ADX-listed private equity firm Investcorp Capital appointed Sana Khater (LinkedIn) as CEO, effective from 1 September 2025, according to a press release(pdf). She will take over from current interim CEO Mohamed Aamer and brings with her over 35 years of financial leadership experience. Her previous roles include serving as executive finance director at Aldar and chief financial officer at Waha Capital.

Private equity firm Aliph Group appointed Hanadi Al Ali (LinkedIn) as managing director to lead its expansion in Saudi Arabia, according to a press release. She was previously vice-president of placement and advisory at Malaz Capital, a Saudi-based investment management company, and has more than 25 years of experience in the financial services, investment, and wealth management sectors.

HSBC has appointed Mohammed Fannouch (LinkedIn) as co-head of capital markets and advisory for the Middle East, North Africa, and Turkey, pending regulatory approvals, according to a press release (pdf). Fannouch is currently the managing director of investment banking advisory at HSBC Saudi Arabia and has over 20 years of experience in the investment banking sector in Saudi Arabia and the wider region. He will continue to be based in Riyadh, and will work alongside Samer Deghaili (LinkedIn).

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