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Winner will represent Egypt in EMEA regional finals in London19th February 2012: American University in Cairo became the 2012 CFA Institute Research Challenge champions in Egypt, beating four other Universities in a close final hosted by the CFA Egypt Society, the national chapter for CFA Institute, the global association for the investment profession, at the campus of American University in Cairo. The winning team will now represent Egypt at the EMEA regional final which will be held in London in March. The winners of this stage will then proceed to the CFA Institute international final to be held in new York – USA, in April. The preparation and competition were sponsored by PricewaterhouseCoopers, Dale Carnegie, Arafa Holding, and American University in Cairo.
In addition to American University in Cairo, four other universities took part in the competition, including Ain Shams University, Cairo University, German University in Cairo, and Helwan University. each University was represented by a team of students who undertook a two month and half review of a public company. this year the teams reviewed Al Arafa Holding. each team was mentored by a professional research analyst and at the end of the process they wrote a research report which they then presented to a team of judges. The panel included CFA charterholders who hold senior positions in the investment industry: mr. Ahmed Abouelsaad, mr. Wael Orban, mr. Omar Bedewy, mr. Mostafa Hassan, and mr. Moataz ElEtreby. The panel also include Ms. Ingy El-Diwany who prepares for CFA level 3 exam.
The champions were selected based on their investment case, the delivery of the final presentation and their ability to answer and respond to detailed analysis from the judges. As part of the prize, each student will have a trip to London.
Dr. Alaa Arafa, CEO of Arafa Holding, said that he is happy to expose the company to such professional student competition stating that he believes in continuing education and learning from others even about his company and inspired the participants by saying “I know that I do not know”.
Mr. Omar Bedewy, CFA, a member of the panel, said that he found Ain Shams University report is one of the best reports he came across during the last two years.
In congratulating the American University in Cairo, mr. Ashraf El Khatib, CFA, Vice President of the CFA Egypt Society, presented the Championship Trophy/Cup to the winning team, saying: ‘This competition provides an exceptional opportunity for students in Egypt to learn about the financial industry from the very best professionals who are actively working within the sector. all of the judges were very impressed with the quality of work presented by each team and the dedicated commitment of each student. The competition was very fierce and the difference between the first three teams was less than one percent. Participants should be proud of their achievements in representing their University in a national competition. We want to thank all the students, their faculty advisors and Universities for doing so well and for taking part. American University in Egypt will now have the added distinction of representing Egypt at the Europe, Middle East and Africa (EMEA) regional final in London. We wish them well for this next stage.’
He added: “The increasing popularity of the CFA program in Egypt is hence very positive and can only act as a catalyst to further develop the local financial and capital markets. this Challenge is a platform to showcase the financial talent available within the Middle East, to encourage young graduates to take up the unique and rewarding field of Investment Research as a career and to seriously consider the CFA program as the qualification of choice.”
Mr. El Khatib handed Helwan university “The Most Proactive Team” trophy for their role in creating and manage a facebook page that evolved to be the largest page for CFA challenges globally. Dr. Rania Salem received “The best Faculty Advisor” trophy while Ms Mariam ElMenbawy, CFA received “The best Mentor” trophy.
About the CFA Institute Research ChallengeThe CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world’s top business schools. this annual educational initiative is designed to promote best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.
Over the course of the competition, university teams of 3-5 students each are mentored by industry professionals in writing an equity research report on a publicly traded company. The teams then present their findings to a distinguished panel of experts.
The Challenge consists of the following levels of competition:
- 89 local level challenges including the world’s top business schools
- Four Regional Finals: Americas, Asia Pacific, EMEA, and new York
- Global Final
The event in Egypt will be one of the 89 local level challenges. The winner from this competition will advance to the EMEA Regional Final in London in March.
About CFA Egypt SocietyThe CFA Egypt Society is an association of local investment professionals. Consisting of portfolio managers, investment advisors, educators and other financial professionals, which promotes ethical and professional standards within the investment industry, encourage professional development through the CFA Program and continuing education, facilitate the exchange of information and opinions among people within the local investment community and beyond, and work to further the public’s understanding of the CFA designation and investment industry. The CFA Egypt Society won the Most Innovative Initiative in 2011 from CFA Institute for its process in selecting the scholarships winners and increase the number of scholarships.
About the CFA InstituteCFA Institute is the global association for the investment profession. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world’s 93,300 CFA charterholders, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at cfainstitute.org.
Media ContactsFor and on behalf of CFA Institute in the Middle EastMarcus Pepperell/Vadia Rai @ FTI ConsultingT: +971 4 332 /
Steve Wellard T: +44 (20) 7531-0755 /
© Press Release 2012






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