About Us

Who we are

Waha Capital is an Abu Dhabi - listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver superior returns to shareholders and investors in its funds.

Founded in 1997, Waha Capital is one of the Emirate’s leading private sector investment houses, providing a world - class platform for investment and growth. The Company has a long - established track record of investing in public and private markets, deploying proprietary capital in alignment with third - party investors.

The Public Markets business offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market - leading returns.

The Private Investments business pursues a multi - asset investment approach in private markets, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co - investment partnerships.

Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi’s increasingly dynamic and entrepreneurial ecosystem, creating long - term value for shareholders, fund investors, employees, and communities.

Cultures
and values

As we operate in a fast-paced industry, the following shared values help us to remain focused and enable us to create synergies together.

Performance Driven

Performance-driven

We work hard, and value hard work to achieve our goals.

Performance Driven

Collaboration

We work together with each other, across all levels of the Company to ensure success.

Performance Driven

Accountability

All of our actions are held to account by one another, as well as by our investors and shareholders.

Performance Driven

Ambition

We have a strong determination to be the best in what we do.

Performance Driven

Integrity

We operate following best-in-class industry standards to safeguard and continuously grow our investments.

Performance Driven

Our Vision

To be a global player within emerging markets that invests and delivers strong and sustainable returns for our shareholders and investors.

Performance Driven

Our Mission

To deliver steady returns consistently to shareholders and investment partners facilitated by an experienced team of investment professionals with in-depth market insights and a broad international network.

Performance Driven

Our Promise

In line with best-in-class industry standards, we operate in alignment with robust corporate governance standards, as an ADX-listed investment management company. We continue to leverage on our business networks and research capabilities to deliver attractive returns for shareholders and investors.

Our Business

As one of the Emirate’s leading private sector investment houses, we provide a world-class platform for investment and growth. The Company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with the interests of its third-party investors. Explore More

Waha Investment

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Waha Investment

Offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns. 

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Private Investments

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Private Investments

Pursues a multi-asset investment approach, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships.

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Board of Directors

Waleed Al Mokarrab Al Muhairi

Chairman, Waha Capital

Mr. Al Muhairi serves as Mubadala’s Deputy Group Chief Executive Officer and has strategic oversight of the company’s broad investment portfolio and special projects at the group level. He is also a member of the investment committee, which is mandated to develop Mubadala’s investment policies, establish investment guidelines, and review proposed projects and investments to ensure they are in line with business objectives.

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Ahmed Al Dhaheri

Vice Chairman

Mr. Al Dhaheri is the Honorary Chairman of Ali and Sons Holdings LLC and the Chairman of Hily Holdings PJSC. He is also a board member of Al Wathba National Insurance Company Co PJSC, Abu Dhabi Aviation PJSC and Al Ramz Corporation. In addition, he is the founder and Chairman of AAK Investment – Sole Proprietorship LLC.

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Rasheed Al Omaira

Director

Mr. Al Omaira holds board positions for Al Wathba National Insurance Company and Abu Dhabi National Company for Building Materials (Bildco) and he was the Chairman of Vision Capital Brokerage Company.

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Nader Al Hammadi

Director

H.E. Nader Al Hammadi is an established member of the Abu Dhabi business community. He is the Chairman of Abu Dhabi Aviation, and Emirates Reem Investment Company (ERC). He also holds board positions at several companies including Royal Jet, Abu Dhabi Airports and Emirates Driving Company.

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Mohamed Al Nowais

Director

Mr. Al Nowais joined Waha Capital as Managing Director in May 2023, bringing with him a wealth of knowledge and extensive experience in the investment sector.

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Homaid Al Shimmari

Director

Mr. Al Shimmari is the Deputy Group CEO and Chief Corporate & Human Capital Officer in Mubadala Investment Company. He has an oversight of Mubadala’s Business Services, Enterprise Technology Services, Government Affairs, Construction Management Service, Employee Career Growth, Talent Acquisition, Learning and Development, Performance Management and Emiratisation.

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Rashed Al Ketbi

Director

Mr. Al Ketbi is the current Chairman of the Board of the RDK Group. He is also Vice Chairman and Managing Director of Al Wathba National Insurance Company PJSC and Foodco Holding PJSC. He currently serves on the board of Darwish Bin Ahmed & Sons Co LLC.

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Management Team

Mohamed Al Nowais

Managing Director

Mr. Al Nowais joined Waha Capital as Managing Director in May 2023, bringing with him a wealth of knowledge and extensive experience in the investment sector.

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Ahmed Khalifa Al Mansoori

Chief Operating Officer

Mr. Ahmed Al Mansoori joined the Company in May 2022 and commenced his role as Chief Operating Officer as of 1 January 2023. Prior to joining the Company, Mr. Al Mansoori was the Managing Director of Gulf Paradise Real Estate Investments and Chief Executive Officer of REEF Real Estate.

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Mark Benn

Chief Financial Officer

Mr. Mark Benn joined the Company in November 2022. He brings with him a wealth of experience in financial services, particularly with respect to governance, disciplined investment processes and asset management operations.

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Mohamed El Jamal

Chief Investment Officer, Chief Executive Officer, Waha Investment

Mr. Mohamed El Jamal joined Waha Capital in 2010 and since that time, he has been instrumental in setting-up and leading Waha Capital’s Public Markets business.

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Hitesh Gupta

Head of Private Investments

Mr. Hitesh Gupta leads waha’s capital private investment business. He is responsible for a broad global investment mandate, that is executed through two portfolios - “Global opportunities” and “Core”. The fully flexible global opportunities portfolio targets investments in the alternative space with high risk-adjusted returns. The core portfolio targets stable, cash-generative assets within the MENA region.

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Yazid Ben Salem

Head of Business Development, Waha Investment

As the Head of Business Development at Waha Capital, Mr. Ben Salem is responsible for driving the company's growth both regionally and internationally. Building upon Waha Capital's track record of success, he is working to expand the company's product portfolio as well as diversifying third-party investments to further accelerate progress.

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Maher Mansour

Head of Investor Relations & External Communications

Mr. Maher Mansour joined the Company in December 2022 and is the Head of the Company’s Investor Relations and External Communications functions.

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Said Djebbar

Head of Risk

Mr. Said Djebbar joined the Company in January 2023 and is the Head of the Company’s Risk Management function.

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Paul Myers

General Counsel and Company Secretary

Mr. Paul Myers joined the Company in August 2020 and is responsible for the Company’s legal and regulatory affairs, corporate governance, compliance and company secretarial functions.

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Delivering Value to Shareholders

Waha Capital delivered net profit of AED 449 million in 2022, which represents a return on average equity of 10.1%. This strong performance demonstrates the resilience of the company’s investment strategy, which has been effective in managing the significant volatility in global markets over the past year.

Chairman: Waleed Al Mokarrab Al Muhairi

Awards

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“Cross-border Financing Deal of the Year” award

2015-09-30

"Corporate Deal of the Year” award from Banker Middle East magazine for a deal that raised $1.1 billion (approximately AED 4 billion) for the company and also reduced balance sheet risk.

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CFI.co Awards 2016 – Best Emerging Markets Investment Manager

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Global Banking & Finance

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Global Business Outlook Awards 2016

2016-09-01

Barclays Hedge Fund Award for Q2 2016 – Waha CEEMEA Fixed Income Fund SP (A)

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Best Diversified Asset Manager

2016-09-02

Banker ME - Best GCC Equity Fund

2017-07-01

MENA Fund Manager Performance Award- MENA EQUITY > $50M Best Diversified Asset Manager

2017-07-01

Wealth& Finance 2017 Alternative Investment Awards – Best open-Ended Manager & Best Absolute Returned Fund

2017-08-01

Hedge Fund Award 2017

2017-07-30

Hedge Fund Award 2017- Asset Manager of the year- Abu Dhabi & Best CEEMEA Fixed Income Securities Fund

2018-05-30

Banker ME - Best Fixed Income Fund

2019-05-01

Barclays Hedge

2019-06-06

Best Emerging Market Debt Fund

2019-10-03

Best Emerging Markets Fund

2019-11-06

Multi-Strategy Credit Fund of the Year

2019-11-06

Alternative Asset Manager of the Year

2020-01-01

Invertors Choice Awards

2021-01-01

EMEA – Credit Fund under $1bn

2021-02-01

EMEA – Credit Fund Long Term Performance

2021-03-01

Top 50 Global Hedge Funds

2021-03-03

Index Inclusion

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The Middle East’s 30 Biggest Asset Managers 2021

2022-05-03

EuroHedge Awards 2021

2022-06-29

Top 50 Global Hedge Funds

2022-04-22

The Middle East’s 30 Biggest Asset Managers

2022-12-02

MEA Finance Award 2022