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Our Investment Team

AAIM’s Investment Management Leadership

Our investment performance would not be possible without the teamwork that AAIM nourishes amongst its people, led by our investment team.

Mr. Mohamed Mostafa, MBA

Managing Director, Head of Asset Management

Mr. Mohamed Mostafa boasts 20+ years of experience in MENA equities, fixed income, and alternative investments. He heads the Investment Committees of AAIM’s Equity, Fixed Income, and Private Equity Divisions. Before joining AAIM, Mr. Mostafa was Head of Buy-Side Research at Rasmala Asset Management Egypt (now Azimut Egypt). Before that, he was a key member of the Asset Management Team for the Equity Portfolios Section at KSA-based Saudi Investment Bank (previously known as Naeem Investment Program), managing more than SAR15 billion. Previously, Mr. Mostafa was Head of Research at Naeem Holding. He started his career as a Senior Financial Analyst at Prime Securities then Misr Iran Development Bank, covering petrochemicals, banking, building materials, fertilizers, and real estate sectors.

Mr. Mostafa received a B.A. in Accounting from Ain Shams University and an M.B.A. in Finance from Paris ESLSCA Business School, France.

Ms. Shaymaa El Nemr, CFA

Assistant MD – Head of Equities

With 13+ years of experience in investment, Shaymaa El Nemr boasts a solid research and investment background gained from previous experience at various reputable investment firms. El Nemr started her career in 2006 as part of the research team at Naeem Holding. In 2008, she moved to Pharos Holding for Financial Investments, where she grew to become Head of the Industrials & Consumer Research Desk, covering building materials, petrochemicals, fertilizers, private equity, consumer staples, and consumer discretionary. She later joined Beltone Financial as Head of the Regional Industrials Desk. El Nemr joined AAIM back in 2013 as part of the equity team.

Ms. El Nemr is a CFA charterholder and has a B.B.A. from the Arab Academy for Science, Technology, and Maritime Transport, with a major in Finance.

Mr. Ahmed Rashad, MBA

Senior Vice President - Fixed Income

Mr. Ahmed Rashad has 14+ years of experience in the financial services industry in the MENA region. Before joining AAIM in 2021, Mr. Rashad held the same position at Beltone Asset Management since 2018. Before that, he was Head of Fixed Income at Rasmala Asset Management Egypt (now Azimut Egypt), where he was responsible for managing mutual funds, institutional, and retail fixed income portfolios since 2009. Within the same firm, he was Equity and Fixed Income Trader and Assistant Portfolio manager since 2007. At AAIM, Mr. Rashad’s main role is fund/portfolio management, fixed income trade execution, ensuring adherence to investment guidelines set by each client within the mandated investment strategy as well as providing clients with market updates.

Mr. Rashad has a B.A. in Political Economy from the American University in Cairo and an M.B.A. from Cairo University. He is also a Certified Portfolio Manager (CPM) from the Egyptian Investment Management Association (EIMA).

Mr. Hady Medhat, CFA

Equity Portfolio Manager

Mr. Hady Medhat has 10 years of experience in both buy-side and sell-side research. Before joining AAIM, Mr. Medhat served as Associate Vice President of the Equity Department at Beltone Asset Management, where he was responsible for the research coverage of equity markets in the MENA region, mainly Saudi Arabia, UAE, and Egypt. Mr. Medhat honed his research and valuation skills in his years of work in sell-side research, where he worked at various reputable firms, such as Pharos Financial Holding and Naeem Holding for Investments. His main role is heading the buy-side research team with the sole objective of providing portfolio managers with a sustained flow of investment ideas. Mr. Medhat is responsible for developing the necessary structure that enables the research department to work in a systematic manner that would streamline the research analysis and valuation process and minimize the reaction time to fundamental and market developments.

Mr. Medhat is a CFA charterholder and has a bachelor’s degree in Economics from the Faculty of Economics & Political Science at Cairo University. He attended an executive education course on advanced valuation at NYU Stern, taught by the world-renowned Professor Aswath Damodaran.