Board of Directors

Omar -Jaroudi

Omar Al Jaroudi


Omar Al Jaroudi, a Saudi national, comes with over 32 years of diversified experience in the fields of commercial and investment banking. He started his career in 1984 with the Saudi French Bank initially in commercial banking and later moved to investment banking.

In 1995, he moved on to help setting up Lebanon Invest, an investment bank which was merged in the year 2000 with Banque Audi SAL after which Mr Al Jaroudi joined SHUAA Capital in March 2007. During this period, he amassed vast and diversified experience, both in the region as well as in Europe, in the areas of investment banking, private equity, asset management, local and regional brokerage, and distribution. He also serves on the board of several companies both in the Middle East and Europe.

Mr Al Jaroudi holds a Master’s Degree in Economics from Syracuse University in New York and a Bachelor’s Degree in Business Administration from the American University of Beirut.

Bechara -raad

Bechara Raad

Vice Chairman

Bechara is the Group Chief Operating Officer at SHUAA Capital psc, the DFM-listed entity and a leading asset management and investment banking platform with c. USD 14 billion in assets under management.

Bechara is responsible for overseeing the Group’s support and operational functions and ensuring timely provisions and allocation of human, financial and physical resources. Bechara has nearly 30 years of professional experience, having held several senior positions in the financial services industry, including Chief Operating Officer at Credit Suisse for the Middle East and Africa and Chief Operating Officer at Audi Capital in Saudi Arabia. He also has extensive experience in hi-tech firms and entrepreneurial ventures.

Bechara holds degrees from the American University of Beirut (BE ’89), Virginia Tech (MS ’90), and INSEAD (MBA ’95D).

Fawad -Tariq -Khan

Fawad Tariq Khan

Board member

Fawad is the MD, Head of Investment Banking at SHUAA Capital psc, the DFM-listed entity and a leading asset management and investment banking platform with c. USD 14 billion in assets under management.

Fawad is responsible for SHUAA Capital’s advisory, capital markets and credit business lines.

Fawad also serves on the Board of Directors of Northacre-London and NCM a global FX and commodities platform.

Fawad started his career with Deloitte based out of London before joining the Dubai office where he helped set up its Middle East debt advisory practice.

He holds an MSc in Business Studies from UCD Smurfit Business School and a BSc in Computer Science from University College Cork. Fawad also served with the Irish Reserve Defence Forces in the military police.

Mr -turki -alnowaiser 175x 185

Turki Alnowaiser

Board Member

Turki is the CEO of Eatpreneurs LLC (A specialized F&B company), Managing Director of AlNowaiser Family Office and a Board Member of several companies. He received his undergraduate degree from The University of Nottingham and a Masters degree from Glasgow Caledonian University in the UK.

Abdulrahman -Tolefat

Dr. Abdulrahman Tolefat

Board Member

Dr. Abdulrahman bin Khalil Tolefat, Independent Board Member, serves as the Chief Executive Officer, Managing Director, and Member of Board of Directors at Nomw Capital.

Dr. Tolefat holds a PhD in Islamic Finance from Durham University, an MBA from DePaul University, and a B.Sc in Mathematics from Bahrain University. Dr. Abdulrahman has over 15 years experience in the financial and business sectors especially in Islamic finance, where he held a number of senior positions at the Central Bank of Bahrain (BMA).

In 2008, he held the position of Chief Executive Officer of Allianz Takaful, the global arm of Islamic insurance for German Allianz Group. He was promoted in 2010 as Chairman of Allianz Takaful and led the company to many successes.

At the end of 2011, Dr. Abdulrahman established  Itkan Financial Services Company, a licensed by the Central Bank of Bahrain, with other investors and was appointed as Chairman of the Board of Directors. He led the company's team to structuring specialized financing for real estate projects In Mecca and the establishment of real estate funds and the establishment of many companies in several areas, especially energy and education.

In 2013, Dr. Abdulrahman assumed the position of Managing Director and Chief Executive Officer of Nomow Capital, which was established in Riyadh in 2014 as an integrated investment company licensed by the Capital Market Authority (CMA) to practice various investment and financial activities inside and outside the Kingdom.

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