El Waly has led AFIM, the asset management arm of National Bank of Egypt, since 2018, overseeing $1.7 billion in assets under management in 2025. That year, AFIM’s equity and Shariah-compliant equity funds achieved average returns of 43%, outperforming the EGX30 benchmark, while the Dahab Fund delivered an annual return of 50.5%. El Waly is also Chairman of White Stone Mining Company and serves as a board member of Nile Capital for Real Estate Development.