Board of Directors

Musaad Mohammad Saad Aldrees

Chairman

Member of the Board Investment Committee

A seasoned businessman, Musaad Aldrees has developed and expanded a group of family companies in various business sectors. He is a board member of ALTCO, Aldrees Industrial and Trading Group, and Darat Al Salam for Development and Investment.

Musaad Aldrees graduated from the IPA in 1985.

Ammar Ahmed Saleh Shata

Founder & Executive Director

Member of the Board Investment Committee

– Chairman of the Permanent Advisory Committee of the General Authority of Endowments, AlRiyadh.

– Member of the Advisory Board of the Institute of Islamic Economics, King Abdulaziz University, Jeddah.

Ammar A. Shata is the Founder and the Executive Director of the Alkhabeer Capital, which is a fully licensed investment company under the aegis of the Capital Markets Authority, with a paid-up capital of SR 894 million and Assets Under Management of SR 5.6 billion (as end of 2018). The inception of Alkhabeer followed his many achievements in corporate management posts with leading financial institutions, such as the National Commercial Bank and the Islamic Development Bank.

Ammar began his investment banking career in 1990 building a successful record of accomplishments, Ammar has been instrumental in transforming conventional finance into Sharia-compliant financial products. Under his guidance and leadership, Alkhabeer Capital is now recognized as a leading alternative asset management firm providing innovative world class investment products and solutions to institutions, family groups and qualified high net-worth investors.

Ammar is a pioneer in developing Islamic strategic securities and financial products in the region, such as the first asset-backed securities investment fund in Saudi Arabia, the first real-estate development fund, the first income investment fund, and the first Islamic credit card.

Ammar established Al Khabeer Financial Advisor (KFA) in 2004 as a financial advisory and consultancy with a capital of SR 50,000 that formed the base of and was succeeded by Alkhabeer Capital in 2008. KFA grew to be a very successful firm that generated profits in excess of SR 12 million in its final year of operations.

In 2005, Ammar founded Shariah Review Bureau, the first and leading professional independent institution in the GCC and some selected countries worldwide, based out of Bahrain, that provides assessment of financial transactions to ensure their compliance with Islamic principles.

Ammar is recognized in the capital markets as a thought leader with the ability to identify local and international economic shifts and their subsequent correlation to global and local markets. This insight, paired with his pecuniary expertise, has earned him the respect and trust of industry leaders throughout the region, many of whom comprise the Alkhabeer Capital clientele and shareholders.

Ammar’s leading and unique efforts have earned him several prestigious awards, including “Man of the Year” from World Finance in 2012. He also appears in the Global Finance’s list of Who’s Who in Middle Eastern Finance 2016.

Ammar is a regular invitee/contributor through multiple media channels.

In 2019, I launched my biography in Arabic, titled: “A Hundred Degrees Below Zero”, which covers my professional self-development and highlights the stages of decision-making process.

This book is meant to inspire the younger generation to achieve their dreams, build a successful start-up business, and to motivate them to face and overcome obstacles, and turn them into learning experiences.

Ammar earned a Bachelor’s Degree of Science in Electrical Engineering and a Master’s Degree in Economic Planning from the University of Southern California, USA. He is a CFA® charter holder.

Saeid Mohamed Binzagr

Vice Chairman

Chairman of the Board Investment Committee

Saeid Binzagr has over 21 years’ experience in commerce and industry. He is Chairman of Avon Beauty (Arabia) LLC and Binzagr Barwil Marine Transport Company, President and Chief Operating Officer of Abdullah & Said M.O. Binzagr Company Limited, Co-President of Binzagr Factory for Insulation Materials, Board member of Said M.O. Binzagr & Partners Company Limited, Binzagr Co-Ro Limited, Binzagr Unilever Limited, International Marketing & Communications Company Limited and Board member and founder of Diyar Al-Khayyal.

He holds a Bachelor of Science degree from Linfield College, Oregon, USA.

Mohanad Haydar Binladen

Non-Independent Director

Member of the Audit and Compliance Committee

Mohannad is an executive and Assistant General Manager of Administration and Finance at Mohammed Bin Laden Co., were previously he served as Chief Accountant for Binladen Industrial Co. Mohannad is the owner of Cultural Thought Est., Mohammed is also the Founder of Nutrition Food L.L.C. and a Director of Beyond Food Concepts, an Australia-based food franchise company.

Mohanad holds a Master’s degree in Innovation and Technology Management from the Grenoble Graduate School of Business, France and a Bachelor’s degree in Finance from the King Fahad University of Petroleum & Minerals.

Khalil Ibrahim Fawaz

Non-Independent Director

Member of the Board Investment Committee

Khalil Ibrahim Fawaz is the Chairman and Chief Executive Officer of Center for Corporate Services Company (a regional consulting company), and the Chairman and Chief Executive Officer of Move Forward International (a regional financial training company). He previously held the positions of Manager at PricewaterhouseCoopers (PwC), Vice President of Investment Banking at Alkhabeer Capital in Jeddah, Saudi Arabia (2007 to 2009), Head of Corporate Finance at Middle East Capital Group, a subsidiary of First National Bank (FNB), and Chief Financial Officer (CFO) at Zain Saudi Arabia in Riyadh. He is currently a member of a number of audit committees as well as board memberships in Saudi Arabia and Lebanon.

Khalil holds a Bachelor of Business Administration and an MBA from the Lebanese American University in Beirut. He is also a Certified Public Accountant (CPA) by the California Board of Accountancy, U.S.A.

Abdulkader Thomas

Independent

Chairman of the Audit Committee

Abdulkader Thomas is Chief Executive Officer of Shape for Economic Consultancy, and an international expert in Islamic finance. He has held high positions in many institutions, including Publisher and Chief Executive Officer of American Journal of Islamic Finance; Member of the Administrative Committee of Guidance Financial Group; and Acting Chief Executive of the Islamic Investment Banking Unit at United Kuwait Bank.

Abdulkader Thomas holds a Bachelor’s degree in Arab and Islamic Studies from the University of Chicago, USA; and a Master’s degree in Law and Diplomacy from the Fletcher School of Law and Diplomacy, USA.

Issam Zaid Mohammed Al Tawari

Independent

Member of the Audit Committee

Issam Al Tawair is former Chairman and Managing Director of Rasameel Structured Finance Company, Kuwait, and an expert in Islamic finance. He has held high positions in many institutions, including his membership on the board of Ain Takaful Insurance Company, Sorooh Investment Company, Dubai Wire Company, The International Investor, among others.

Issam Al Tawair holds a Bachelor’s degree in Economics & Business Administration from University of Kuwait; and a Master’s degree in Business Administration from University of Hull, England.

Mohammed Abdulrahman Moumena

Independent

Chairman of the Nomination and Remuneration Committee

Mohammed Moumena is an accomplished senior executive with valuable experience in a wide range of challenging business sectors. With more than 18 years of experience, Mohammed has established his reputation as a business leader and thinker in his native Saudi Arabia and at the wider Middle East. He is a Managing Partner at the Boutique Executive Search Firm and Edward W Kelley & Partners. He is an independent Board Member of Fransa Invest Bank (FIB) and the Middle East Healthcare Company MEAHCO (Saudi German Hospitals KSA). He also acts in a non-executive capacity for several other organizations involved in charitable work.

Mohammed holds a Bachelor’s degree in Marketing from King Fahad University of Petroleum and Minerals.

Yassir Kamil Sindi

Independent

Member of the Board Investment and Nomination and Remuneration Committees

Yassir Sindi is the Managing Director and Executive Board member at Al Faris Food Industries and Al Faris Al Arabi Trading Co, KSA, both of which specialize in the manufacturing and distribution of food products. He has extensive experience in the FMCG sector as well as turn-around situations. Yassir was also involved in the Venture Capital and Private Equity sectors as a non-Executive Director at nCoTec LLP and then Frontiers Capital Partners LLP in the UK (2001-2011).

Yassir has a BSC (1988) in Chemical Engineering from Colorado School of Mines, USA, an MA (1991) in Economics from The Johns Hopkins University, USA, and an MBA (2002) from CASS Business School in London, UK.