Rasmala Appoints New Private Equity Head

Feb 5 2008 | 10:05am ET

Rasmala Investments has appointed Ibrahim Saad as partner and head of private equity. In his new capacity, Saad will help the firm, based in Dubai, United Arab Emirates, launch its second p.e. fund this year.

Saad replaces former private equity chief Tamer Bazzari, who recently took up the post of head of principal investments, responsible for deploying Rasmala's capital in strategic and financial investments.

Saad joins Rasmala from AB Capital, the investment banking subsidiary of Arab Bank, where he served as chief executive. Prior to that, he established SHUAA Partners, the private equity arm of SHUAA Capital.

Ali al Shihabi, founder and CEO of Rasmala, said, "We are very pleased to have Mr. Saad, a highly regarded and experienced private equity executive, head our private equity team. We are confident that he will help build on Rasmala's regional success to date."


In Depth

Delayed Flash Crash Arrest Highlights Difficulties Detecting Fraud

Apr 23 2015 | 7:19am ET

The five years it took regulators to bring high-profile charges against a UK trader...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note