Abraaj Capital Supports Hawkamah in Promoting Corporate Governance in MENASA Region
Abraaj Capital Supports Hawkamah in Promoting Corporate Governance in MENASA Region
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First private equity firm to sign corporate sponsorship agreement with Hawkamah

Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced today that it has signed a three year corporate sponsorship agreement with the Hawkamah Institute for Corporate Governance (“Hawkamah”).  Abraaj’s sponsorship will be used to promote corporate governance across the MENASA region. Hawkamah has already signed sponsorship agreements with major international businesses, including PricewaterhouseCoopers and MasterCard. Through their sponsorship, Abraaj Capital  aims to endorse and encourage corporate governance reform in the industry. Hawkamah has already signed sponsorship agreements with major international businesses, including PricewaterhouseCoopers and MasterCard. With the rapid growth of the financial services sector across the Middle East and in particular the recent rise of private equity firms, Abraaj Capital recognizes that it has a role to play to proactively adopt and promote corporate governance reforms in the region. Dr. Nasser Saidi, Executive Director of Hawkamah said: “We are seeing increasing interest from private equity firms and funds in the development and implementation of good corporate governance in the Middle East.  Hawkamah’s role in leading the way across the region with strategic initiatives to raise awareness of and promote the fundamentals of sound corporate governance is widely recognized. Abraaj’s support of Hawkamah underlines the firm’s progressive attitude to corporate governance - which has become a crucial aspect of the firm’s investment decision-making process.  We look forward to engaging investors and private equity companies to strengthen corporate governance, transparency and disclosure in the nascent mergers and acquisitions business in our region.” Frederic Sicre, Executive Director of Abraaj Capital, commented: “We are keen to demonstrate our commitment to corporate governance in the private equity industry by being actively engaged in Hawkamah’s task forces, regional activities and events.  Sound corporate governance is crucial to the development of the industry within the region and we are delighted to be part of the force advocating this. Our decision to support Hawkamah is a natural progression for us having been the first pure private equity firm to be registered by the DFSA to operate out of the DIFC. We actively work with our portfolio companies in the area of corporate governance as part of our active portfolio management process..” The Hawkamah Institute for Corporate Governance is an international association of corporate governance practitioners, regulators and institutions whose primary mandate is to develop corporate governance best practices in the Middle East region. By promoting the core values of transparency, accountability, fairness, disclosure and responsibility, Hawkamah assists countries and companies in the region to develop and implement sound and globally integrated corporate governance frameworks. Abraaj Capital is a leading private equity firm with seven funds and over US$ 4 billion of assets under management. The company focuses on investments in the Middle East, North Africa and South Asia region.
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Testimonials

  • "The DDP provides a solid foundation of corporate governance for existing and aspiring directors."

    David Haglund - Senior Executive Director and Portfolio Manager of the Templeton Frontier and MENA Market strategies

  • “Thank you so much for sharing such insightful webinar. It was great and valuable to all participate”

    Shady Rashed - Senior Economic Researcher at The Ministry of International Cooperation of Egypt

  • “Good session and very well organized on the webinar about How to buffer and lessen the impact of the novel Covid – 19, to maintain business sustainability with Hawkamah - AUB / Makhzoumi” 

    Bilal Hamade - Executive Advisor

  • "One of the best webinars I attended. Well done OSB Makhzoumi and Hawkamah”

    Fida Kanaan – Director – Executive education  OSB AUB

  • "A journey full of knowledge, experience and professionalism . I have learned a lot and definitely enjoyed the time I spent with my colleagues."

    Ibtihal Al-Shamali- Director of Corporate Governance- Capital Market Authority of Kuwait

  • The breakfast meetings organised by Hawkamah provide attendees with a great opportunity to meet with peers from leading organisations and exchange ideas on current issues and challenges. A strong panel of industry experts discussing the challenges from different perspectives on ‘How to get the board more engaged’ was most insightful and engaging with enthusiastic audience participation especially in matters regarding diversity and quality of information that is  presented to the board for effective decision making. I look forward to more such events that are organised by Hawkamah

    Sunil Edwards- Group Head of Internal Audit  - Bank of Sharjah

  • The power breakfast on board engagement organized by Hawkamah in collaboration with Diligent was a successful event, very insightful and informative and well organized

    Mostafa Ibrahim Abdeltawab - Tax Agent & Consultant  - Skylines Tax Consultancy

  • There is absolutely no doubt that Hawkamah – as always – has done unmatchable effort in producing its most recent valuable report in association with Diligent about Board Best Practices in the MENA. The discussions that took place in the “Power Breakfast” was so important and insightful; the influx of questions by the quality participants and the valuable answers of the quality panelists is a clear proof of Hawkamah continued success in such events. 

    Yasser Al Dabach – Board Secretary – Ghobash Trading & Investment Group

  • The technical knowledge, insights, case studies and learning provided by the ‘Director Development Program’ are very useful and effective in framing the strategic planning, implementation and delivery phases of growth plans in the difficult economic and geo-political times that we are operating in.

    Hisham Dimashki – CEO - BAP LLC – (associated with GM Trading Companies - Washington DC)

  • The certified Board Secretaries Workshop provided by Hawkamah and Dubai Financial Market is an essential course for learning corporate governance, scope and responsibilities of the board secretary and understanding the governance and disclosure requirements of the Dubai Financial Market and the Securities and Commodities Authority. It is a practical course which combined recent best practices and key learning lessons. I would highly recommend it for people involved in corporate governance and in particular in a listed company.

    Omran Al Zamani - Senior Legal Counsel - Dana Gas PJSC

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