Safanad plans to deploy $3bln in Saudi Arabia over five years

PHOTO

Saudi Arabia - Safanad, a global holding company combining investment and operational excellence, has launched Safanad KSA to execute a $3 billion (SR11 billion) investment strategy in Saudi Arabia over the next five years.

Besides, the company announced the expansion of its leadership team with three new Senior Partners – Saleh Romeih, Faisal Rehman and Christopher Fazekas - to further enhance its investment and operational capabilities.

Leveraging the launch of Safanad KSA and the extensive skill-set and experience of the expanded team, Safanad will bring its established US and UK-focused investment approach to the region.

Safanad KSA

Safanad KSA will focus on investments in Saudi Arabia and selectively across the wider GCC region. Building on the experience and existing platforms of the firm globally, Safanad KSA will focus on education, healthcare, financial services, industrials, and digital infrastructure. The first investment, Safanad Education KSA, is already active in the region with about 10,000 students in the kingdom.

In parallel, Safanad will open offices in London and Riyadh, supplementing its existing hubs in New York and Dubai. The London office will further strengthen its investment and operational capabilities in the UK and Europe and provide a bridge between the firm’s existing US and Middle East footprint.

Meanwhile, Romeih, who will serve as Global Managing Partner, was a Founding Partner at the SoftBank Vision Fund, where he led its Operating Group and remains a member of the Vision Fund 1 Investment Committee.

Head of Transactions and Financing Solutions

Rehman, who will be Head of Transactions and Financing Solutions, also joins from SoftBank Vision Fund, where he was a Managing Partner responsible for all Mena investments, global debt capital markets and transaction execution.

Fazekas, who will serve as Head of Strategic Initiatives and Business Development, was a senior member of the leadership team, board member and investment committee member at the asset management division of one of the world’s largest investment companies. Combined, the three Senior Partners bring over 80 years of experience to Safanad.

“On behalf of the Safanad Board and shareholders, I am proud to welcome Saleh, Faisal, and Christopher to Safanad. Their extensive investment and operational track records and experience across the US, Europe, and Middle East speak for themselves. I cannot think of a stronger group of new partners to help drive this next phase of Safanad’s growth, in particular as we execute on opportunities in Saudi Arabia created by the nation’s ambitious Vision 2030,” commented Kamal Bahamdan, Safanad Founder and CEO.

The London office will be led by Romeih, while the Riyadh office will be led by Bahamdan.

Long-term value

Commenting on the new role, Romeih said: “We’re excited to join a dynamic, global platform with well-established investing and operating roots in important sectors of the economy that will benefit from strong technological and socio-demographic tailwinds in the years ahead. We will focus on delivering long-term value in select sectors to our investors beyond the traditional PE model by applying our investing, operating and capital markets capabilities in close partnership with our investors.”