Alternative investment company Gulf Capital has promoted two senior executives, Mohammad Madani and Hazem Abu Khalaf, to the position of Managing Directors in its Private Equity division.
The two leadership appointments come in recognition of Madani and Abu Khalaf’s contribution to the success of the Firm’s Private Equity business, having played a significant role in securing and closing substantial investments and creating growth opportunities for the Firm and its portfolio companies.
Muhannad Qubbaj and Abdullah Shahin are stepping down from their current positions in order to pursue other interests.
Hareb Al Darmaki, Chairman of Gulf Capital, says: “We are pleased to promote Mohammad and Hazem to their new leadership roles, given their strong performance and proven track record of closing private equity transactions in the region. Mohammad and Hazem represent a fresh generation of dealmakers that is emerging within the Firm. They are both dynamic private equity professionals who have been integral to the success of our Firm and have grown through the ranks.”
Madani, who joined Gulf Capital in 2012, is a seasoned industry veteran with over a decade of Middle Eastern private equity experience. Mohammad has played an active role in key investments and exits and is an active board member of several portfolio companies. Abu Khalaf has joined Gulf Capital last year and enjoys over thirteen years of private equity experience in the Middle East and Emerging Markets. He has recently led Gulf Capital’s largest acquisitions in the healthcare sector.
Al Darmaki says: “Gulf Capital has the largest and most diversified private equity team in the region and is pleased to be able to make such senior appointments from its own benches. We believe these promotions will enable us to grow our leadership in private equity in the region, and to strengthen the investment capabilities of the Firm. I would also like to thank Muhannad and Abdullah for their years of service.”
