7 Mar 2018
Bahrain, 7 March 2018 – Investcorp, a global provider and manager of alternative investment products, announced today the appointment of Yasser Bajsair as CEO of its subsidiary in Saudi Arabia, Investcorp Saudi Arabia Financial Investments Co., expanding his existing mandate that focused on the Western Province to cover the entire Saudi market.
Yasser has been with Investcorp for over eight years, having joined the Firm in 2010. In his role as Managing Director, he has materially contributed to the strong growth in Saudi Arabia and provided best-in- class solutions to clients. In his new role, he will be leading a team of Saudi relationship managers and investments professionals out of Investcorp’s Riyadh office.
Commenting on the appointment, Mohammed Alardhi, Executive Chairman of Investcorp, said: “Investcorp has been one of the most active investors in Saudi Arabia in the last 10 years. During this period, in his capacity as Managing Director, Yasser played an instrumental role leading the Firm’s business in the Western Province. The experience he gained during his time with Investcorp, together with his deep understanding of the market as a Saudi national, makes him the perfect fit for this role. We have big ambitions in Saudi and we have aligned our business plans with the Saudi economic National Transformation Plan. We believe Yasser is well positioned to lead our team of professionals in the Kingdom.”
Yasser Bajsair, CEO of Investcorp’s business in Saudi Arabia, said: “Saudi Arabia has always been an important market to Investcorp. The robust portfolio we have built in the Kingdom, together with the experienced team we have in place, gives us the edge we need to benefit from the attractive opportunities available in the market. In my new role, I am excited to build on the successful journey of Investcorp in Saudi and to continue its efforts to support the National Transformation Program there.”
Today Investcorp is one of the largest managers of private equity investments in Saudi Arabia with 7 deals closed since 2009. Recent investments include: Al Borg Medical Laboratories, the leading private medical laboratory chain in the GCC; Bindawood Holding, one of the leading supermarket and hypermarket chains; Leejam, the owner and operator of the number one chain “Fitness Time”; Theeb, the largest car rental business to individuals; Al Yusr Industrial Contracting Company (AYTB), a leading provider of industrial services outsourcing solutions; L’azurde, a leading designer, manufacturer and distributor of gold jewelry which was successfully listed on Tadawul Stock Exchange in June 2016; and NDT Corrosion Control Services, Saudi Arabia’s largest industrial testing services company.