Al Ahly Capital Holding

What Al Ahly Capital Holding does

Al Ahly Capital Holding (ACH) is an Egyptian investment holding company established in 2008 as the dedicated investment arm of the National Bank of Egypt (NBE), Egypt's largest commercial bank. The company operates through three strategic pillars — Private Equity, Capital Markets, and Non-Banking Financial Services — and is positioned as the gateway and trusted partner for investment in Egypt for local, regional, and foreign investors. ACH manages a private equity portfolio exceeding EGP 10 billion across petrochemicals, healthcare, education, agriculture, and financial services, with notable holdings in ETHYDCO (21%), AMOC (17.4%), Canal Sugar (30%), Al Ahly Medical Company (60%), and Al Ahly CIRA for Education (49%). The Capital Markets pillar is delivered through Al Ahly Pharos Securities Brokerage (a top-5 Egyptian brokerage house), Al Ahly Pharos Investment Banking (with cumulative transactions exceeding EGP 200 billion), and Al Ahly Financial Investment Management (AFIM), which manages EGP 65.2 billion in assets and holds 34.7% market share in Egyptian capital markets as of 2023. The NBFS pillar comprises Al Ahly Tamkeen, a greenfield microfinance company with 60 branches and EGP 2.296 billion in loans issued in 2023, and Al Ahly Momkn, an e-payments platform with a 90,000-merchant network processing 70+ million monthly transactions. ACH leverages NBE's brand, balance sheet, and branch network for distribution while maintaining operational autonomy in investment decision-making.

Underlying technology assets include the Pharoslive online trading platform (described as Egypt's most advanced, offering real-time market data, portfolio tracking, and advanced analytics across iOS, Android, and web), digital microfinance lending infrastructure supporting fast loan processing for Tamkeen, and the fully digitized Al Ahly Momkn e-payment system supporting POS, soft POS, QR codes, e-wallets, and Instapay integrations. ACH also integrates with Western Union through its 15.1% stake in IBAG (Egypt's largest Western Union agent at ~65% market share, USD 1.3 billion in 2020 transactions), and with Mastercard and Fawry within its payment ecosystem.

ACH's revenue model spans four streams: private equity returns (capital gains, management fees, carried interest on portfolio exceeding EGP 10 billion), capital markets services (brokerage commissions, IB advisory/underwriting/success fees, AFIM management fees on EGP 65.2 billion AUM), and non-banking financial services (microfinance interest income and e-payment transaction fees). The customer base is hybrid: institutional and corporate clients for investment banking and asset management, retail and high-net-worth investors for brokerage and Pharoslive, growth-stage companies for direct PE investments, and unbanked/underbanked individuals plus small merchants for microfinance and e-payments.

Name

Al Ahly Capital Holding

Legal name

Al Ahly Capital Holding

Website

https://alahlycapital.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Al Ahly Capital Holding is the investment arm of Egypt's National Bank of Egypt, operating private equity, capital markets, and non-banking financial services. It manages EGP 10+ billion in PE holdings, EGP 65.2 billion in AUM via AFIM, and serves institutional, retail, and unbanked customers across Egypt.

Ownership category

akta.pro rank

Product category

Investment Holding & Financial Services

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Open-End Investment Funds (52591), Miscellaneous Intermediation (52391)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

Keywords

• Private equity investments
• Investment banking services
• Asset management
• Securities brokerage
• Microfinance lending

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Private Equity Investment Returns: ACH generates returns through acquiring active minority stakes in companies, helping them realize growth potential. Revenue comes from management fees, carried interest on fund investments, and value creation through active portfolio management
2. Capital Markets Services: Securities brokerage earns commissions on equity market transactions; investment banking earns advisory fees, underwriting fees, and success fees on M&A and capital raising transactions; asset management (AFIM) earns management fees on EGP 65.2 billion in assets under management
3. Non-Banking Financial Services: Al Ahly Tamkeen generates interest income and service fees from microfinance lending. Al Ahly Momkn earns transaction fees from e-payment processing services across its merchant network

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

ACH is a full-fledged investment and financial hub operating through three strategic pillars: Private Equity (active minority investments in petrochemicals, healthcare, education, agriculture, and financial services sectors with a portfolio exceeding EGP 10 billion), Capital Markets (securities brokerage, investment banking advisory, and asset management with EGP 65.2 billion AUM through AFIM), and Non-Banking Financial Services (microfinance through Al Ahly Tamkeen and e-payments through Al Ahly Momkn). The company serves as the investment arm of the National Bank of Egypt, providing comprehensive investment solutions to local, regional, and foreign investors.

Product overview

Al Ahly Capital Holding (ACH) is a leading Egyptian investment holding company offering a comprehensive suite of investment services through three strategic pillars: Private Equity, Capital Markets, and Non-Banking Financial Services (NBFS). The company operates as the investment arm of the National Bank of Egypt, established in 2008. Its Private Equity segment manages a portfolio exceeding EGP 10 billion across petrochemicals, healthcare, education, agriculture, and financial services. Capital Markets operations include Al Ahly Pharos Securities Brokerage, Al Ahly Pharos Investment Banking (with EGP 200 billion+ transaction track record), and Al Ahly Financial Investment Management (AFIM) managing EGP 65.2 billion in assets. The NBFS segment encompasses Al Ahly Tamkeen for microfinance and Al Ahly Momkn for e-payments. Additional offerings include the Pharoslive online trading platform and various investment platforms in healthcare, education, and petrochemicals. The company serves as a gateway and trusted partner for investment in Egypt for local, regional, and foreign investors.

Differentiator

Problem solved

Functional benefit

Brands

• Al Ahly Pharos: Capital markets platform including securities brokerage and investment banking services
• Pharoslive
• AFIM
• Al Ahly Tamkeen
• Al Ahly Momkn

Products and services

• Private Equity Investments Direct minority investments in growth-stage companies across Egyptian high-growth sectors including petrochemicals, construction, raw materials, agriculture, healthcare, education, and financial services; managing a portfolio exceeding EGP 10 billion with active board representation and operational involvement.
• Al Ahly Pharos Securities Brokerage Securities brokerage services providing access to Egyptian market stocks, gold funds, money market funds, and GDRs execution, maintaining a top 5 position among brokerage houses in Egypt.
• Al Ahly Pharos Investment Banking Investment banking division providing strategic advisory, capital raising, and M&A services with over 15 years track record and transactions exceeding EGP 200 billion across DCM and ECM; MENA-focused with transactions worth USD 14+ billion.
• Al Ahly Financial Investment Management (AFIM) Asset management arm with over two decades of track record and total assets under management of EGP 65.2 billion as of 2024, offering equity funds, balanced funds, Islamic funds, money market funds, and fixed-income funds, with 34.7% market share in 2023.
• Pharoslive Online Trading Platform
• Al Ahly Tamkeen Microfinance Microfinance company providing tailored financial services to underserved segments including micro-loans for individuals (up to 1 year tenor), small business loans for kiosks (up to 20 months), leasing for fixed assets, and agro loans for farmers; EGP 2.296 billion in total loans issued in 2023 across 60 branches and 107,000 loans.
• Al Ahly Momkn E-Payments
• Healthcare Investment Platform
• Education Investment Platform Education investment vehicle established with CIRA to enhance all stages of education in Egypt, including Cairo Saxony University for Applied Sciences and Technologies, Egypt's first private technology and applied education university.
• Petrochemical Investment Platform
• Canal Sugar Company Investment Sugar beet processing facility in West Minya with a total investment of USD 1 billion, financed at 70:30 debt-equity ratio, targeting 1 million tons of white sugar production annually; ACH owns 30% stake.
• IBAG Money Transfer Services
• ETHYDCO Petrochemicals Investment Egyptian Ethylene and Derivatives Company - the largest petrochemicals complex in Egypt and Africa, producing linear low/high-density polyethylene and polybutadiene with 70% export orientation; ACH owns 21% stake.
• Al Ahly Medical Company (AMC)
• DAWI Clinics Investment Largest chain of outpatient care in Egypt operating 20 branches across 9 governorates, serving over 120,000 patients with coordinated family care from 260+ doctors; ACH holds minority stake.

Quantifiable outcome

• Portfolio value exceeding EGP 10 billion with multiple successful investments and exits including Abu Qir Fertilizers, Cement Qena, Canal Sugar, IBAG
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• SIDC (Orascom Construction Subsidiary)coreStrategic or Co-development Partner · 23 May 2022ACH signed agreement with SIDC to jointly develop a 2.2 million square meter industrial park in Abu Rawash, Giza. SIDC serves as lead developer leveraging expertise from Egypt's first private industrial developer of 10 million square meter industrial zone in Sokhna.
• Cairo for Investment and Real Estate Development (CIRA)coreStrategic or Co-development Partner · 1 January 2021ACH partnered with CIRA to establish Al Ahly CIRA for Educational Services (51% CIRA, 49% ACH), targeting education sector investments in Egypt. The venture launched Cairo Saxony University for Applied Sciences and Technologies, Egypt's first private technology and applied education university.
• Al Ahly TamkeencoreOthers · 1 January 2021ACH launched Al Ahly Tamkeen as its greenfield microfinance arm in 2021, rapidly growing to become one of Egypt's prominent microfinance companies. Al Ahly Payments is the holding entity including Tamkeen for micro-finance and Momkn for e-payments.
• Al Ahly Pharos (Securities Brokerage and Investment Banking)coreOthers · 1 January 2021ACH operates capital markets platform through Al Ahly Pharos Securities Brokerage and Al Ahly Pharos Investment Banking, acquired and integrated under ACH's umbrella. AFIM (Al Ahly Financial Investment Management) was also acquired in 2021.
• Western UnioncoreChannel Partner/ Reseller/ Distributor · 1 January 2020ACH holds 15.1% stake in IBAG (International Business Associates Group), Western Union's first and largest agent in Egypt with approximately 65% market share of total Western Union transactions amounting to USD 1.3 billion in 2020.
• Canal Sugar Company - Al Ghurair GroupflagshipStrategic or Co-development Partner · 1 January 2018ACH holds 30% stake in Canal Sugar Company, a joint venture with UAE's Al Ghurair Group (37% stake) and Murban Energy/Alpha Dhabi (33% stake). The project involves a USD 1 billion sugar beet processing facility in West Minya, Egypt, reclaiming 188,000 acres of desert land.

Scale indicators16 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• CI Capital Holding: Egyptian investment bank and asset manager offering IB advisory, securities brokerage, asset management, and consumer finance. Closely comparable to ACH's integrated model, especially after CI Capital's sale to industry peers; competes for similar IB and AM mandates in Egypt.
• HC Securities and Investment: Egyptian securities and investment banking firm (historically affiliated with Morgan Stanley) providing brokerage, IB, and asset management. Directly comparable to Al Ahly Pharos in capital markets coverage and corporate finance advisory in Egypt.
• EFG-Hermes Holding: Egypt's largest and most diversified investment bank, offering brokerage, investment banking, asset management, and private equity across MENA. Directly comparable to ACH's integrated Capital Markets and PE platform and competes for the same Egyptian IB and AM mandates.
• Tanmeyah Microenterprise Services: One of Egypt's largest microfinance companies, operating in the same unbanked/underbanked segment as Al Ahly Tamkeen. Directly comparable in scale, target customer, and product set, and competes for the same Egyptian microfinance borrowers.
• Qalaa Holdings: Egyptian private equity firm focused on large-scale industrial and infrastructure investments across energy, cement, agrifoods, and transportation. Closely comparable to ACH's Private Equity pillar in sector mix (petrochemicals, cement, agriculture) and large-ticket direct investment strategy.
• BPE Partners (Banque Misr's PE arm): Egyptian private equity firm and the PE arm of Banque Misr, focused on growth-stage and mid-market Egyptian deals. Direct peer to ACH's private equity pillar; both are state-affiliated bank-backed PE platforms competing for the same Egyptian growth assets.
• Fawry for Banking Technology and Electronic Payments: Egypt's leading e-payment and digital financial services platform, providing POS, e-wallets, and bill payments. Directly comparable to Al Ahly Momkn's e-payment network and a major competitor in Egyptian merchant acquiring and digital payments.
• Beltone Financial Holding: Egyptian financial group providing investment banking, securities brokerage, asset management, and private equity. A direct competitor across ACH's Capital Markets and PE pillars, with overlapping target clients in Egyptian corporates and HNW investors.

Others

• GB Corp / GB Auto: Egyptian-listed conglomerate and one of ACH's portfolio comparables in the Egyptian capital markets and PE ecosystem. Relevant as a publicly traded Egyptian counterparty in the same investment universe ACH targets and advises.

Emerging players

• Egyptian Arab Land Bank / AAIB Investment Arms: Egyptian and regional investment platforms associated with major banks, offering similar PE and securities services. Partial overlap with ACH's three-pillar model and competes for the same Egyptian capital markets and PE deal flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alahly-capital-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Ahly Capital Holding