NAEEM is the combination of the names of the founders, but it is a perfect name is Arabic – it means pleasure or paradise.” The market in Saudi Arabia for portfolio management was not ripe however so, in 1997, Dr. Mohawes and his co-founders started up in Egypt, developing four companies in brokerage, asset management, custody and other areas of financial management.The company was founded on the principle of developing sustainable, transparent business plans for clients.