About

About Me

Dr. Ayman Kandeel currently the Founder and Chairman of Fanarah Development, LLC, Dr. Ayman Kandeel is best known for being a savvy economist, and a serial entrepreneur.

In November 2018, in his capacity as the founder and CEO of Borak Capital Holding, a Cairo based boutique investment bank, Dr. Ayman Kandeel engineered and managed the $680 MM sale of AK for Real Estate Marketing and Development (AKREM) to Inertia Developments, a transaction that created more than 300% return to most of AKREM’s investors.

In 2015, under Dr. Kandeel’s leadership, Fanarah Developments, LLC, established the concept of Fanarah Coast, the first attempt at creating an integrated destination along the Mediterranean seafront in Egypt. In 2016, the project was renamed Jefaira, and today it is the largest Mediterranean-front project of its kind, along the entire coast of the Mediterranean Sea.

Between 1999 and 2009, Dr. Kandeel founded and co-managed many financial companies, including Borak Capital Holding, Arab African International Securities, and Pi Capital, Inc., to name a few. He has been involved in raising significant capital for various companies, in the technology, real estate, entertainment, and finance sectors.

In 2001, Dr. Kandeel founded AK Comics, a highly publicized comic book publisher, with over forty publications in English, Arabic, Greek, and Chinese. Envisioning the peaceful Middle East in the future, AK Comics created a Muslim, a Jewish, and a Christian superhero/superheroine.

The three heroes’ universe revolves around the concept of protecting an imaginary parallel Middle Eastern against conspiracies targeting the disruption of supposed futuristic peace. He has been featured on multiple media outlets such as the BBC, NPR, CNN, Al Jazeera, NBC, and John Stewart’s The Daily Show, to name a few, and through this endeavor, he got introduced to a lot of known politicians, several of which remain in his close circle of contacts.

Dr. Kandeel has a passion for the advertising industry. In 1995, confounded Bonus Advertising, which was eventually acquired by JWT. Today, JWT Cairo is by and large Egypt’s top ad agency. He is also a major shareholder of Advision, one of Egypt’s most renowned below-the-line ad agencies.

With a Ph.D. in emerging financial markets from USC, MA degrees in economics from both the American University in Cairo and the University of Southern California, and, an MA from the University of California, Santa Barbara, Dr. Kandeel has had a distinguished academic career. He served as a professor at Cairo University from 2003 to 2009.

He also lectured at the University of Southern California, and at Cal State Long Beach. In April of 2011, Dr. Kandeel decided to fully retire from the academic arena, in order to further focus on his businesses in the USA and Egypt.

At present, Dr. Kandeel sits on the board of various corporations including the Arab African International Securities, The Space SaMo, Pacific Agencies and Contractors Corporation, Al Forsan Holding, and Borak Capital Holding.