Mashaal AlJomaih takes helm as Investcorp Saudi Arabia CEO
People | Nov 17, 2024 | Investcorp
Investcorp, a prominent global alternative investment firm, has appointed Mashaal AlJomaih as the new CEO of its Saudi Arabian operations. AlJomaih, with significant experience in investment banking, has served as Managing Director within Investcorp Private Wealth and Deputy CEO for Investcorp Saudi Arabia since June 2022. He takes over from Yasser Bajsair, who recently retired, after playing a crucial role in expanding Investcorp's presence in the region since joining in 2010. Nahar Houthan steps into the Deputy CEO role, bringing expertise from his time at the firm since 2016. AlJomaih emphasizes the abundant investment opportunities in Saudi Arabia, driven by ultra-high net worth individuals, family offices, and institutional investors. This leadership change signifies Investcorp's continued commitment to growth and expansion within Saudi Arabia's dynamic market.
Sectors
- Investment Banking
- Private Equity
- Wealth Management
Geography
- Saudi Arabia – The article is centered on Investcorp's operations in Saudi Arabia, emphasizing leadership changes and strategies for growth in the region.
- Riyadh – Riyadh is the location of Investcorp's Saudi Arabian office and headquarters for Mashaal AlJomaih's role as CEO.
Industry
- Investment Banking – The article discusses leadership changes in Investcorp, a global investment firm, emphasizing roles and expertise in investment banking.
- Private Equity – Investcorp is a leading global alternative investment firm specializing in private equity, making this sector relevant for the article.
- Wealth Management – The article mentions Investcorp's focus on private wealth and institutional investors, including ultra-high net worth individuals, showing its connection to wealth management.
Financials
- N/A – No specific financial figures were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Private Equity Firm | Company | A global alternative investment firm focusing on private equity, real estate, credit management, and absolute return investments. |
| Mashaal AlJomaih | CEO of Investcorp Saudi Arabia | Person | Recently appointed as CEO of Investcorp Saudi Arabia, bringing over 20 years of experience in investment banking. |
| Nahar Houthan | Deputy CEO of Investcorp Saudi Arabia | Person | Appointed as Deputy CEO, with substantial experience at Investcorp since 2016. |
| Yasser Bajsair | Outgoing CEO of Investcorp Saudi Arabia | Person | The previous CEO who played a significant role in growing Investcorp's presence in Saudi Arabia. |
| Yusef Al Yusef | Global Head of Distribution at Investcorp | Person | Commented on Mashaal AlJomaih's capabilities and contributions to Investcorp's growth in Saudi Arabia. |