As part of this strategic change, Ammar AlKhudairy, former CEO and Managing Director of Amwal AlKhaleej, has assumed the critical role of Managing Partner. In this position, Mr. AlKhudairy continues to be at the helm of the firm but will be putting a higher level of emphasis on strategic business development, partner relations and deal sourcing.
Mr. AlKhudairy said, “With this re-organization, I am able to give more time to key value enhancement activities in my new role as Managing Partner. The change is part of Amwal AlKhaleej’s ongoing commitment to create exceptional value for our partners and investee companies. As the firm nears its five year anniversary, we are confident that this organizational development will position us even more favorably as we enter a new decade of exciting investment opportunities and challenges”.
He added, “We are also delighted to announce Fadi Arbid as the new CEO of Amwal AlKhaleej. Fadi has been with Amwal AlKhaleej since its inception and we believe that he has the necessary skills and experience to lead the day to day management and investment process of our growing firm and to position it as a leading player in the MENA region”.
Mr. Arbid takes his new responsibilities at Amwal AlKhaleej after serving as Executive Vice President and KSA Country Head at Amwal AlKhaleej for five years. In his new role as CEO, Mr. Arbid will focus on fundraising, sourcing, reporting, investment monitoring, and day to day company management.
Amwal AlKhaleej has approximately $700m of assets under management and has investments in several high calibre companies including Rowad Schools, Gulf Insulation Group, Maritime Industrial Services, Arab Cotton Ginning, Al-Tayyar Travel Group, Dubai Contracting Group and Contact Cars.