Alkhabeer Capital

Alkhabeer Capital releases GCC 2016 Budgets Report

Saudi's Alkhabeer Capital has released the 2016 edition of its report reviewing GCC governments’ budgets. The report analyses the latest budgets of the region’s governments, the recent reform measures announced and the broader, long-term implications of the political will to improve efficiencies, curb wasteful expenditures and instill fiscal discipline. Citing the emergence of government imperatives in the region to refocus budget priorities and reduce extravagance, Alkhabeer’s report expects expenditure levels in the GCC to reflect a cautious stance on spending as the region adopts unprecedented measures to counter the plunge in oil prices since June 2014.

Alkhabeer Capital unveils IPO Fund

Alkhabeer Capital, an asset management and investment firm in Saudi Arabia, has announced the launch of Alkhabeer IPO Fund. The Alkhabeer IPO Fund is a Sharia Compliant, Open-Ended Investment Fund targeting IPOs and newly listed companies in Saudi Arabia during their first three years on the market. The fund may also invests part of its assets in the same at other GCC capital markets. Ahmed Saud Ghouth, Deputy Chief Executive Officer of Alkhabeer Capital, commented that year-on-year the firm has reported increases in assets under management and has assessed the IPO performance of securities in the GCC, which have seen improvements in the money raised over 2015.

Alkhabeer Capital partners with Al-Zamil & Al-Kharashi Law Firm to develop waqf endowments

Alkhabeer Capital, an asset management and investment firm based in Saudi Arabia, announced the signing of a strategic cooperation agreement with waqf incorporation and regulation law firm Al-Zamil & Al-Kharashi. The agreement provides for synergy between Alkhabeer Capital and Al-Zamil & Al-Kharashi Law Firm in the creation and regulation of waqf solutions. The agreement follows Alkhabeer's unveiling of its proprietary "Waqf" program earlier this year, which provides waqf wealth structuring and management advisory services to educational and charitable institutions, family offices, high net worth individuals and philanthropists who aspire to establish waqf entities.

Alkhabeer Capital Appoints Musaad Mohammad Aldrees As Chairman

The Board of Directors of Alkhabeer Capital has accepted the resignation of Mr. Saleh Mohammed Binladen from his position as Chairman of the Board of Directors, for personal reasons. The board also announced the appointment of Mr. Musaad Mohammad Aldrees in his place as Chairman, effective October 7, 2015. Mr. Binladen said he was stepping down to reduce his broad responsibilities. Mr. Aldrees , a member of the board of Alkhabeer Capital since 2008, will serve as Chairman until the appointment of a new Board and Chairman in January 2016.

Alkhabeer Capital launches its "Waqf" program

Alkhabeer Capital , an asset management and investment firm based in Saudi Arabia, announced the launch of its "Waqf" (endowment) program, intended to provide advisory services for structuring Waqf entities and managing its assets. Through its Waqf program, Alkhabeer is targeting educational and charitable institutions, family offices, high net worth individuals and other philanthropists who aspire to establish Waqf entities. The program addresses the challenges of traditional Waqf by providing Waqf structures in compliance with best standards of governance, disclosure and independent supervision to ensure the management of the Waqf affairs in accordance withterms of the Waqif (Waqf founder).

Alkhabeer Capital signs agreement to enter Saudi real estate market

Alkhabeer Capital has signed a strategic agreement with Alareen Holding Company, Saudi Arabia-based real estate development company, to get exposure to the Saudi residential development market. Saudi Arabia will need significant supply of new housing projects in order to keep pace with the growing population. Due to the growing young population, the rapidly declining household sizes and evolving Saudi lifestyle, demand for residential units is expected to remain healthy across the Kingdom, according to Ahmad S. Ghouth, Deputy CEO at Alkhabeer Capital. The cooperation with Alareen enables Alkhabeer to access the growth potential,

Alkhabeer Capital hosts roundtable on family businesses and private equity...

Saudi investment and asset management firm Alkhabeer Capital has hosted a roundtable on ‘Family Businesses and Private Equity’ in Jeddah. The event was attended by clients, partners and a select group of prominent industry leaders and was chaired by keynote speaker, Dr. Benoit Leleux, a professor of Entrepreneurship and Finance at IMD Business School in Switzerland. Dr. Leleux presented two key sessions which addressed the relationship between private equity and family businesses, the first titled “Family Business and Private Equity – Valuable Partnership or Conflicts of Interest” and the second addressed “The Impact of Governance and Presence of Non-Family Executives on Family Businesses’ Entrepreneurial Wealth Creation”.

Alkhabeer Capital appoints Tariq Hayat as Chief Corporate Communication Officer

Alkhabeer Capital, a leading asset management and investment banking firm headquartered in Jeddah, Saudi Arabia, announced the appointment of Tariq Hayat as Chief Corporate Communication Officer. Tariq joins Alkhabeer Capital from Arcapita Bank where he had worked since 2003 in senior corporate communications and management roles before being appointed as Arcapita’s Head of Corporate Communications. His key responsibilities will be to direct Alkhabeer’s internal and external corporate communication strategies, in addition to delivering specific stakeholder engagement initiatives to support the company’s accelerated growth.

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