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Tue 23 Jul 2019 11:11 AM

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Abu Dhabi's Waha Capital appoints new CEO

Amr Al Menhali will join the firm in September

Abu Dhabi's Waha Capital appoints new CEO
Waha Capital has appointed Amr Al Menhali as its CEO

Abu Dhabi-based investment company Waha Capital has appointed Amr Al Menhali as its CEO, the company announced on Sunday.

Al Menhali will join the firm in September 2019. He has previously held a number of leadership positions at UAE banks, and sits on the boards of several financial sector companies. He is also a board member of the UAE Banking Federation.

“Amr Al Menhali brings a wealth of financial services experience and an impressive track record of leading successful businesses,” said Waha Capital chairman Waleed Al Mokarreb Al Muhairi. “Waha Capital has demonstrated robust performance in recent years and has established a well-balanced portfolio of assets across growth sectors.”

Al Muhairi added that “the board looks forward to working closely with Amr to deliver the company’s growth strategy, which remains focused on further developing and diversifying the company’s investments to deliver long-term value to shareholders.”

Waha Capital operates a two business divisions: a private investments arm that invests in high potential companies and an asset management division that invests proprietary and third-party funds in equities and credit.

“Waha Capital has built a reputation as a nimble investment company with a strong track record of delivering attractive returns,” Al Menhali said in a statement.

“I look forward to leading the company on its next phase of growth, which will involve helping to create additional value at its current investments, seeking attractive new opportunities and building a solid asset management offering for third-party institutional investors,” he added.

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