Prior to joining Arqaam, Mr El Kholy was Chief Investment Officer and Head of Asset Management at Shuaa Asset Management where he oversaw the management of funds with total AUMs of USD 1.7 billion. In this role he restructured and led the investment team, designing and implementing rigorous investment processes. In 2004, Mr El Kholy joined the National Bank of Dubai ("NBD") as Head of Asset Management where he initiated and ran the in‐house asset management activities offering new products to the market. During this time the NBD's GCC fund outperformed both its benchmark and its peer group with total AUM reaching USD 300 million. Mr El Kholy spent the first thirteen years of his career working in the UK at institutions such as HSBC and United Bank of Kuwait ("UBK"). This included being a founding member of the first equity funds to span All Arab markets at UBK London as well as being part of the team which launched The Arab Gateway Fund at Primecorp Invest Management in collaboration with Shuaa Capital in 1999.

Mr El Kholy holds a MEng (Hons) degree and a PhD from Imperial College London.