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Press Releases

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2017 May 24

Waha Capital expands Private Debt business; appoints Rashid Siddiqi as Managing Director

Abu Dhabi, 24 May 2017 – Waha Capital PJSC (ADX: WAHA), a leading investment company based in Abu Dhabi, has appointed Rashid Siddiqi as a Managing Director in its private debt business, which is a new addition to the company’s fast-growing asset management business. 

Rashid joins Waha Capital after nine years with NBK Capital Partners, where he was a Managing Director within NBK Capital Partner’s private equity and mezzanine debt investing business across the Middle East, North Africa and Turkey.

Waha Capital’s Private Debt business, led by Mirza Beg, was launched last year. It provides bespoke financing and direct lending solutions to mid-market companies in the Middle East, Africa and Turkey. These funding requirements include growth and expansion capital, funds for share buybacks and special dividends, pre-IPO growth and acquisition financings, acquisition financings for management and leveraged buyouts, balance sheet recapitalisations and debt refinancing. Mirza and Rashid will jointly manage the Credit Opportunities fund which would be the inaugural fund offering from Waha Private Debt.

Prior to NBK Capital Partners, Rashid spent six years with Bank of America in the U.S. where he was a Vice President within investment banking. During his time at Bank of America, Rashid worked on various M&A, leveraged finance, debt advisory and equity capital raising deals for corporates and financial sponsors.

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