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Dubai, United Arab Emirates: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the appointment of Hossam Radwan as a senior external advisor to the Group.
Prior to taking on this appointment, Mr. Radwan had led Abraaj’s Saudi offering and the Group achieved a number of investment milestones in the country. These included the first sale and leaseback deal to take place in the country (for the Panda supermarket chain, which was also successfully exited) and the acquisition of leading quick service restaurant Kudu, one of the largest private equity deals in the history of the Kingdom.
Mr. Radwan has served as CEO of EFG-Hermes in Saudi Arabia. Previous to this position, he worked at Goldman Sachs for over a decade, in London and New York, where he held a range of roles, including Head of Middle East and North Africa Sales at Goldman Sachs Asset Management.
Arif Naqvi, Founder and Group Chief Executive, The Abraaj Group, said: “Hossam’s leadership has enabled Abraaj to partner with some of the leading companies in Saudi Arabia. In particular, the highly significant Kudu deal was enabled by the deep-rooted relationships he had helped to foster on the ground. His expertise and leadership also allowed our partner company Tadawi to grow at an exponential rate. We are delighted that he will serve as a senior external advisor to Abraaj as we continue to grow our presence in Saudi Arabia, a country with huge potential.”
Hossam Radwan added, “I am excited about playing an ongoing role in Abraaj’s investment story in Saudi Arabia through this new position. The role allows me the opportunity to advise Abraaj on key issues while also enabling me to fulfil external Board-related duties and professional obligations. Saudi Arabia is a deep market which will only serve to present those investors who have the right local expertise with even more compelling investment opportunities.”
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For more information please contact:
Aditi Mane
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About The Abraaj Group
The Abraaj Group (“Abraaj”) is a leading investor, purpose-built for operating in the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. Employing over 300 people, Abraaj has over 20 offices spread across five regions with hubs in Dubai, Istanbul, Mexico City, Nairobi and Singapore. The Group currently manages c. US$ 10 billion across targeted investment strategies.
Abraaj has realized US$ 6.3 billion from over 80 full exits, and Funds managed by the Group have made over 170 investments across a range of sectors including consumer, healthcare, education, financial services, energy and industrials. The Group is committed to the highest environmental, stakeholder engagement and corporate governance standards and is a signatory to the United Nations-backed Principles for Responsible Investment and the United Nations Global Compact. Abraaj’s founder, Arif Naqvi, is a Board Member of the United Nations Global Compact, Interpol Foundation and a B Team Global Business Leader.
This publication is issued by Abraaj Capital Limited (“ACLD” or the “Firm”), a member of The Abraaj Group that is authorised and regulated by the Dubai Financial Services Authority (“DFSA”). Several Group members are regulated by a number of international regulatory authorities including the DFSA under whose rules ACLD has issued this publication.
© Press Release 2016
