Abraaj Capital appoints Mustafa Abdul- Wadood as Managing Director

Mr. Abdel-Wadood joins Abraaj with broad management, investment banking and corporate finance experience from EFG Hermes, where he served as CEO for the UAE and previously as the Managing Director of Investment Banking, EFG Hermes Egypt. During his time at EFG Hermes he has been associated with many successful transactions including public listing of Vodafone Egypt, rights issue of Olympic Group and acquisition of Sidi Krier power plant by CDC Globeleq. Mr. Abdel-Wadood also served for 8 years with Orascom Group as Director Business Development and Investment.

Arif Naqvi, CEO and Executive Vice-Chairman of Abraaj Capital said:" The appointment of Mustafa Abdel-Wadood as a Managing Director highlights our ongoing commitment to excellence in the field of private equity and to strengthen our leadership position across the region. Mustafa has remarkable credentials and is a well-recognized name in the investment banking and corporate community of the Arab World. In addition to his management expertise, he has been involved in numerous landmark transactions across different sectors. We are extremely pleased to welcome him on board."

Commenting on his appointment, Mustafa Abdel-Wadood said, "I look forward to joining the world-class team at Abraaj Capital. The firm has an excellent franchise and track record as the leading private equity player in the region. The opportunity to work with the team towards the next phase of growth is very exciting."