CI Capital PE for Fund Management and Investment (CIPE), a subsidiary of CI Capital Holding, has announced the appointment of Karim Badr as Chief Executive Officer. This strategic move underscores the Egyptian financial services group’s ambition to broaden its footprint in non-traditional asset classes, including private equity and closed-ended fund management.
Hesham Gohar, CEO of CI Capital Group, commented:
The appointment of Karim Badr as CEO of private equity marks a natural progression in CI Capital’s growth journey and a pivotal step in expanding our presence in the region’s private markets. CI Capital boasts one of the most diversified financial services platforms in Egypt, and we remain committed to strengthening our local and regional footprint while continuing to diversify our business model to meet the needs of a broader investor base.
Expressing his enthusiasm, Karim Badr said:
I’m delighted to join CI Capital at this pivotal stage of its expansion journey. The group has an outstanding track record in financial and investment services, and I look forward to working with the distinguished team to further strengthen the company’s position in its fund management and private equity businesses.
Before joining CI Capital, Badr served as Chief Executive of the Utilities and Infrastructure Sub-Fund at the Sovereign Fund of Egypt, where he led investments in sustainable energy, power, water, transport and logistics, and digital infrastructure.
His career also includes senior leadership roles such as Regional Capital Markets Leader at GE Power in the UAE, covering the Middle East and South Asia, and Managing Director at Qalaa Holdings, a leading African investment group with a diversified portfolio.
Badr holds a Bachelor’s degree in Construction Engineering from the American University in Cairo and an Executive MBA jointly awarded by Columbia Business School and London Business School.
