A key figure in the revolutionizing of the Egyptian health sector, Mohamed is an investor and entrepreneur who has demonstrated his commitment, dedication, and perseverance.
With an Education background attained in BSc Marketing and International Business from Middlesex University, Mohamed Mahgoub has been active in the health care sector since 2006. Mohamed Mahgoub serves as an angel investor for innovative and ground-breaking Egyptian startups and is also the founder as well as a board member of Ibn Sina Pharma and a managing partner of Tanmiya Capital Ventures and also sits on the boards of several companies.
Today we sit down with Mohamed Mahgoub, to know a bit more about his journey as an investor.
Hello, nice to meet you. Tell us about your professional journey – how did you get started?
A: I started my journey at EFG Hermes where I was employed in the private equity division. I spent 4 years managing multi-sectoral transactions and $ 1 billion worth of assets and went on to develop my capacity in F&B, financial as well as healthcare services.
Where did you get your entrepreneurial drive?
A: I could say, partly it is from family as well as personal initiative, persistence, and consistency. My family founded the largest snacking company in Egypt “Chipsy” in 1979. Moving forward to 2003, we had a JV with Pepsico’s “lays” brand for approximately 2 years and eventually sold the company to Pepsico in 2005.
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Can you mention a few of the companies where you serve as a board member?
A: Sure, I serve as a board member for Tamweel Investments Holding, Ibn Sina Pharma, and the NGOMisr El Kheir.
Tell us about your Ibn Sina Pharma experience, acquisitions, and investments.
A: Ibn Pharma was established in 2001 as a Pharma distribution company under the name Ibnsina Laborex Pharma founded by a group of Egyptian investors in collaboration with the French Eurapharma Group. The company’s Egyptian partners acquired a 100% stake in 2006 rebranding it to the Egyptian company Ibnsina Pharma. I got started with Ibn Sina Pharma in 2010 investing in and joining the second largest distributor of Pharmaceuticals in Egypt where I strengthened the company through sustainable leadership and entrepreneurial acumen. In 2015 I went on to get the European Bank for Reconstruction and Development (ERDB) on board as a partial owner with a 20% stake valued at approximately $25 million. After spending 5 years in the company an $80 million IPO was released in 2017.
Tell us about your current or future endeavors
A: My most recent efforts are aimed at transferring control of Al Shorouk Hospital to AIM, the company’s investment arm. I have already invested 120 million pounds in the subsidiary’s investment arm. As a visionary investor, my decisions are based on research indicating that population growth
will increase demand for healthcare and insurance. The company is also researching investment opportunities in the health sector to create a future
synergy.
Mohamed Mahgoub, Do you support aspiring investors and entrepreneurs? Any advice for them?
A: Yes, I do. I do believe it is important for aspiring investors and entrepreneurs to seek mentorship from experienced business leaders. Fruitful advice derived from life experiences is valuable. A strong team will go a long way if you are in for the long haul.
We heard you have an interesting favorite African Quote. Tell us about it.
A: Yes, I do. “If you go alone you go fast, if you go with the team you go far”. The right team is essential to accomplishing set goals and objectives even though it might require managerial acumen. On the other hand, solo efforts materialize quicker but with limitations to growth making it impossible to build a sizeable business.
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Thank you Mohamed Mahgoub for taking time out of your busy schedule to share with us. We hope to have a longer Q & A with you again.
A: Am happy to be here. I definitely will make time to have a lengthier Q & A.
To keep up to date with Mohamed Mahgoub and his journey, connect with him on his social media below: