SEDCO Capital, the Saudi Arabian based asset manager and leading provider of Shariah-compliant investment solutions, has further bolstered its investment management capabilities with the appointment of Yazan Abdeen as Fund Manager. The appointment is In line with the company’s stated strategy of offering one-stop shop Shariah compliant funds to MENA institutional investors as it was previously working with external globally acclaimed fund managers.
With a career spanning almost a decade in analyzing and valuing companies in the Middle East and African region, Mr.Abdeen will be an integral part of the investment team and will provide clients with a fundamentally based investment process managing equities, sukuks and money market funds across Arabian regional markets. Yazan will also be responsible for building out the investment team that focuses on that region among these asset classes which will provide additional client segments as well as further growing our investment management capabilities.
Commenting on the appointment, Hasan Al-Jabri, CEO of SEDCO Capital, said: “As we continue to grow our investment management business, we are assembling a team of top talent to create industry-leading Shariah compliant products, and we are delighted to have Yazan on board.”
“The appointment of such a seasoned industry player will play a critical role in further building on our success in this rapidly growing and evolving space and will play a pivotal role in SEDCO Capital’s regional strategies, and in particular developing investment management solutions that are second to none.”
On his new role, Yazan Abdeen said: “I am excited to join one of the region’s leading asset managers, and to combine my industry knowledge with the first-class expertise that the firm has gained both locally and globally. In addition to its leadership in Shariah-compliant investment solutions and pioneering ESG focus, SEDCO Capital has a unique proposition to investors on ultimate alignment of interest. It is a privilege to be part of that success. I am looking forward to working closely with the team to further bolster our market leading position, and solidify our proven track record to existing and potential clients.”
Prior to joining SEDCO Capital, Mr. Abdeen was the Fund Manager of ING Investment Management Middle East and Africa, co-managing the flagship ING MENA Fund, and lead managing many other segregated accounts for key regional institutional and sovereign investors, in addition to lead-managing a Shariah compliant MENA Fund. He also headed the investment division of a leading Dubai-based real-estate developer where he was responsible for managing the proprietary public equity portfolio, investing in the MENA capital markets. He also held the role of Vice President of Asset Management at Noor Capital, Abu Dhabi, responsible for the structuring and co-managing of the MENA Opportunity Fund and Noor Capital’s proprietary portfolios.
Mr. Abdeen holds a BSc in Mathematics and Computer Science from the American University of Beirut and an MBA from London Business School.
For further information, please contact:
Hill + Knowlton Strategies
T: +966 5590 68 665
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