IFC Middle East and North Africa Fund makes equity and equity-related investments in companies across the MENA region
Head
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.
Principal
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.
Senior Investment Manager
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.
| Investment | Sector | Country | Status | Investment Date |
|---|---|---|---|---|
| Apex International Energy | Oil & Gas | Egypt, Arab Republic of | Current | November, 2017 |
| Integrated Diagnostics Holding | Healthcare | Egypt, Arab Republic of | Current | June, 2021 |
| Network International | FinTech | United Arab Emirates | Current | November, 2016 |
| Souq.com | E-Commerce | United Arab Emirates | Exited | November, 2015 |
| Yellow Door Energy | Renewable Distributed Generation | Middle East & North Africa | Current | March, 2019 |
Oil & Gas
Egypt, Arab Republic of
Current
November, 2017
Healthcare
Egypt, Arab Republic of
Current
June, 2021
FinTech
United Arab Emirates
Current
November, 2016
E-Commerce
United Arab Emirates
Exited
November, 2015
Renewable Distributed Generation
Middle East & North Africa
Current
March, 2019