NAEEM Private Equity

What NAEEM Private Equity does

NAEEM Holding for Investments (ticker NAHO) is a MENA-focused, dually-listed full-fledged investment banking group headquartered in Egypt with operations in the UAE, originally formed in 2006 by merging Nile Investments (Egypt, 1997) and NAEEM Shares & Bonds (UAE, 2004). The company operates five core business lines: securities brokerage through three arms (NAEEM Brokerage Egypt, Smart Securities Brokerage, and NAEEM Shares & Bonds in UAE); asset management through NAEEM Financial Investments (NFI) in Egypt and Etihad Capital in UAE; investment banking advisory and capital placement; securities research covering 45-50 MENA tickers with approximately 300 notes published quarterly in English and Arabic; and gold bullion trading via Gold Capital (est. 2011), the first licensed Egyptian gold trading operation.

NAEEM's revenue model is diversified across transaction fees (brokerage commissions, gold trading, proprietary investment gains), recurring fees (asset management and research subscriptions), and professional services (investment banking advisory). Customer segments span institutional investors, high net-worth individuals, and retail clients (986 retail clients served in Q2-24), with a shareholder base exceeding 4,000 institutional and retail investors and brokerage market reach extended to Gulf countries, Europe, and the United States through third-party arrangements. The company holds paid-in capital of USD 245.3M and total investments exceeding USD 300M, with a notable proprietary investment book spanning REACAP Financial Investments (56.2%), Smart Village Company (33%), Egyptian Gulf Bank (7.4%), and wholly-owned Smart Pack for Packaging Materials.

In 2018, NAEEM became the first Egyptian company to achieve dual listing on the Dubai Financial Market, a structural differentiator that supports cross-border capital flows between Egypt and UAE markets. The group employs over 200 professionals of multiple nationalities, led by Vice Chairman/CEO and founder Youssef Elfar, and is governed by Chairman Hussein Shobokshi with Group Deputy CEO/CIO Omnia Kelig (Forbes Middle East 100 Most Powerful Businesswomen 2023). Technology capabilities are not a disclosed focus: the firm offers a self-serve online trading platform (NAEEM Online Trading) but has not publicly articulated proprietary technology, AI, or data assets. Revenue is highly exposed to MENA capital markets activity, Egyptian macroeconomic conditions, and gold price cycles, and recent financial data suggests material revenue and earnings compression through 2024-2025.

Name

NAEEM Private Equity

Legal name

NAEEM Holding for Investments

Website

https://naeemholding.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

NAEEM Holding is a MENA full-fledged investment banking group providing securities brokerage, asset management, investment banking, research, and gold trading across Egypt and UAE, serving institutional, high net-worth, and retail clients.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940), Commodity Contracts Intermediation (52316), Open-End Investment Funds (525910)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Investment banking services
• Securities brokerage
• Asset management
• Equity research
• Gold trading

Headquarters

HQ city

6 October City

HQ country

Egypt

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Securities Brokerage: Commission-based brokerage services for equities and securities trading through multiple brokerage arms (NAEEM Brokerage Egypt, Smart Securities Brokerage, and NAEEM Shares & Bonds in UAE). Ranked 17th Brokerage House in Egypt during Q2-24 with EGP 20.1Bn total transactions value.
2. Asset Management: Asset management services through NAEEM Financial Investments (NFI) in Egypt and Ethiad Capital in UAE. Serves institutions, high net-worth individuals, and retail clients with tailored investment solutions using fundamental, quantitative and technical tools.
3. Investment Banking: Advisory and strategic placement services for private and public funding transactions. Includes capital placements, strategic transactions, origination and quality execution across different industries.
4. Research: Securities research covering 45-50 MENA tickers across telecommunications, real estate, petrochemicals, oil & gas, building materials and financial services. Publishes close to 300 research notes quarterly in English and Arabic.
5. Gold Trading: Gold Capital operates in trading raw gold bullions with highest purity of 999.9, sourced locally and imported from Switzerland. Provides buying/selling at live international prices with delivery services including customs and stamp duty.
6. Proprietary Investments: Strategic portfolio of proprietary investments in diversified sectors including Real Estate, Industrial, Banking and Financial Services generating returns on invested capital.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

NAEEM is a MENA-focused full-fledged investment bank delivering securities brokerage (Egypt and UAE), asset management, investment banking advisory, MENA equity research, and gold bullion trading. It serves institutional investors, high-net-worth individuals, and retail clients through a network of brokerage branches in Egypt and UAE, with services extended to Gulf, Europe and the US via third-party arrangements.

Product overview

NAEEM is a full-fledged investment banking group offering a diversified portfolio of financial products and services. Its core offerings include Securities Brokerage (via NAEEM Brokerage Egypt NBE, Smart Securities' Brokerage, and NAEEM Shares & Bonds NSB), Asset Management (via NAEEM Financial Investments NFI and Etihad Capital), Investment Banking, Securities Research, and Gold Trading (via Gold Capital). The company also operates a proprietary investment portfolio including REACAP Financial Investments, Egyptian Gulf Bank, Smart Pack for Packaging Materials, and Smart Village Company, and launched Egypt's first Real Estate Investment Fund (REIT) in 2017. Services are delivered across Egypt and the UAE with reach extended to Gulf countries, Europe, and the US through third-party arrangements.

Differentiator

Problem solved

Functional benefit

Brands

• Gold Capital: First Egyptian company to trade in gold bullions from all over the world, established in early 2011. Operates in trading raw gold in processed bullions locally produced or imported from Switzerland. Deals only in gold with highest purity of 999.9.
• NAEEM Asset Management
• NAEEM Research

Products and services

• NAEEM Brokerage Egypt (NBE) Securities brokerage services in Egypt ranked among top 15 brokerage houses, serving local institutions and high net-worth individuals with trading across Egyptian, Gulf, European and US markets through third-party arrangements.
• NAEEM Shares & Bonds (NSB) NAEEM's brokerage arm in the UAE providing securities brokerage services for regional institutions, high-net-worth individuals and retail clients.
• NAEEM Asset Management Asset management services providing investment opportunities in MENA capital markets for institutions, high net-worth individuals and retail clients, operated through NAEEM Financial Investments (NFI) in Egypt and Etihad Capital in the UAE using fundamental, quantitative and technical analysis.
• NAEEM Investment Banking Advisory and strategic placement services for private and public funding transactions, combining origination and execution across different industries for proprietary and client mandates.
• NAEEM Research Securities research covering 45-50 actively covered MENA tickers across telecommunications, real estate, petrochemicals, oil & gas, building materials and financial services, publishing close to 300 research notes quarterly in English and Arabic.
• Gold Capital (Gold Trading) Gold bullion trading in 999.9 purity sourced locally or imported from Switzerland, offering buying and selling at live international prices with delivery services including customs and stamp duty.
• NAEEM Financial Investments (NFI)
• Etihad Capital (EC)
• NAEEM Real Estate Fund First Real Estate Investment Fund (REIT) in Egypt licensed by the Egyptian Financial Supervisory Authority (EFSA) in March 2017. Closed-ended fund targeting EGP 1 billion, investing in fully developed income-producing commercial and office space assets, targeting an annual internal rate of return of 26% over a 3-year term extendable by 2 years, intended for listing on the Egyptian Stock Exchange. Minimum subscription for individuals is EGP 50,000.

Quantifiable outcome

• Ranked 17th Brokerage House in Egypt during Q2-24
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core.

• Smart Pack for Packaging Materials CompanycoreStrategic or Co-development Partner · 1 September 2020Joint-stock company established in September 2020, manufacturing and printing corrugated cardboard with production capacity of 96,000 tons per year on 35,000 square meters land in 10th of Ramadan City.
• Smart Securities' Brokerage (formerly Al Tawfik Brokerage)coreStrategic or Co-development Partner · 1 November 2016NAEEM's brokerage arm acquired in November 2016, operating in Egypt under the brokerage umbrella.
• REACAP Financial InvestmentscoreStrategic or Co-development PartnerREACAP Financial Investments is a publicly listed company, 56.2% (directly and indirectly) owned by NAEEM Holding. Includes residential apartments, buildings, and land in Smart Villages Co. in addition to vacant touristic land in Marsa Alam.
• Egyptian Gulf Bank (EGB)coreStrategic or Co-development PartnerNAEEM holds a 7.40% stake in Egyptian Gulf Bank, a public company listed on the Egyptian Exchange and traded in USD.
• Smart Village Company (SVC)coreStrategic or Co-development PartnerNAEEM holds a 33% (direct and indirect) stake in Smart Village Company, owning and managing lands and buildings in Smart Villages.
• NAEEM Brokerage Egypt (NBE)coreStrategic or Co-development PartnerOne of three brokerage arms operating in Egypt, established in 1997 as Nile Investments, ranked among top 15 companies focusing on local Institutions and high-net-worth individuals.
• NAEEM Shares and Bonds (NSB)coreStrategic or Co-development PartnerNAEEM's UAE brokerage arm established in 2004, ranking among top brokers, operating alongside Egypt operations under unified NAEEM Holding structure.
• NAEEM Financial Investments (NFI)coreStrategic or Co-development PartnerNAEEM's asset management/investment banking company based in Egypt, serving domestic market with investment solutions.
• Etihad Capital (formerly Al Tawfik Financial Investments)coreStrategic or Co-development PartnerNAEEM's licensed investment bank in UAE and asset management arm, providing regional coverage in conjunction with Egypt operations.
• Gold CapitalcoreStrategic or Co-development PartnerNAEEM's gold trading subsidiary established in early 2011, operating in gold bullions from all over the world, cooperating with PAMP in Switzerland and MKS in Dubai.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Pharos Holding for Financial Investments: Egyptian investment bank with securities brokerage, asset management and investment banking; competes head-to-head with NAEEM in Egyptian institutional and retail brokerage rankings.
• Beltone Holding: Egyptian investment bank and asset manager providing brokerage, AM and IB advisory services. Directly comparable to NAEEM's product set and Egypt-focused client base, with overlap in talent pool.
• CI Capital Holding: Egyptian financial services group operating in investment banking, securities brokerage and asset management; comparable mid-tier Egyptian full-service investment bank competing for similar institutional clients.
• HC Securities & Investment: Egyptian investment bank providing brokerage, asset management and corporate finance services, operating in a similar tier to NAEEM with comparable product offerings and Egyptian client base.
• Shuaa Capital: UAE/Gulf-based investment bank offering asset management, investment banking and securities services; comparable to NAEEM's Etihad Capital subsidiary and dual-jurisdiction (Egypt/Gulf) operating model.
• EFG Hermes: Leading MENA investment bank offering brokerage, asset management, investment banking and research across the same core lines as NAEEM, with significantly larger scale and broader regional footprint.

Regional players

• Emirates NBD Securities: UAE brokerage arm of Emirates NBD offering equities trading and research; comparable brokerage product to NAEEM Shares & Bonds in the UAE market.
• Riyad Capital: Saudi Arabian investment bank offering brokerage, asset management and IB advisory; comparable to NAEEM in service mix but operates in the Saudi market rather than Egypt/UAE.

Others

• PAMP (MKS PAMP GROUP): Swiss precious metals refinery and supplier to NAEEM's Gold Capital subsidiary; relevant as the upstream gold bullion counterparty and adjacent participant in NAEEM's gold trading vertical.

Broad incumbents

• Mubadala Investment Company: UAE sovereign investor with extensive asset management and direct investment operations; broader and larger-scale peer to NAEEM's proprietary investment and asset management franchises.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/naeem-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about NAEEM Private Equity