24 May 2017
- Private debt platform providing bespoke financing and direct lending solutions to mid-market companies

- Rashid was previously Managing Director at NBK Capital Partners

Abu Dhabi – Waha Capital PJSC (ADX: WAHA), a leading investment company based in Abu Dhabi, 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 buybacks and special dividends, pre-IPO growth and acquisition financings, acquisition financings for management and leveraged buyouts, balance sheet recapitalisations and debt refinancing. Mirza and Rashid will jointly manage the Credit Opportunities fund which would be the inaugural fund offering from Waha Private Debt.

Prior to NBK Capital Partners, Rashid spent six years with Bank of America in the U.S. where he was a Vice President within investment banking. During his time at Bank of America, Rashid worked on various M&A, leveraged finance, debt advisory and equity capital raising deals for corporates and financial sponsors.

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About Waha Capital
Waha Capital is an Abu Dhabi-listed investment company that offers shareholders and third-party investors exposure to high-potential opportunities in diversified asset classes. The company manages assets across several sectors, including aircraft leasing, healthcare, financial services, energy, infrastructure, industrial real estate and capital markets. Through its Principal Investments unit, Waha Capital has established a strong investment track-record, deploying capital in sectors that display robust demand fundamentals and that have been prioritised by governments in the Middle East and North Africa region. The company has also built a strong capability in managing global and regional credit and equity portfolios, which have enhanced the diversification and liquidity of Waha Capital’s balance sheet. The excellent performance of the company’s principal investments and capital markets portfolios has laid the foundations for the launch of an asset management business aimed at third-party investors. Established in 1997, Waha Capital benefits from a roster of prominent local shareholders that includes Mubadala Development Company, and a distinguished board, chaired by H.E Hussain Jasim Al Nowais.

For further information, please visit www.wahacapital.ae or contact:

Amer Aidi
Head of Marketing & Corporate Communications, Waha Capital
Tel: +971 2 403 9305
Mob: +971 56 329 6437 
E-mail: amer.aidi@wahacapital.ae

© Press Release 2017