Egypt-based investment firm Valmore Holding has appointed Moataz Kandil as its new Chief Investment Officer, with the role based in Cairo.
Valmore Holding, formerly Egypt Kuwait Holding, is dual listed on the Egyptian Exchange and Boursa Kuwait. The group manages assets approaching $1.46bn, employs more than 5,500 people, and operates across Egypt, Kuwait, Saudi Arabia and the UK.
As CIO, Kandil will oversee the group’s investment strategy, with a mandate centred on disciplined capital allocation, portfolio optimisation and long-term value creation.
A key priority will be expanding Valmore’s investment footprint beyond its domestic markets, with a growing focus on international diversification and identifying new sectoral growth opportunities. The firm aims to further position itself as a regional investment platform with increasing global reach.
Kandil joins from Dubai-based Fortescue, where he served as president for the Middle East and North Africa at the $60bn energy and mining conglomerate. He previously led Dubai Green Fund, the government-owned impact investment platform focused on renewable energy and sustainable infrastructure.
With more than 27 years of experience across multi-sector conglomerates and sovereign investment entities, Kandil has also held senior roles at Al Qudra Holding, Noor Islamic Bank and First Capital Group Holding.
