THE MIDDLE EAST’S
74. Karim Awad
Designation: Group CEO & Chairman of the Executive Committee
Company: EFG Holding
Residence: Egypt
Nationality: Egyptian
Sector: Banking & Financial services
Awad assumed his current position in 2013, having first joined the company in 1998. In H1 2025, EFG Holding had $4.2 billion in total assets and generated $232.5 million in revenues. EFG Holding’s fintech company Valu, debuted on the Egyptian Stock Exchange in June 2025, wherein EFG distributed around 20.5% of share capital to shareholders. As a result, Amazon now directly owns 3.95% of Valu. By Q2 2025, Valu had facilitated over 11.9 million transactions. Awad is a member of the Egyptian President’s Economic Advisory Council and the Prime Minister’s Macroeconomy Advisory Committee.