Wednesday, May 24, 2017
Abu Dhabi: Waha Capital, an Abu Dhabi-based investment company has appointed Rashid Siddiqi as a managing director in its private debt business, which is a new addition to the company’s fast-growing asset management business.
Rashid joins Waha Capital after nine years with NBK Capital Partners, where he was a managing director within NBK Capital Partner’s private equity and mezzanine debt investing business across the Middle East, North Africa and Turkey.
Waha Capital’s private debt business, led by Mirza Beg, was launched last year. It provides bespoke financing and direct lending solutions to mid-market companies in the Middle East, Africa and Turkey.
These funding requirements include growth and expansion capital, funds for share buy-backs and special dividends, pre-IPO growth and acquisition financing, acquisition financing for management and leveraged buyouts, balance sheet recapitalisations and debt refinancing.
Beg and Siddiqi will jointly manage the credit opportunities fund, which would be the inaugural fund offering from Waha Private Debt, the company said in a statement.
Before NBK Capital Partners, Siddiqi spent six years with Bank of America in the US where he was a vice-president within investment banking. During his time at Bank of America, Siddiqi worked on various mergers and acquisitions, leveraged finance, debt advisory and equity capital raising deals for corporates and financial sponsors.
Listed on Abu Dhabi stock exchange, Waha Capital manages assets across several sectors including aircraft leasing, health care, financial services, energy, infrastructure, industrial real estate and capital markets.
Staff Report
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