IFC Middle East and North Africa Fund

IFC Middle East and North Africa Fund makes equity and equity-related investments in companies across the MENA region


Fund facts

Size (US)$162.4 million Vintage Year 2015 SectorMulti-sector RegionMiddle East North Africa

IFC Middle East and North Africa Fund makes equity and equity-related investments in companies across the MENA region

Investment Approach: 
MENA Fund (after fundraising closes)
Fund Family: 
show on page: 
Yes
Size: 
$162.4 million
Region: 
Middle East North Africa
Sectors: 
Multi-sector
Vintage Year: 
2015
Back Ground Image: 

Fund team

Bassel Hamwi

Head

Bassel Hamwi

Head, IFC Middle East and North Africa Fund

Prior to joining AMC in 2014, Bassel was the CEO of Bank Audi Syria, the country’s largest private lender. Before Bank Audi, he spent 14 years with IFC in Washington, DC and Cairo, and was in charge of a number of direct investments in the Mashreq and GCC sub-regions. Bassel holds an MBA in International Finance and a BBA in Business Computer Information Systems from the University of North Texas and is an alumnus of the Harvard Business School.

Navtej  Dhillon

Principal

Navtej  Dhillon

Principal, IFC Middle East and North Africa Fund

Prior to joining AMC in 2014, Navtej was a Senior Advisor at the U.S. Treasury, working on financial challenges in emerging markets. He initiated a new Transition Fund and managed Jim Kim’s transition as the new World Bank Group President. Navtej has previously worked with Jim Wolfensohn in various advisory and economic research roles.

 

Navtej has a BSc in Business Management from King’s College London and an MA in International Relations from the London School of Economics. 

Scott Mills

Senior Investment Manager

Scott Mills

Senior Investment Manager, IFC Middle East and North Africa Fund

Scott joined the IFC Middle East and North Africa Fund in 2015 as an Investment Manager. Prior to AMC, Scott spent five years at IFC working with governments to develop infrastructure through Public-Private-Partnerships across the MENA region. Scott has lived in the Middle East for over eight years and previously worked for a UAE-sponsored infrastructure private equity fund. Before moving to the Middle East, Scott worked for Ernst & Young and the Royal Bank of Scotland in London in their project and asset finance teams.

 

Scott holds an MA from Cambridge University and is a Chartered Management Accountant. 

Georges Sinclair Sakou

Investment Manager

Georges Sinclair Sakou

Investment Manager, IFC Middle East and North Africa Fund

Georges joined the IFC Middle East and North Africa Fund in April 2016 as an Investment Manager. Prior to joining AMC, Georges worked at IFC on infrastructure and TMT investments in Sub-Saharan Africa. Earlier in his career, Georges worked at CDCEntreprises (now BPiFrance) on their private equity team.

 

Georges holds an MBA from the Catholic University of Lille. 

Portfolio

Investment Sector Country Status Investment Date
Network International FinTech United Arab Emirates Current November, 2016
Souq.com E-Commerce United Arab Emirates Exited November, 2015

Company

Sector

FinTech

Country

United Arab Emirates

Status

Current

Investment Date

November, 2016

Sector

E-Commerce

Country

United Arab Emirates

Status

Exited

Investment Date

November, 2015