ARCAPITA - a global leader in Shariah-compliant alternative investments - has appointed Mustafa Fouad Ali Reda, who holds prominent positions at leading institutions in the Kingdom of Saudi Arabia, as a Member of the Board of Directors. Reda is the Owner and General Manager of Reda Investment & Development Group, and has considerable expertise in the real estate, financial investment, hospitality and tourism sectors. In addition, Reda brings experience from senior roles at several other leading entities, including: Member of the Board of Directors, Saudi Al Bilad Establishment; and previously Member of the Board of Directors, Mecca Chamber of Commerce & Industry; and the Saudi-Turkish Business Council.

Abdulaziz Hamad Aljomaih, Chairman of the Board of Directors at Arcapita, said: “Mr Reda will provide strategic support, helping to enrich and strengthen Arcapita’s operations in the Western province of Saudi Arabia.

“Our Board of Directors consists of a diverse panel of experts, providing us with the insights and knowledge to become a global leader in Shari’ah-compliant alternative investments. We are delighted at the addition of Mr Reda to our Board of Directors as our growth continues. As a firm, we look forward to incorporating his unparalleled market knowledge as we enter a new year.”

Reda said: “Arcapita has a robust new investment pipeline, with the aim of completing a number of new investments over the course of 2019. The investments are underpinned by solid economic fundamentals, which demonstrate confidence in long-term growth within the markets in which Arcapita operates. I look forward to contributing to the firm as it pushes forward with the next phase of its growth.” — SG