Corporate Governance
Board of Directors & Team
The role of our Board of Directors is to act as a steward on behalf of the shareholders of the firm. To fulfill this role, the board is responsible for setting out the overall strategic direction of the firm and for engaging with management to oversee the firm’s activities.
The Massaleh Investment Code of Conduct for Board of Directors (add link)
Board of Directors
Ahmed Fawzi Musaad Al-Saleh
Chairman & CEO
Mr. Al-Saleh graduated from Boston College in USA with major in Operations Strategic Management and Applied Statistics. He owns various responsibilities across several companies under Musaad Al Saleh Group, a conglomerate based in Kuwait with a global presence across diversified sectors and asset classes. Ahmed Al-Saleh has been responsible in managing international funds since the year 2000. The investments are across diversified sectors across various geographical regions spanning from the US, Europe, Asia, and the Middle East. His experience spans across identifying potential investment opportunities that are not commonly available in the market whether it be managed funds, individual direct investments, or mezzanine funds and to thereafter lead investment by soliciting along with HNI and related party institutions.
Farouq Hamad Al-Essa
Vice chairman
Mr. Al-Essa graduated from New York University with a BS in Electrical Engineering (1966) and thereafter secured a Masters in Business Administration from The Wharton School, University of Pennsylvania (1973). In his professional career spanning over half a century he carried out regional and international investment management responsibilities with several governmental and non-governmental organizations in Kuwait and abroad. He has represented the Board of Kuwait Investment Authority, Kuwait Oil Tankers Co, The Securities House Kuwait, 26 Champs Elysee Paris, Ajman Investment Company, Gulf Investment Company, and Arab Steel Bahrain.
Hamad Mohammad Al-Atiqi
Board Member
Mr. Al-Atiqi graduated from University of Delaware in the US with a Bachelor in Business Administration, Finance, and Economics. He is a Certified Risk Analyst, and is a founding member of CFA Chapter Kuwait and is a Fellow Member of American Academy of Financial Management. He has more than two decades of success steering diverse companies (real estate, hospitality, private equity, investment banking, and technology) through complex business environments and strategic reinvention to capture new business opportunities and drive sustainable growth.
Eid Nasser Al-Rashidi
Board Member
Mr. Al-Rashidi graduated from West Virginia University in the US with a Bachelor in Petroleum Engineering and Master of Business Administration from Mastricht School of Management. He served Kuwait Investment Authority for more than a decade in several positions and is currently the Managing Director of Future Generation Advisors. He has a natural passion and enthusiasm for financial markets, has a track record of putting together efficient investment strategies and has gained broad exposure to the world’s capital markets. He has a sound reputation of delivering significant positive investment results, which meet both the stakeholders and overall business requirements.
Khalil Mohammed Sharif Al-Awadhi
Board Member
Mr. Al-Awadhi possesses over 30 years of experience in business development and investment banking working in executive roles at top tier regional and international financial institutions such as Investcorp, PineBridge Investments, Societe Generale Asset Management and BNP Paribas. Over his career, Khalil has been directly involved in marketing and placing over USD 2 billion in capital for international funds and investments across various alternative asset classes.
On October 2016, Mr. Al-Awadhi established Knights Gate Advisory and he is the Managing Director.
Khalil is a Bahraini national. He holds an Executive Business Management Degree from the University of Bahrain.
Team
Ahmed Fawzi Musaad Al-Saleh
Chief Executive Officer
Mr. Al-Saleh graduated from Boston College in USA with major in Operations Strategic Management and Applied Statistics. He owns various responsibilities across several companies under Musaad Al Saleh Group, a conglomerate based in Kuwait with a global presence across diversified sectors and asset classes. Ahmed Al-Saleh has been responsible in managing international funds since the year 2000. The investments are across diversified sectors across various geographical regions spanning from the US, Europe, Asia, and the Middle East. His experience spans across identifying potential investment opportunities that are not commonly available in the market whether it be managed funds, individual direct investments, or mezzanine funds and to thereafter lead investment by soliciting along with HNI and related party institutions
Dr. Ali El-Hakim
General Counsel
An investment and corporate banking executive, general legal counsel, and government advisor, with a career and experience of over 35 years established at international and local banks and investment institutions in Kuwait. Dr. El-Hakim gained his PhD in International Law from the University of Cambridge -1977, and his Master’s degree in International Law from University College London -1971.
Dr. El-Hakim served at the Kuwait Investment Authority as Head of Legal for many years, and was employed at HSBC Kuwait between 2006-2011 as Managing Director Global Banking and Markets. In this role, he was responsible for HSBC’s overall corporate, investment banking and asset management platforms in Kuwait. Currently, Dr. El-Hakim serves as General Counsel and Executive Director for Musaad Al-Saleh & Sons Group.
Abdullah Faisal Al-Mutawa
Investment Manager – Assets Management
Mr Al-Mutawa graduated from University of San Francisco in the US with a Bachelor in Business Administration. He commenced his career with Gulf Bank, Kuwait and thereafter moved to Massaleh Investments where he is responsible for portfolio management on listed portfolios. He collaborates with a team of in-house and external analysts and researchers to research financial information in order to make the best investment decisions on behalf of clients.
Bobby Abraham Mathew
Chief Risk Manager
Mr. Mathew has industry experience of over 25 years in Portfolio Management, Corporate Finance and Risk Management. He is a licensed Chartered Investment Manager of the Canadian Securities Institute and is licensed by The Capital Markets Authority of Kuwait.
Mr. Matthew commenced his professional career with ANZ Grindlays Bank in India and thereafter worked in various governmental and private entities in Kuwait before joining Massaleh Investments. He served for KCIC, the consultancy firm of Kuwait Fund for Arab Economic Development, as the lead Financial Consultant. He has also led various financial studies on mega projects planned by the Government of Kuwait.
Mr. Mattew has Masters in Finance, is a qualified Chartered Accountant from India and is also a Financial Risk Manager Certified by the Global Association of Risk Professionals GARP USA. He is also an alumni of Harvard Business School Executive Education program.
Moataz Shokry
Finance Manager
Mr. Shokry has over 12-years of experience in accounting, audits and finance. His role as Finance Manager extends to Massaleh Investments’ subsidiaries as well.
Prior to joining Massaleh Investments, Mr. Shokry served as finance manager for a stock brokerage company belongs based in Kuwait, with experience in Kuwaiti and international stock markets. He began his career as an external auditor.
Mr. Shokry graduated from Alexandria University in 2004 with a Bachelor’s degree in commerce with a specialization in Finance and Accounting. He is a Certified Public Accountant (CPA) and holds an active license from the United States.
Bashae’r Bader Alomar
Compliance Manager
Ms. Alomar commenced her career working at the Industrial & Financial Investment Company as Operation Manager for 8 years. She joined Massaleh Investments in 2007 and has held various positions including Operations Manager, Human Resources Manager, Internal Auditor Coordinator and Compliance Officer. She re-joined Massaleh Investments Company again in 2017 as Assistant Chief Executive Officer.
Ms. Alomar graduated from Kuwait University with a Bachelor of Industrial Engineering in 1999. She registered as a compliance manager with the Capital Market Authority in March 2018.
George Salamah
Internal Audit Officer
Mr. Salamah currently works as an Internal Audit Office at Massaleh Investments. He has over 12 years of experience in his field and has served many companies within different sectors. He holds a bachelor degree in accounting.
Organizational Structure & Committees
In compliance with the Capital Market Authority’s (CMA) regulation, the Board of Directors at Massaleh Investments constituted several committees including an audit committee, risk committee, and nomination & remuneration committee. The aim of these committees is to support the Board of Directors to execute their strategic plans and realize their goals.