MANAMA, Bahrain, Jan 20, 2019 – Arcapita – a global leader in Shari’ah-compliant alternative investments – has appointed Mustafa Fouad Ali Reda, who holds prominent positions at leading institutions in the Kingdom of Saudi Arabia, as a Member of the Board of Directors.
Mr Reda is the Owner and General Manager of Reda Investment & Development Group, and has considerable expertise in the real estate, financial investment, hospitality and tourism sectors. In addition, Mr Reda brings experience from senior roles at several other leading entities, including: Member of the Board of Directors, Saudi Al Bilad Establishment; and previously Member of the Board of Directors, Mecca Chamber of Commerce & Industry; and the Saudi-Turkish Business Council.
Commenting on the appointment, Abdulaziz Hamad Aljomaih, Chairman of the Board of Directors at Arcapita, said: “Mr Reda will provide strategic support, helping to enrich and strengthen Arcapita’s operations in the Western province of Saudi Arabia.
“Our Board of Directors consists of a diverse panel of experts, providing us with the insights and knowledge to become a global leader in Shari’ah-compliant alternative investments. We are delighted at the addition of Mr Reda to our Board of Directors as our growth continues. As a firm, we look forward to incorporating his unparalleled market knowledge as we enter a new year.”
Mr Reda said: “Arcapita has a robust new investment pipeline, with the aim of completing a number of new investments over the course of 2019. The investments are underpinned by solid economic fundamentals, which demonstrates confidence in long-term growth within the markets in which Arcapita operates. I look forward to contributing to the firm as it pushes forward with the next phase of its growth.”