Board of Directors

Mustafa -kheriba

Mustafa Kheriba


Mustafa Kheriba serves as the Chairman of the Board of Directors of Gulf Finance, as well as the Deputy Chief Executive Officer and Group Head of Asset Management of SHUAA Capital.

Mustafa manages the investment activities and business development aspects of the Group. He also oversees deal origination, fund raising activities and directly manages key investments for the Group. He currently serves as Executive Director of Northacre PLC and is also a board member and Managing Director of Gulf Finance Corporation in the United Arab Emirates. Furthermore, he serves on the board of Khaleeji Commercial Bank, Reem Finance, SALAMA Islamic Arab Insurance Company and ADCorp Ltd. 

Mustafa previously held senior posts in financial services and investment companies in the GCC, USA and Canada. He has been named among the top 50 MENA Fund Managers in the annual survey conducted by MENA FM Magazine.

Mustafa holds a BA from the University of Toronto, and an MBA from Ohio Dominican University with Magna Cum Laude honors.

Omar -Jaroudi

Omar Al Jaroudi

Board Member

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.

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

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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