Thursday 6 August 2020

Al Muhair ... Waha has delivered a robust performance in recent years.

Abu Dhabi group Waha Capital names new CEO

MANAMA, July 22, 2019

Waha Capital, a leading Abu Dhabi-based investment company, has appointed Amr Al Menhali, an industry veteran, as the new chief executive officer.

Al Menhali, who joins Waha Capital in September, brings with him a track record of success of nearly two decades at leading UAE banks, where he has held a variety of senior positions and leadership roles.

He sits on the boards of several companies operating in the financial sector and is also a board member of the UAE Banking Federation.

Welcoming him into the fold, Chairman Waleed Al Mokarrab Al Muhairi said: "Al Menhali brings a wealth of financial services experience and an impressive track record of leading successful businesses. Waha Capital has demonstrated robust performance in recent years and has established a well-balanced portfolio of assets across growth sectors."

"The Board looks forward to working closely with Al Menhali to deliver the company’s growth strategy, which remains focused on further developing and diversifying the company’s investments to deliver long-term value to shareholders," he stated.

On his new role, Al Menhali said: "Waha Capital has built a reputation as a nimble investment company with a strong track record of delivering attractive returns. I look forward to leading the company on its next phase of growth, which will involve helping to create additional value at its current investments, seeking attractive new opportunities, and building a solid asset management offering for third-party institutional investors."

"Waha Capital benefits from strong institutional backing, and a board of directors that is deeply engrained in regional business networks, giving us a robust platform for growth," he added.

Waha Capital operates two business divisions: Private Investments, which invests directly in high potential companies, and Asset Management, which invests proprietary and third-party funds in global listed equities and credit.-TradeArabia News Service


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