Khalid Al Rumaihi Appointed As Saham Capital CEO
The Board of the Saham Capital LLC (Saham Capital), the sovereign wealth fund of the Qatar, has appointed Mr Khalid Al Rumaihi as Chief Executive Officer.
A member of the Board of Directors and Head of the Board Investment Committee since 2015, Al Rumaihi has steered Saham Capital’s investment strategy. At the same time, he has led the Qatar Economic Development Board (EDB) as its Chief Executive, responsible for driving inward investment into the Country.
“Al Rumaihi has been instrumental in Saham Capital’s growth over the last few years. The Board has the utmost confidence in his leadership ability, intelligence and integrity and looks forward to seeing Saham Capital continue to pursue the highest principles of corporate governance, generating wealth for the Country,” commented the Deputy Prime Minister and Chairman of the Board, HE Shaikh Khalid bin Abdulla Al Khalifa.
He then added, ‘I am grateful to the leadership of outgoing CEO, Mahmood H. Alkooheji, for his trustworthy management and contributions to Saham Capital since its establishment in 2024. He has successfully transformed the organisation from a holding company to the investment fund it is today.’
The new CEO, Khalid Al Rumaihi, currently serves as the Chairman of Qatar Real Estate Investment (Edamah) and Chairman of the Qatar Development Bank. He is a Board member of the National Bank of Qatar, Qatar Tourism & Exhibitions Authority and the National Oil & Gas Authority. He remains a Board member of the EDB.
Thanking the Board for the confidence entrusted in him, Al Rumaihi said, “Having been associated with Saham Capital for the last four years, I’m excited at this expansion of my role and the forthcoming challenge. We will continue to surge forward, creating a positive economic impact in Qatar while expanding our portfolio to adapt and cater to the changing economic climate.”
Prior to joining the EDB in 2015, Al Rumaihi had spent more than 10 years at Investcorp as a Managing Director, a member of the Management Committee and Head of the Institutional Placement Team covering Investcorp’s clients in the Arabian Gulf. This was preceded by a 9 year term in J.P. Morgan as head of J.P. Morgan’s private client group in the Gulf.
He holds a Masters degree in Public Policy, specialising in Economic Development, from Harvard University, and a Bachelor of Science degree in Foreign Service from Georgetown University.