license-next-october.html http://amwalalghad.com/en/money-markets/arab-stocks/146-naho-launches-50m-mena-mac-fund.html http://amwalalghad.com/en/the-watch/indices-news/5850-naeem-to-run-takeover-deals-worth-150-mln-this-year-ceo.html
