Cairo: Minister of Awqaf Osama Al-Azhari and Minister of Planning and Economic Development Ahmed Rostom convened to explore avenues for cooperation between their ministries, with the aim of bolstering comprehensive development initiatives. The meeting took place on Friday, August 7, 2026, and included the presence of Mohamed Metwally, CEO of NI Capital, a subsidiary of the National Investment Bank.

According to State Information Service Egypt, Al-Azhari emphasized the necessity of institutional collaboration among ministries and organizations to achieve the state's human development objectives across various sectors. He underscored the role of coordinated efforts in driving progress and fostering growth.

Rostom highlighted the function of NI Capital as the investment arm of the National Investment Bank. He noted that the ministry is actively engaged in restructuring the bank and its affiliates to leverage their capabilities effectively. This initiative aims to create partnerships with government bodies and the private sector, aligning with the overarching development goals.

The Minister of Planning and Economic Development elaborated on the importance of the National Investment Bank as a pivotal development and investment entity for the state. He outlined a strategic plan to restructure the bank, enhance its financial standing, and optimize its role in managing public resources and investments. A key aspect of this plan is the support of subsidiaries like NI Capital to foster public-private partnerships, utilize professional management expertise and financial tools, and maximize asset returns.

During the meeting, NI Capital CEO Mohamed Metwally detailed the company's investment strategies and financial instruments. He discussed the company's approach to maximizing asset returns, developing new financial products, and building partnerships between the public and private sectors. Metwally emphasized the company's reliance on a skilled team, which plays a crucial role in driving economic development, attracting investments, and boosting investment returns.