Bahrain-based investment bank Investcorp has appointed Gabriel Aractingi as Chief Executive Officer of the firm’s business in Saudi Arabia.
Mr. Gabriel Aractingi’s mandate covers Riyadh and the Eastern Province, complementing Mr. Yasser Bajsair, Investcorp’s Managing Director in Saudi, who will continue to focus on the Western Province.
Mr. Gabriel Aractingi joined Investcorp in 2016 as a Managing Director, having worked previously with Morgan Stanley as CEO of its Saudi Arabia business and before that as Head of Private Wealth Management, MENA. He also worked at Swiss private bank Lombard Odier as Head of Middle East and Special Clients.
In his new role, Mr. Aractingi will lead Investcorp’s efforts to expand its operations in Saudi Arabia and further cement its investment and product placement activities.
Mr. Mohammed Alardhi, Executive Chairman of Investcorp, said, “I am delighted to have someone of Gabriel’s caliber leading our Saudi business. Gabriel has deep knowledge and understanding of the Saudi Arabian market as well as extensive investment and relationship management expertise. He will play a key role in expanding our investment and placement activity in the Kingdom.”
Today Investcorp has 15 staff members in Saudi and its investments in the Kingdom include: Al Borg Medical Laboratories, the leading private medical laboratory chain in the GCC; Bindawood Holding, one of the leading supermarket and hypermarket chains; Leejam, the owner and operator of the leading fitness chain “Fitness Time”; Theeb, the leading car rental business; Al Yusr Industrial Contracting Company (AYTB), a leading provider of industrial services outsourcing solutions; L’azurde, a leading designer, manufacturer and distributor of gold jewelry which was successfully listed on Tadawul Stock Exchange in June 2016; and NDT Corrosion Control Services, Saudi Arabia’s largest industrial testing services company.