Alkhabeer Capital, the Jeddah-based asset management and investment firm, has announced the appointment of Ahmed Ghouth as Chief Executive Officer.
Mr. Ahmed Ghouth (biography) has been with Alkhabeer Capital (profile) since the company’s inception, holding a number of managerial and executive roles.
He has held the post of Deputy CEO for more than six years, during which he contributed to executing the company’s initiatives and achieving its strategic goals, and has over 15 years of experience in investment banking and asset management.
Mr. Ammar Shata, founder of Alkhabeer Capital, will remain in his role as Executive Director of the company.
Musaad Mohammad Aldrees, Chairman of Alkhabeer Capital, congratulated Mr. Ghouth on his new role, saying, “We are delighted that Ahmed has taken the helm at Alkhabeer Capital to lead the delivery of our long term strategy. He is well-positioned to take this leading role based on his vast experience and deep knowledge of the market.”
Alkhabeer Capital also announced that Mr. Ammar Shata would continue in his capacity as Executive Director. Following a 23-year career in investment banking, Mr. Shata founded Alkhabeer Capital in 2004. Since then, he has played a key role in transforming conventional finance in the Saudi market by introducing a range of innovative, Shari’a-compliant financial products. Under his leadership, Alkhabeer Capital emerged as a major player in the asset management industry and stands as a well-recognized Saudi, Shari’a-compliant financial institution.
Commenting on Mr. Ghouth’s appointment as CEO of Alkhabeer Capital, Mr. Shata said, “We are certain that Ahmed will continue to excel in steering the business towards its new strategic direction, thanks to his sharp business acumen and his proven track record at Alkhabeer. The Board and I warmly welcome Ahmed as Chief Executive Officer and look forward to a smooth transition.”
Ahmed Ghouth thanked the Chairman, the Executive Director and the Board of Directors for their confidence in him. “I would like to express my gratitude to the Board of Directors for entrusting me with this great responsibility,” he said.
About Alkhabeer Capital
Alkhabeer Capital is a premier asset management and investment firm providing world-class investment products and services that endeavor to help institutions, family groups and qualified investors access to and/or allocate capital in ways that deliver real and enduring economic value.
It is licensed by Saudi Arabia’s Capital Market Authority (CMA) under license number 37-07074. The asset management area provides investment opportunities through a large and growing portfolio of public and private funds in the areas of real estate, private equity and capital markets, while the investment banking area offers specialized Sharia compliant capital raising and M&A advisory services to businesses, private investors and families.
Alkhabeer Capital also provides advisory services on structuring waqf entities and waqf wealth management through its “WAQF” Program, which targets educational institutes, charitable foundations, family groups, high net worth individuals and other philanthropists who wish to establish Sharia-compliant endowments.
Alkhabeer Capital has offices in Jeddah and Riyadh.
For more information, please visit http://www.alkhabeer.com.