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.


  • 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

  • Great program! Very well done and very useful information delivered in an excellent manner. The workshop was very inspirational, energizing, bringing lots of ideas, with both substantial and in-depth knowledge together with case studies. Well-balanced composition of participants, which contributed to interesting and focused discussions and exchanges. I would highly recommend it to anyone that is interested in improving their proficiency and core competencies.

    Hassan Murad Agha - Group Head of Compliance & Internal Control - Gulf General Investment Co. (PSC)

  • All companies should promote their boards, executive managers or staffs who have board responsibilities for subsidiary companies to attend corporate governance training. Hawkamah provides the ability for people and companies in the GCC to upskill in the area of corporate governance and directorship through a comprehensive programme teaching international best practice which has been tailored to regional specific governance issues.

    Alastair Mulligan - VP Asset Management - National Central Cooling Company PJSC (TABREED)

  • I am truly honored to attain this certification and I recommend the Compliance Heads of all DFM listed companies to participate and achieve this certification.

    Nabeel Mirza - Senior Director & MLRO - Compliance - GFH Financial Group B.S.C.

  • The workshop has added a level of professionalism to my practice. It addressed and discussed  the right concepts to promote better governance and effective support for business in line with rules and procedures.

    Osama Issaq Al Haj - Head of Legal & Board Secretary - Dubai Islamic Bank

  • A very interesting and informative course which has helped me to adapt my Board Secretary knowledge further to my role as Company Secretary.

    Hamad Al Hosani - Group Company Secretary - Emirates NDB Bank

  • Anyone who wants to enter the world of boards and governance; this is your passport.

    Jehad A. Kazim - Director - Legal Services Dubai Chamber

  • The Directors Development Program was one of the most beneficial programs I attend during my career life. The strength of the program comes from the way it was structured as each part covered very important aspects of the required management role.

    Nada Ishaq Abdul Karim - Manager - The Secretary of The Board of Directors - Bahrain Islamic Bank BSC

  • The DDP offered by the Hawkamah Institute is an excellent course to prepare directors to understand and fulfil their obligations properly as members of the board. I have benefitted immensely from this program and have started to implement some of the best practices taught on the boards that I am involved in.

    Amir Arab - Director - Havenvest Private Equity Middle East Limited

  • The Director Development Program is great way to gain insight and improved understanding in areas such as corporate governance and board functionality. I would highly recommend the program as a foundational step before they begin their board experience.

    Bindu Ann Joseph - Chief Operating Officer - 3W Networks

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