Badwa Capital, a boutique investment banking firm regulated by the Dubai Financial Services Authority (DFSA), announced its entry into the investment management business. The new division is initially anchored with $100 million in capital and will provide family and institutional investors with income-generating investments. The firm’s primary focus will be on yielding infrastructure and real estate assets. These investments will be deployed through sale-leaseback, built-to-suit, and other types of transactions. The platform will be managed by Badwa Capital’s experienced team, including Fawzi Jumean, Abdulaziz Alfalih, and Talal Luay Abu-Ghazaleh.
Fawzi Jumean, Chairman and Partner at Badwa Capital, said: “Many companies are seeking to free up capital from real assets as they grow their core businesses. Through our new platform, we are well-positioned to support companies pursuing asset-light strategies while generating attractive risk-adjusted returns for our investors.”
Badwa will continue to focus on growing its financial advisory business, which (along with its predecessor firm) has assisted clients with transactions worth several billion dollars over the past decade.
The firm recently welcomed three distinguished business leaders to its board: Fawaz AlRajhi, chairman and CEO of AlRajhi United; Faisal Al-Muhaidib, general manager of Al Muhaidib Group’s Masdar Technical Supplies; and Saad AlGheriri, managing director at AlRajhi United. Badwa’s board also includes Omar Wohabe, partner at Wohabe Law Offices in New York City.
In addition, Abdulaziz Alfalih and Talal Luay Abu-Ghazaleh joined the Badwa Capital team in 2018. Alfalih joined from McKinsey & Company as a partner and holds a BSc from the Massachusetts Institute of Technology and an MBA from the Stanford Graduate School of Business. Abu-Ghazaleh joined from Watar Partners as a senior associate and holds a BA from Yale University.