Alkhabeer Capital apoints new chief
JEDDAH, April 12, 2016
Alkhabeer Capital, a premier asset management and investment firm based in Jeddah, Saudi Arabia, has appointed Ahmed Ghouth as its chief executive officer.
Ammar Shata, founder of Alkhabeer Capital, will remain in his role as executive director of the company, said a statement.
Ghouth has been with Alkhabeer since the company’s inception, holding a number of managerial and executive roles, it said.
He has held the post of deputy chief executive officer for more than six years, during which he contributed to executing the company’s initiatives and achieving its strategic goals.
He has more than 15 years of experience in investment banking and asset management, enabling him to contribute to raising Alkhabeer’s performance in order to take its position as a leading asset management company.
Musaad Mohammad Aldrees, chairman, said: “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.
"As our deputy CEO over the past few years, he contributed to the success of Alkhabeer in becoming one of the most important financial companies in the region.
“We are confident that Ahmed has the knowledge and experience necessary for Alkhabeer to achieve further growth and development of its services and products, in spite of the current economic climate, thereby driving our company’s ambitions forward.”
“Alkhabeer Capital has built dynamic and longstanding client relationships with a sustained and bold strategy, supported by compelling investment products and consistent returns. After 10 years of growth, we are taking steps to begin a new chapter in Alkhabeer’s success story," said Shata.
"Ahmed is a natural choice to support and develop the company, as we have worked closely together to deliver strong returns for our shareholders, while nurturing a positive corporate culture through which Alkhabeer has emerged as the financial institution of choice for our clients.” - TradeArabia News Service
