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Giorgio Bodo
Joined ASEC CEMENT in May 2008 as the company's Chairman & Chief Executive Officer. Prior to ASEC CEMENT Mr. Bodo was the Chief Financial Officer of Italcementi & Ciments Francais since 2004. By the year 2006, he became responsible for the Group's M&A activities & was personally involved in the acquisition of major cement companies in Egypt including Suez Cement, among other regional activities. Mr. Bodo has an accomplished career in finance with many organizations including FIAT & Bank of Italy. Mr. Bodo holds a BA in Economics from University of Rome, Italy, & an MSC in Economics from University of York, UK
Ahmed Heikal
Prior to founding Citadel Capital in 2004, Mr. Heikal was an executive board member and Managing Director of EFG Hermes, which transformed during his tenure from a small financial consultancy into the leading investment bank in the Arab world.
Mr. Heikal hired EFG Hermes’ current CEO, CIO, CFO and Head of Brokerage. Inaddition to landmark capital markets and M&A transactions, he spearheaded highly successful private equity investments, one leading to the creation of Raya Holding, Egypt’s leading IT company, and another to Genco, the nation’s largest natural gas distribution company. Mr. Heikal holds a Master’s degree and a PhD in Industrial
Engineering and Engineering Management from Stanford University.
Hisham El-Khazindar
Prior to co-founding Citadel Capital in 2004, Mr. El-Khazindar was Executive Director of Investment Banking at EFG Hermes, where he advised on key transactions including the IPOs of Orascom Construction Industries, Ezz Steel and Orascom Telecom. In 1999, he was on secondment to Goldman Sachs in London, where he advised European firms on strategic options and M&A transactions. Mr. El-Khazindar sits on the boards of leading regional companies including ASEC Holding and El Sewedy Cables. He is the Chairman of the Capital Markets and Investment Committee at the American Chamber of Commerce in Egypt and a board member of the Egyptian Capital Markets Association. He holds a BA in Economics from the American University in Cairo and an MBA from Harvard Business School.
Abdalla El-Ebiary

Before joining Citadel Capital in February 2006, Mr. ElEbiary was a banker with the Investment Banking Division at Merrill Lynch & Co., where he participated in M&A transactions in addition to public and private financing, including the comprehensive financing of telecom and media companies such as Clearwire and
Valor Communications Group. Previously, he was Business Analysis Manager in the Corporate Finance Department of the MeadWestvaco Corporation. He sits on the boards of Citadel Capital platform companies including Nile River Transportation Company (NRTC), ASEC Cement and Gozour. Mr. ElEbiary holds a BA in Economics from the American University in Cairo and an MBA from Columbia University in New York.

Hesham Gabr

Hesham Gabr joined ASEC Holding in April 2006 and served as the group CEO and Managing Director until March 2011. Bringing 27 years of expertise in managing national and multinational enterprises with complex structures and diversified operations, Hesham Gabr is heading the strategic business transformation of ASEC Group. Since joining the group, he has implemented a dynamic and flexible management model and fostered operational and functional integration among the group companies. Under his leadership, the ASEC Group is being re-positioned as a regional player in the cement industry. His track record includes more than 10 years in the IT and Telecom sectors, during which he was the Managing Director for Nile Telecom Company and Triangle-MCS Company. Prior to that, he was the General Manager for the Egyptian Subsidiary of the French IT Group Bull. Hesham Gabr holds an MBA from the American University in Cairo and a BSc in Electrical Engineering from Ain-Shams University, Cairo.

Mustafa Abdalla

Mr. Mustafa Abdalla is responsible for all investment activities at Al Rajhi Holding and also represents Financial Holding International on the boards of several other companies in the banking, telecommunications, petrochemical, oil and gas, technology, and manufacturing sectors. Mr. Abdalla began his professional career with First National Bank of Chicago (now JP Morgan Chase), as a Vice President, where he held various senior executive management positions in cash management, sales and marketing, investment banking and commercial lending. He also headed the Corporate Banking division for the National Commercial Bank (NCB), Saudi Arabia’s largest bank. Additionally, Mr. Abdalla was appointed for a three-year term as Senior Public Service Administrator for the State of Illinois, and also served as a part-time professor at Northeastern University, where he was actively involved in the formation of the university's graduate school for business.

Al Mansour & Al Maghraby for Investment and Development

In cooperation with the El-Maghraby Group, another well-respected Egyptian conglomerate, the Mansour Group established the Mansour-Maghraby Investment and Development Company (MMID). MMID is particularly active in Egypt’s financial sector, with equity in several investment banking and insurance firms. MMID also participates in Egypt’s tourism, real estate development and marketing sectors, as well as in industrial and information technology projects.

Rashed Al Rashed & Sons
The Al-Rashed Group of Companies was founded in the year 1950. The various divisions of the group contribute to almost every sector of the national economy.
In partnership with other leading Saudi and foreign organizations, Al-Rashed has formed several industrial and commercial joint ventures in which it holds substantial equity interest with management responsibilities.
Established in June 2002, Majid Al Futtaim Trust is dedicated to the professional management of proprietary funds. The investment philosophy is geared towards achieving superior returns across the full spectrum of investments in domestic and international markets. The overall objective is to deliver consistent, value-added medium to long term absolute return through optimal asset allocation and security selection decisions.
CIB Representative
Under the slogan “To grow and help others grow”, CIB has gone from strength to strength and now holds the largest market capital in the Egyptian banking sector, amounting to approximately EGP 18 billion. CIB is recognized as a market leader in adopting international best practices regarding Corporate Governance and Disclosure, and creating tremendous opportunities in Retail and SME banking. CIB is recognized as the bank with the strongest brand equity in Egyptian corporate banking and has also been consistently recognized on a global level as the “Best Bank in Egypt”, an award it has received on numerous occasions from publications such as The Banker, Global Finance, Euromoney and Emerging Markets.
Welcome to ASEC CEMENT

ASEC CEMENT is a platform for investments in emerging cement markets in the Middle East and North Africa Region and was created in November 2005 by Citadel Capital, the MENA region’s leading private equity firm

ASEC Commitment

We seek to achieve and retain the continuous satisfaction of our customer, employees and shareholders because we believe it is the road to success.

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