Alkhabeer Capital, the premier asset management and investment firm based in Jeddah, Saudi Arabia, has appointed Ahmed Ghouth as Chief Executive Officer. Ammar Shata, founder of Alkhabeer Capital, will remain in his role as Executive Director of the company. Ghouth has been with Alkhabeer since the company's inception, holding a number of managerial and executive roles. He has held the post of Deputy CEO for more than six years, during which he contributed to executing the company's initiatives and achieving its strategic goals. He has over 15 years of experience in investment banking and asset management, enabling him to contribute to raising Alkhabeer's performance in order to take its position as a leading asset management company. Musaad Mohammad Aldrees, Chairman of Alkhabeer Capital, congratulated Ghouth on his new role, saying "we are delighted that Ahmed has taken the helm at Alkhabeer Capital to lead the delivery of our long term strategy. He is well-positioned to take this leading role based on his vast experience and deep knowledge of the market. As our Deputy CEO over the past few years, he contributed to the success of Alkhabeer in becoming one of the most important financial companies in the region." "We are confident that Ahmed has the knowledge and experience necessary for Alkhabeer to achieve further growth and development of its services and products, in spite of the current economic climate, thereby driving our company's ambitions forward," Aldrees added. Alkhabeer Capital also announced that Ammar Shata would continue in his capacity as Executive Director. Following a 23-year career in investment banking, Mr. Shata founded Alkhabeer Capital in 2004. Since then, he has played a key role in transforming conventional finance in the Saudi market by introducing a range of innovative, Shari'a-compliant financial products. Under his leadership, Alkhabeer Capital emerged as a major player in the asset management industry and stands as a well-recognized Saudi, Shariah-compliant financial institution.
