Board of directors

Ibrahim Karam

Chief Executive Officer

Ibrahim Karam

Chief Executive Officer

Mr. Ibrahim Karam is the Chief Executive Officer of Beltone Financial.
Armed with a long-standing executive management track record boasting over 25 years of experience of financial & investment fields. Mr. Karam gained his experience from working in different multinational corporations across Europe and Eastern Europe for over 16 years, before ultimately returning to Egypt.
Mr. Karam held different senior positions in VEON, a multinational telecommunication Services Company headquartered in Amsterdam where ultimately, he was the VP Finance for Emerging Markets managing operations worth north of $10 billion while holding different Board of Directors positions across the group. Mr. Karam held multiple positions in Investment Banking and Asset management firms in Egypt and UK. He also held various leading and senior positions in Orascom Telecom Holding and Wind Group. Following his return to Egypt, Mr. Karam served as CEO of both Tahya Misr Fund and Tahya Misr Holding Company for more than a year.
Mr. Karam holds a Master of Business Administration with a major in Finance from Maastricht School of Management, the Netherlands and a bachelor’s degree in Economics & Political Science.

Mr. Mounir Fakhry Abdel Nour

Non executive board member




Mr. Tamer Al-Mahdi

Non executive board member




Mr. Gamal Muharram

Non executive board member





Magued Shawky

Maged Shawky

Executive Chairman

Maged Shawky

Executive Chairman

Mr. Shawky is the Executive Chairman of Beltone Financial.
He brings over 17 years of regulatory and investment experience from his extensive work in stock exchanges across different continents. Prior to Beltone, Mr. Shawky was the Executive Chairman of the Egyptian Exchange from 2005 until 2010. He was also an advisor to the Minister of Foreign Trade & Economy for ten years, handling capital markets affairs. Mr. Shawky was the chairman of the African Securities Exchanges Association and the vice-chairman of the Federation of Euro-Asian Stock Exchanges.
Mr. Shawky holds a Master’s Degree in Financial Economics from Queen Mary University of London.


Mr. Naguib Sawiris

Non executive board member




Mrs. Wafaa Zoklmh

Non executive board member




Dr. Ahmed Galal

Non executive board member