News & Analysis

Exclusive: NBK Capital Partners CEO departs

The firm’s chief executive, who only took on the role in January, has left the Gulf-based firm and is considering a number of other options for his next role.

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The chief executive officer (CEO) of alternative investment firm NBK Capital Partners, Amjad Ahmad (pictured), has left the Middle East and North Africa (MENA)-focused group, PDI can reveal. 

In January, NBK Capital spun out its alternative investments group to form NBK Capital Partners, which is headquartered in Dubai. Ahmad, who had until then been senior managing director and head of alternative investments at NBK Capital, was appointed chief executive of the new entity.

Ahmad told PDI that he is weighing a number of options for his next role but has not made a final decision. He joined NBK Capital in June 2005, according to LinkedIn.

A spokesperson for NBK Capital Partners declined to comment on whether the firm has found a new CEO.

NBK Capital Partners makes private equity and mezzanine investments in the Gulf as well as Turkey and Egypt. The firm has fully invested its $160 million first mezzanine fund and is in early-stage discussions with investors about raising a successor fund, as reported by PDI earlier this month.

NBK Capital is a wholly-owned subsidiary of National Bank of Kuwait.