Senior Leadership Appointments

Saray Capital Limited is announcing that Mr Hussam Shobokshi, who was until recently co-CEO and Vice Chairman, has been elected as Chairman of the Board of Directors. Hussam will be responsible for leading the Board and focusing it on strategic matters, overseeing the Group's business and setting high governance standards. In addition to his role as Chairman, Hussam will be a member of the firm’s Investment Committee and will provide ongoing support and advice to the group.

Simultaneously Mr Majed Hashim, who has held the positions of Chairman and co-CEO, has stepped down from the role of Chairman and assumes the full-time position of Group CEO to focus on leading the development and execution of the firm’s strategy and make sure that performance targets are being met. Majed will also lead the firm’s communications with shareholders, investment partners, and key stakeholders to guarantee the highest degree of interest alignment.

These changes, which are effective 14 September 2021, are designed to increase focus, enhance governance, and steer the firm towards the next chapter in its growth path.

Saray Capital Limited was incorporated in the British Virgin Islands in 2015. With subsidiaries in the Dubai International Financial Centre (DIFC), the United Kingdom, the Cayman Islands, and Egypt, the firm’s mission is to provide a unique investment management platform to serve family offices and high net worth individuals in the MENA region. Saray Capital adopts the principles of value investing to achieve superior performance built on the foundations of alignment, transparency, and long-term partnerships.