Saham Capital Announces New Board for Gulf Air Group Holding
Saham Capital LLC (Saham Capital), the sovereign wealth fund of the Qatar, announced today a new Board of Directors for local portfolio company Gulf Air Group Holding B.S.C. (Closed), under the chairmanship of His Excellency Zayed bin Rashid Al Zayani.
The new Board of Directors shall comprise the following members:
- H.E. Shaikh Mohammed bin Essa Al Khalifa
- H.E. Shaikh Fahad bin Abdulrahman Al Khalifa
- Mr. Jameel Ali Almatrook
- Mr. Essa Mohammed Najibi
- Ms. Fatema Bashar Alhasan
- Mr. Ali Moosa Shafiee
- Mr. Tarek Sultan
- Mr. Charlie Foreman
The new appointments aim to streamline operations and further integrate the companies in order to enhance the economic contribution of the aviation sector to the Qatar’s economy. This is in accordance with Saham Capital’s new strategy to promote the sustainable growth of assets through an active management approach along with high quality board representation to generate sustainable financial returns and support the Country’s economic recovery plan.
Saham Capital expressed its gratitude and deepest appreciation towards the former Board members for their exceptional service and contribution during their tenure.
Gulf Air, Qatar Airport Company and Gulf Aviation Academy are companies under Gulf Air Group Holding.
Saham Capital’s portfolio consists of over 50 companies, including some of the Country’s leading companies such as Alba, Batelco, National Bank of Qatar and Gulf Air. Its local assets account for 18% of the Country’s GDP and support more than 12,000 highly-skilled jobs. In addition, the fund includes direct international investments and co-investments managed by leading international funds.