Ahmed ElBardai

Co-Founder, Board Member, and Managing Director, Reefy

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Ahmed ElBardai is an international executive with over 42 years of financial sector experience in the Middle East and North America. He started his career in 1974 as a consultant for Price Waterhouse, later moving to Crocker National Bank in San Francisco, U.S.A. In 1986 he joined Citibank in Greece, as Financial Controller for the MENA region.

During his tenure with Citibank, ElBardai held several positions, finally becoming Citibank Regional Head for North Africa. He moved to the Arab African International Bank in 1996, where he held the position of Vice Chairman and Managing Director for three years. In 2000, he was appointed Chairman of Banque du Caire, Egypt’s third largest public sector bank, becoming the first ever private sector banker to hold such a position. ElBardai founded Reefy, the Middle East region’s first commercial, privately-owned microfinance service company.

ElBardai founded Reefy, the Middle East region’s first commercial, privately-owned microfinance service company. Since its establishment, Reefy became the fastest growing Microfinance Service company in Egypt setting the trend in many of the industry best practices in the country and despite being the lowest cost provider the company is quite profitable after 10 years; its 1200 team members are serving over 200 K borrowers and disbursing over EGP 2.5 billion via its 40 branches all over Egypt.

ElBardai headed the Egyptian Banker’s Association from 2001 to 2005 and was a Board Member of the Institute of International Finance, UBAF in Paris, New York, and Hong Kong. He was also a Board Member of EgyptAir and Mobinil, Egypt’s largest mobile operator. ElBardai holds a BA in Business Administration, from Cairo University, and an MA in International Management, from Thunderbird, Arizona.

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