Middle Eastern buyout firm Abraaj Capital has appointed Sari Maher Anabtawi as an executive director responsible for investor coverage and fundraising, according to a statement.
He is joining Abraaj from Standard Bank in Dubai, where he was head of regional origination and director of corporate and investment banking in the MENA region.
Anabtawi held senior positions at various investment banks including Drexel Burnham Lambert, Smith Barney and Morgan Stanley in his 20 years in banking. He has also worked for 10 years in private equity as well as spells at IBM and Anderson Consulting, Abraaj’s statement said.
Abraaj is attempting to raise $2 billion (€1.36 billion) for its infrastructure and growth capital fund by the end of the year. The fund, investing across the Middle East, North Africa and South Asia region, had a second close on $1.7 billion in October. It is already 40 percent invested, Abraaj said in a statement at the time.
The firm is considering increasing its capital under management to enable it to co-invest on large deals, Mustafa Abdel-Wadood, a managing director at Abraaj, told PEO last month.
The firm is also mulling an initial public offering, Abdel-Wadood said.