Founding Partners
Three operators with a combined four decades of experience building, financing, and developing businesses across the US, Egypt, and the wider MENA region.
Hussein Madkour
Hussein Madkour is a founding partner of Makdan Investments, leading investment strategy, development, and operations across the firm's portfolio in Egypt and Saudi Arabia. An operator and investor with more than eighteen years of experience in retail, distribution, and commercial real estate, Hussein has founded and scaled businesses in both the United States and the MENA region, growing a U.S. real estate portfolio from a single asset to more than USD 30 million in seven years, and building a distribution company that became a regional brand supplying publicly traded U.S. real estate companies.
At Makdan, Hussein leads the firm's development platform in secondary cities across Egypt and Saudi Arabia: a portfolio that currently comprises multiple mega projects in Egypt, the largest spanning 400,000 square meters, and the launch of a premium sports and family club platform in Riyadh, with a pipeline targeting further GCC sites.
Hussein holds a certificate in Commercial Real Estate Analysis and Investment from MIT, completed with highest distinction.
Nour Elebiary
Nour Elebiary is a founding partner of Makdan Investments, where he leads financial strategy, capital structuring, and investor relations across the firm's portfolio in Egypt and Saudi Arabia. A finance executive with more than fifteen years of experience across the MENA region, Nour has established nine companies in three countries over the past five years, secured over USD 200 million in bank facilities, and raised over USD 10 million in venture capital.
Prior to Makdan, Nour served as CFO of Seha Healthcare and Grinta, a high-growth digital healthcare marketplace operating across Africa, where he tripled revenue and gross margin year-over-year and led the company's USD 10 million venture round. He previously held senior finance roles at Sky Investments, Reckitt, and Unilever. Nour holds an MBA from ESLSCA Business School, is a Certified Management Accountant, and is a member of the CFA Society of Egypt.
Mourad El Kerdany
Mourad El Kerdany is a founding partner of Makdan Investments, executing full-cycle real estate developments from land banking and entitlements through construction and exit, while structuring high-net-worth partnerships and securing multimillion-dollar deals across Egypt's real estate sector. A real estate developer and investment principal with more than thirteen years of experience, Mourad has overseen projects from greenfield acquisition and regulatory approval through delivery and disposition, with expertise spanning land banking, underwriting and risk structuring, value-add repositioning, and stakeholder coordination across engineering, regulatory, investor, and sales teams.
At Makdan, Mourad is acquiring and developing sports clubs and real estate projects, partnering where strategic capital can transform assets into lasting institutions. He also serves as a Board Member of Heritage Asset Investments, focused on hospitality acquisitions.
Prior to founding Makdan, Mourad was Head of Business Development at Omega Real Estate Services, a boutique development and construction firm, where he led project execution and partnership growth since entering Egypt's real estate market in 2012. Mourad holds dual diplomas from the American University in Cairo in Real Estate Development & Finance and Private Equity.