Corporate Governance & Legal Entities

C governance

Ahli Capital Investment Company (ABK CAPITAL)

ABK Capital is a leading regional investment firm, providing asset management solutions and investment advisory services. Established in 2006, it is a Kuwaiti Shareholding Closed Company (K.S.C.C) regulated by Kuwait's Capital Markets Authority (CMA). As a subsidiary of Al Ahli Bank of Kuwait (ABK), ABK Capital is part of its growing regional footprint spanning across Kuwait, Egypt, and the United Arab Emirates. ABK Capital prides itself on extending the same level of transparency, proficiency, and dedication to all its clients, and delivers a broad range of local, regional, and international investment solutions and services.

Our Story

ABK Capital is the investment arm of Al Ahli Bank of Kuwait (ABK). The Bank’s reputable standing as an organization with over 50 years of experience across Kuwait, Egypt, and the United Arab Emirates provides ABK Capital with a regional and international strategic advantage. Since its establishment in 2006, ABK Capital has built a business model that places clients’ interests at the top of its priorities. It is committed to fostering close long-term relationships with its clients to meet their investment needs. With a team of highly experienced investment professionals, we seek to strengthen our position as one of the leading investment companies in Kuwait. We deliver a rich range of products, services, and investment solutions, tailored to meet our clients’ specific goals. Our offerings cover traditional and alternative asset classes, and provide access to local, regional, and global markets easily and conveniently.


We are committed to adhering to the highest standards in its corporate governance practices. Our Board of Directors have adopted a comprehensive corporate governance framework that enhances the overall governance environment in line with leading practices, laws and regulations issued by the Capital Markets Authority (CMA) in Kuwait.

BOARD OF DIRECTORS

Abdulaziz Jawad
Abdulaziz Jawad
Chairman

Dr. Jawad has been appointed as Chairman of ABK Capital in 2024, and currently serves as the Chief Strategy Officer at Al Ahli Bank of Kuwait, overseeing the Group's strategy and transformation alongside M&A activities. Dr. Jawad has 20 years of experience in the TMT as well as Financial Services industries. Before joining Al Ahli Bank of Kuwait, Dr. Jawad made significant contributions at Zain Group, a leading global mobile telecommunications group. As the Executive Director of Strategy and Business Development, and Head of Corporate Finance, he played a pivotal role in guiding the company through various strategic and financial milestones. Dr. Jawad holds an MBA from London Business School and is currently pursuing a Doctorate of Business Administration from IE Business School.

Ebtisam Adnan AL-Mousa
Ebtisam Adnan AL-Mousa
Vice Chairperson

Ms. Al-Mousa has been appointed as a Board Member of ABK Capital in 2023 and currently serves as Vice Chairperson of the company as of January 2023. She joined the banking industry in 2002 and has diverse exposure in the fields of Corporate Banking and Risk Management. Currently, she holds the position of Deputy Group Chief Risk Officer at Al Ahli Bank of Kuwait (ABK), where she is responsible for identifying, assessing, mitigating and managing credit risk arising from the internal and external business environment at bank-wide level. Her role also entails the responsibility for guiding the Board and Top Management in the execution of their risk responsibilities. She also served as Vice Chairperson at Al Tijari Financial brokerage Company and Head of Credit and Investment Review at the Commercial Bank of Kuwait. Ms. Al-Mousa holds a bachelor’s degree in Marketing from Arizona State University.

Ghandi Habballah
Ghandi Habballah
Board Member

Mr. Habballah has been appointed as a Board Member of ABK Capital in 2024. He brings over 27 years of extensive regional and global experience in banking and financial services, management consulting, technology, and strategy planning and execution. He currently holds the position of Head of Enterprise Program Management Office and Acting Head of Transformation Office at Al Ahli Bank of Kuwait. He oversees the delivery of transformation programmes for the organization and leads the enterprise-wide internal projects processes. Mr. Habballah graduated with a Bachelor's degree in Computer Sciences from the University of Texas at Austin, USA.

Naser Adel Behbehani
Naser Adel Behbehani
Board Member

Mr. Behbehani has been a Board Member at ABK Capital since June 2019. He has more than 9 years of experience in the investment and financial sectors. He is also on the Board of Commercial Facilities Company S.A.K and Vice Chairman of KIC Financial Brokerage representing Al Ahli Bank of Kuwait (ABK). Mr. Behbehani is currently a Manager in the Corporate Banking Department of Al Ahli Bank of Kuwait (ABK). Mr. Behbehani has a bachelor’s degree in Marketing from University of Tasmania through the Australian College of Kuwait (ACK).

Khaled Hussain Al-Shatti
Khaled Hussain Al-Shatti
Independent Board Member

Mr. Al-Shatti has been an Independent Board Member at ABK Capital since May 2016. He has over 28 years of experience in the field of banking, administration, marketing, finance, investment, and strategic planning. Mr. Al-Shatti is also currently serving as a Board Member at Industrial Bank of Kuwait (IBK) and as a Member of the Nomination & Remuneration Committee and the Risk Management Committee. Prior to that, he served as Vice Chairman of Munshaat where he provided high governance standards and leadership to the management team to create sustainable and substantial returns for its shareholders. He was also Managing Director of Sokouk Real Estate where he led the initiative in developing and executing long-term strategy, and continuously achieving business goals and objectives. Mr. Al-Shatti holds a Bachelor of Science degree in Business Administration specializing in Finance from California State University, USA.

Abdulaziz Jawad

Abdulaziz Jawad

Chairman

Ebtisam Adnan AL-Mousa

Ebtisam Adnan AL-Mousa

Vice Chairperson

Ghandi Habballah

Ghandi Habballah

Board Member

Naser Adel Behbehani

Naser Adel Behbehani

Board Member

Khaled Hussain Al-Shatti

Khaled Hussain Al-Shatti

Independent Board Member

BOARD COMMITTEES

In compliance with the requirements of the Capital Markets Authority (CMA) in Kuwait, three committees support the Board of Directors of Ahli Capital:

NOMINATION AND REMUNERATION COMMITTEE

Abdulaziz Jawad

Abdulaziz Jawad

Chairman of the Committee

Khaled Hussain Al-Shatti

Khaled Hussain Al-Shatti

Member

Naser Adel Behbehani

Naser Adel Behbehani

Member

RISK AND COMPLIANCE COMMITTEE

Ebtisam Adnan AL-Mousa

Ebtisam Adnan AL-Mousa

Chairperson of the Committee

Naser Adel Behbehani

Naser Adel Behbehani

Member

Khaled Hussain Al-Shatti

Khaled Hussain Al-Shatti

Member

AUDIT COMMITTEE

Khaled Hussain Al-Shatti

Khaled Hussain Al-Shatti

Chairman of the Committee

Naser Adel Behbehani

Naser Adel Behbehani

Member

Ghandi Habballah

Ghandi Habballah

Member

EXECUTIVE MANAGEMENT

Sherif ElRafie, CFA
Sherif ElRafie, CFA
Chief Executive Officer

ElRafie brings over 20 years of experience in investment banking across the GCC, the Middle East & North Africa, and the United States. He has executed transactions exceeding USD 12 billion in capital markets, mergers and acquisitions, private placements, and structured financing.


He holds a Bachelor’s degree in Business Administration and an MBA from the University of Texas, USA, in addition to being a Chartered Financial Analyst (CFA).

Sherif ElRafie, CFA

Sherif ElRafie, CFA

Chief Executive Officer