Mamdouh Mohamed Fathy Abbas
Biography of Mamdouh Mohamed Fathy Abbas
Biography of Mamdouh Mohamed Fathy Abbas
Mamdouh Mohamed Fathy Abbas (born 1946) is a prominent Egyptian businessman and billionaire who served as the President of Egypt’s Zamalek Sports Club for two separate terms. Known for his considerable efforts in supporting and enhancing the club, Abbas also made a significant impact in Egypt’s business world, where he managed and co-founded a diverse range of successful companies, marking him as one of the country’s leading business figures with a strong influence on the Egyptian economy.
Professional Life and Education
Mamdouh Abbas graduated from the Faculty of Economics and Political Science at Cairo University in 1967. He began his career as an employee at the National Export and Import Company, where he gained valuable experience in international trade before moving into private business. In 1980, Abbas established his first trading company, which later grew into a thriving group with investments spanning various sectors, including trade, petroleum, and information technology, with capital values estimated between $80 million and $200 million USD.
Administrative Roles and Companies
Throughout his career, Abbas held numerous leadership positions and owned shares in several prominent companies, including:
- Advanced Petroleum Services Company (ADES): A leading company in Egypt's petroleum services sector.
- Founding Partner of Intro Group: A diverse investment group with multiple activities.
- Partner at Compass Capital: An investment firm providing financial and consulting services.
- Director of TBS Holding: A company managing a series of successful projects in the food sector.
- Chairman of Ramida Pharmaceuticals and Personal Care Products: A company specializing in pharmaceutical and personal care production.
He is also an active member of the American Chamber of Commerce in Egypt, reflecting his substantial influence in the commercial and economic landscape.
Social Contributions
In addition to his business ventures, Mamdouh Abbas is known for his active role in supporting social initiatives. He co-founded the Kemet Boutros Boutros-Ghali Foundation for Peace and Knowledge and became Chairman of its Board of Trustees in 2018, which aims to promote peace and knowledge in Egyptian society. Abbas also served as the Treasurer of the Egyptian Football Association and the Zamalek Sports Club, where he contributed to supporting and enhancing Egypt's sports infrastructure.
Presidency of Zamalek Sports Club
Mamdouh Abbas held the presidency of Zamalek Sports Club twice:
- First Term (2006-2008): Appointed by the National Sports Council, he contributed to improving the club's performance and developing its infrastructure. During this period, Zamalek won the 2008 Egypt Cup.
- Second Term (2009-2010): Abbas returned as club president after being elected and continued until 2010, with his term extending to 2013 after a decision by the Administrative Court. In these terms, he faced several legal and administrative challenges but remained committed to stabilizing the club.
Personal Life
Mamdouh Abbas is the father of Ayman Mamdouh Abbas, a businessman who follows in his father's footsteps and serves as a judge on the "Shark Tank" program. Ayman has taken over the family’s business legacy after his father’s passing.
Achievements
- Support for Zamalek Sports Club through infrastructure development and resource enhancement.
- 2008 Egypt Cup Championship, one of the club’s significant achievements under his presidency.
- Social Contributions through the Kemet Boutros-Ghali Foundation for Peace and Knowledge, in addition to supporting youth and sports in Egypt.
Conclusion
Mamdouh Abbas is considered one of Egypt's most prominent economic figures, having achieved remarkable accomplishments in both business and sports, earning him widespread respect. His legacy continues to influence the economic and sports fields in Egypt through his work and societal contributions, with his children continuing to uphold his economic and social vision.