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

  • ‘’There was no doubt that once we communicate with Hawkamah for a workshop, we were sure that we will achieve our goals and get an added value. And thats what happened; we got a lot of positive feedback from participants which confirms the success of the company secretary 2 days workshop which took place in Manama – Bahrain as well as the fruitful feedback on the knowledgeable and insightful trainers and experts. We would be more than happy to have such cooperations in the future since we consider Hawkamah our patterner in success’’

    Faisal Al-Modlij - GM, Corporate Affairs and Governance - Sipchem KSA

  • "We extend our thanks and appreciation to Hawkamah institute for its cooperation and the effectiveness of the Director Development Program"

    Saeed Al Kaabi - Abu Dhabi Monitoring and Controlling Centre(ADMCC)

  • "The Director Development Program was very rich in useful information and added a lot to us, and the trainers’ experience, skills and capabilities had positive impact on delivering the information to us in a direct and clear manner"

    Hamad Al - Tamimi - Osool Asset Management

  • The corporate Governance in all type of entities adds morality and ensures implementation of the best practices to fulfill the responsibilities of those entities and to ensure the rights of all parties involved, especially those who have no authority to participate in the decision-making cycle.

    Hawkamah institute contributed to enrich the knowledge of these responsibilities and the role of governance for the success of institutional work in accordance with principles that establish values and ethics.

    Ajman Municipality

  • '‘Excellent, well delivered, informative program presented by well-seasoned trainers. The training program has helped transform and empower the Board’s vision and focus our minds on the relevant issues at hand. We sincerely thank you for the training sessions which helped broaden our perspective and decision making processes. We strongly recommend this training to elevate directors to the next level".

    Bank of Maldives

  • "I would like to thank Hawkamah for the ESG Reporting training , I found the two days ESG Reporting training very informative and helpful and I have definitely received some tools that I will use in my work"

    Rania Zaatari - Head of Makassed Communal Healthcare Bureau

  • "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

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