Investcorp, a global alternative investment firm, has announced the appointment of Mashaal AlJomaih as CEO of Investcorp Saudi Arabia.
Mr. AlJomaih previously held the role of Managing Director within Investcorp Private Wealth and Deputy CEO of Investcorp Saudi Arabia – he joined the firm in 2022 and has over 20 years of experience in investment banking. Over the past two years, Mr. Jomaih has worked closely with outgoing CEO, Mr. Bajsair, to grow Investcorp’s business in the Kingdom.
“I am excited to take on this role”, said Mr. Jomaih. “Since joining Investcorp in 2022, we have seen a wealth of opportunities and appetite for investment in the Kingdom, seen through our pre-IPO vehicle. I look forward to continuing Investcorp’s growth strategy in the region, capitalising on a dynamic and ambitious market.”
Nahar Houthan, who has been with the firm since 2016, will assume the role of Deputy CEO. Yasser Bajsair, outgoing CEO, has retired from his role – he joined Investcorp in 2010 and has played a key role in growing the firm’s business in Saudi Arabia.
Investcorp’s Saudi Arabia team have a relationship network across both private wealth and institutional investors, including ultra-high net worth individuals, family offices, financial institutions, pension funds, endowments and sovereign wealth funds.
“Mashaal has been instrumental in supporting the growth of our business in Saudi Arabia over the past two years”, said Yusef Al Yusef, Investcorp’s Global Head of Distribution. “Having worked with him closely, I know he will continue the firm’s expansion in the Kingdom with his rich knowledge and understanding of the local market.”