Board of Directors & Management Team

BOARD OF DIRECTORS & MANAGEMENT TEAM

The Board of Directors – The Pillar of Governance and Strategy

The Board of Directors stands at the apex of the Theqaa Capital Financial’s governance structure. Entrusted with the highest level of responsibility, the Board oversees the entirety of the Theqaa Capital Financial, guiding its strategic direction, leadership, and overarching corporate governance. The Board’s role is pivotal in shaping business strategies, ensuring financial robustness, making key personnel decisions, and establishing internal organizational structures. It also shoulders the critical responsibility of managing risk and ensuring compliance with regulatory obligations.

While the Board retains the ultimate decision-making power on vital matters, it may, where appropriate, delegate certain functions to board committees or other executives. However, it is important to note that the delegation of functions does not equate to the delegation of responsibilities.

Governance / Board of Directors & Management Team

Composition of the Board

The Board of Directors of the Theqaa Capital Financial is a balanced mix of Executive Directors and Non-Executive Directors, including Independent Non-Executive Directors. The structure ensures a majority of Non-Executive Directors, with these directors holding the casting vote. This composition is designed to foster diverse perspectives and maintain an equilibrium between executive management and independent oversight.

Board Membership

The Board will comprise a Chairman and two Independent Directors. They are supported by key executive positions such as the Head of Arranging and Head of Advising, along with the Chef Executive Officer.

Initial Board and Management Structure

The initial Board of Directors and management team of Theqaa Capital Financials include esteemed professionals:

Board of Directors:

Radi El-Helw: Serving as Chairman and a Non-Executive Director.

Luay Al Qatami: Appointed as an Independent Director.

Ganesh Subramanian: Contributing as an Independent Director.

Management Team:

Radi El-Helw: Serving as the CEO and Head of Arranging.

Nabeel Kazarooni: Serving as the Head of Advising.

Commitment to Excellence

The Board of Directors at Theqaa Capital Financial is steadfast in its commitment to upholding the highest standards of leadership and governance. With a strategic blend of experience and expertise, the Board is uniquely positioned to lead Theqaa Capital Financial towards achieving its goals and enhancing its stature in the financial sector.

The Theqaa Capital Financial Board will be assisted in performance of its duties by the existing corporate governance framework of the Arqaam Group, consisting of the various committees and sub working groups. These committees report both to the Theqaa Capital Financial Board as well as to the Arqaam Group ExCom and AGM Board, as outlined below.

As part of the corporate governance and organizational procedures and policies Theqaa Capital Financial will be part of the existing framework, while noting that this will not detract from the responsibilities and corporate governance of Theqaa Capital Financial and local law and regulatory requirements in relation thereto.

Radi El-Helw

Chairman, CEO, Head of Arranging and Non-Executive Director, Theqaa Capital Financial (KSA)

Radi, the Chairman, CEO, Head of Arranging and Non-Executive Director of Theqaa Capital Financial (KSA), stands at the helm with over 30 years of enriched experience in brokerage, management, banking, and finance. His extensive background encompasses a wide range of roles, from executive leadership and operations management to governance and business development.

As the President of Arqaam Global Markets in Dubai, UAE, and Cairo, Egypt, Radi has skillfully managed a dynamic team of over 160 professionals across various divisions, including sales and trading, research, custody, corporate finance, and asset management. In his role, Radi plays a critical part in shaping the company’s financial direction and strategy. He is instrumental in presenting comprehensive budgets to the Board of Directors for approval, being a key member of the executive committee. His leadership extends to ensuring that all departmental targets are effectively met through meticulous oversight and follow-up, demonstrating his commitment to the company’s success.

Moreover, Radi’s involvement with the executive committee is pivotal in maintaining and reinforcing the company’s corporate governance policies and procedures. His close collaboration with the committee underlines his dedication to upholding the highest standards of corporate governance and operational excellence.

With Radi’s wealth of experience in handling diverse M&A opportunities and being an active and influential board member, he is exceptionally suited to steer Theqaa Capital’s expansion into Saudi Arabia. Theqaa Capital aims to become a leading figure in investment brokerage in the Kingdom, and under Radi’s adept leadership and profound understanding of investment banking, the firm is well-positioned to achieve and exceed these aspirations. His hands-on approach and technical acumen are the driving forces behind Theqaa Capital’s strategic goals and its pursuit of excellence in the Saudi market, particularly in Arranging and Advisory services.

Luay Al Qatami

Independent Non-Executive Director, Theqaa Capital Financial (KSA)

Luay Al Qatami serves as an Independent Non-Executive Director on the Board of Theqaa Capital Financial (KSA), bringing a specialized focus on international property investments. His role at Theqaa Capital Financial is instrumental in providing diverse perspectives and strategic insights, particularly in the realm of global investment opportunities.

Luay’s professional background is marked by significant experience in investment banking. He has held key positions in prominent financial institutions, contributing to his deep understanding of the investment landscape. His roles have included serving as an Investment Manager in the Treasury and Investment Division at Al Ahli Bank of Kuwait, a Senior Investment Manager in Portfolio and Asset Management at Al Ahlia Investment Company, and an Assistant Manager in the Asset Management Division at Gulf Investment Corporation.

Adding to his investment banking experience, Luay also underwent investment training with the Kuwait Investment Authority. This training included short-term positions with various institutions, notably Morgan Stanley, providing him with a broad and multifaceted understanding of investment strategies and financial markets.

Academically, Luay Al Qatami possesses a strong foundation in business and finance. He holds a BA in Business Administration with a focus on Marketing from The American College in London, complemented by an MBA in Finance from Kuwait University. This educational background enriches his approach to business strategy and investment decisions.

As an Independent Non-Executive Director at Theqaa Capital Financial, Luay Al Qatami’s extensive experience in property investments and investment banking, combined with his academic qualifications, make him a valuable asset to the Board. His expertise supports Theqaa Capital’s commitment to diversification and strategic growth in the competitive Saudi market.

Ganesh Subramanian

Independent Non-Executive Director, Theqaa Capital Financial (KSA)

Ganesh Subramanian serves as a Independent Non-Executive Director on the Board of Theqaa Capital Financial (KSA), playing a crucial role in shaping the financial vision and strategic direction of the company in Saudi Arabia. His appointment to the board is a strategic step towards realizing Theqaa Capital’s ambition of making its Saudi Arabian entity the largest and most successful part of the group, potentially becoming the headquarters.

In his capacity as an independent non-executive board member, Ganesh brings a wealth of financial and investment experience to the table. He is currently the Senior Executive Director of Theqaa Capital Limited in the DIFC, a role that underscores his deep familiarity with the Arqaam brand and its operational ethos.

Ganesh’s extensive experience is not limited to his current position at Theqaa Capital Limited. He has accumulated significant years of relevant experience serving on the boards of various companies, providing him with a broad perspective on corporate governance and strategic management. His role as an independent non-executive director for Theqaa Capital Limited (Cayman), the group holding entity for the Arqaam group of companies, further attests to his expertise and leadership capabilities.

At Theqaa Capital Financial, Ganesh’s insights are invaluable for guiding the company’s growth trajectory in the Kingdom. He is known for his financial acumen, board experience, credibility, and sector knowledge, coupled with a capacity for independent thinking. These qualities make him an integral part of the board, contributing to Theqaa Capital Financial’s commitment to excellence and innovation in the Saudi Arabian financial market.

Nabeel Kazarooni

Head of Advising, Theqaa Capital Financial (KSA)

Nabeel Kazarooni, the Head of Advising at Theqaa Capital Financial (KSA), brings a profound depth of experience and expertise in finance to the forefront of the firm’s advisory services. With his extensive background in the Gulf region’s finance sector, Nabeel plays a pivotal role in guiding Theqaa Capital’s advising strategies and operations.

In his capacity as a financial adviser, Nabeel excels in providing clients with insightful advice on the nuances of dealing in securities and exercising rights associated with these securities. He is also responsible for overseeing critical areas such as financial analysis, financial modeling, and investment valuations, ensuring that clients receive comprehensive and strategic financial guidance.

Nabeel’s tenure at Theqaa Capital, which began in 2011, has been marked by his focused expertise in investment banking. He has been instrumental in supporting the investment banking team, particularly in origination and client relationship management. His role extends beyond traditional advising, encompassing cross-selling the firm’s equities and fixed income funds, and managing accounts for equities and credit brokerage services.

A notable achievement in his career at Arqaam includes raising USD 200 million in the past 18 months for fixed income products, both conventional and Shari’a compliant, from Saudi-based clients. His focus on cross-border M&A advisory services, particularly targeting the GCC, Africa, and Southeast Asia, demonstrates his capability in navigating complex international financial landscapes.

Nabeel’s significant financial acumen, board experience, and sector knowledge make him an invaluable asset to Theqaa Capital in Saudi Arabia. His independent thinking and credible advisory approach are integral to Arqaam’s commitment to delivering exceptional financial advising services in the region.