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Mustafa Abdel-Wadood

Managing Director
Sigma Capital
Cairo, Egypt
Mustafa Abdel-Wadood
Managing Director
Sigma Capital
Cairo, Egypt

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1. What does it mean to you to have been selected as a "Global Leader for Tomorrow"?

I believe that being selected as a GLT is both a privilege and a responsibility. As a GLT, one has to assume the responsibility of making contributions that measure up to those made by other GLT's in the past.

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In my opinion, this is a group of people from around the world who bring together a rich and diverse range of experiences. The GLT's, each in their own way, have made significant business or social contributions and I am proud to be among such a distinguished peer group. I am expecting the GLT program to be a very enriching experience and hopefully I can bring some of my opinions and experiences to the forum in addition to benefiting from some of the workshops and panels on offer. The collective experience of the GLT's is something I wish to benefit from and hopefully I can carry this experience forward in a way which allows me to play a more positive role in the development of my country

2. You have been selected by the World Economic Forum for what you have already done in your life, "holding positions of considerable power, influence and responsability". What are the 3-5 things you are most proud of ?

I have been fortunate enough to have been extensively involved in a number of significant projects and investments in my home country of Egypt some of which are highlighted below.

In 1993, I made an investment on behalf of the company I was working for in Egypt's first Internet Service Provider. At the time, the internet was still a relatively new phenomenon globaly and was virtualy unknown localy in Egypt. Few people recognized the potential of this industry in 1993 so it was a difficult investment to justify. I sat on the board of directors of this company for over 5 years and saw it extend its first mover advantage into the largest ISP currently in the region today.

In 1996, as the telecom sector was de-regulating in Egypt, the company I was working for was involved in bidding for a Public Payphones Licence. I headed the team for the Egyptian partner and we had France Telecom as a strategic partner and we were successfully awarded a 10 year licence. I truly felt the sense of achievement once I saw the first few phone booths deployed in the streets and being used by the public. It definitely felt personally fulfilling to contribute to the once ailing telecoms infrastructure of Egypt.

In 1997, we launched an ambitious effort to revive Egypt's cinema industry through the establishment of a company that would develop theatres and production facilities on a large scale. This company was subsequently acquired in the year 2000.

In 1998 I was involved with my employer in the successful acquisition of Egypt's first mobile phone operator. I was actively involved in raising the project finance (a USD 490 million bridge loan followed by a USD 670 million long-term finance package). Additionally, I sat on the executive committee of the company and launched the company's investor relations program. During the period of my involvement, the company grew from a market capitalization of approximately USD 200 million to approximately USD 5 billion.

In 2000, after spending a number of years with Egypt's largest conglomerate, I co-founded Sigma Capital with a group of partners. Sigma Capital is currently one of Egypt's most respected investment banks and is one of the largest players today in the Egyptian market in securities brokerage and financial advisory services with a well-respected team behind it.

3. The World Economic Forum is "committed to improving improve the state of the world". You will participate in shaping tomorrow's world. What impact would you like to have ?

I have had the chance to develop an extensive network of contacts in my personal and professional dealings. I aim to leverage this network and the credibility I have established so far to pursue a social agenda in parallel to my professional one. I truly believe that pursuing an ethical business agenda is mutually compatible with giving something back to society and it is my intention to pursue this in a way that enables me to play a more significant developmental role in my society in terms of pushing for a more positive social and economic environment.

4.The World Economic Forum is also a forum to discuss the present state of the world economy. What is the analysis you would give?

The world economy today is facing what is perhaps one of its toughest periods in the past couple of decades. This is perhaps amplified in developing markets as a result of their relatively recent experience with market economies. Most developing economies have traditionally been dominated by state-owned enterprises and a large public sector and have only recently made the shift whereby the bulk of the GDP contribution is from the private sector. As a result, there are evidently some teething problems in dealing with the issues and more importantly, stakeholders outside of the public sector are experiencing a serious economic downturn where they share the responsibility for emerging out of it as opposed to relying on their governments and the public sector as they have in the past.


Mustafa Abdel-Wadood
Managing Director
Sigma Capital
Cairo, Egypt

Nationality: Egypt
Born: 1970

Professional Profile: Managing Director responsible for Investment Banking and Venture Capital activities. Board Member and co-founder of Sigma Capital Group which includes Securities Brokerage, Investment Banking and Venture Capital.

Personal Profile:
Mustafa Abdel-Wadood is Co-Founder and Managing Director of Sigma Capital (a leading Egyptian Investment Bank). Prior to this, Mr. Wadood last held the position of Director of Development and Investments at Orascom where he was in charge of overseeing a number of corporate investments and acquisitions in the fields of technology, telecommunications, leisure and media. Mr. Wadood has served or continues to serve on the board of numerous companies across a range of industries and he is also a frequent lecturer and guest speaker. Mr. Wadood is 32 years old and holds a Bachelors degree in Business Administration from the American University in Cairo and an MBA from Georgetown University in Washington DC.

Dieser Artikel ist erschienen am 30.01.2002