Organizational Chart

Saleh Salem Bin Mahfouz

Chairman

SEDCO Holding’s Chairman, Saleh Salem Bin Mahfouz, also chairs Nahdi Medical Company, and Red Sea Markets. He also sits on the board of several Saudi companies in different sectors. Mr. Bin Mahfouz holds a Bachelor’s degree in Civil Engineering from King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia.

Abdelelah Salem Bin Mahfouz

Vice Chairman

Abdelelah Salem Bin Mahfouz is a the vice chairman for SEDCO Holding and SEDCO Capital. Mr. Abdelelah began his career in 1975 with NCB, and from 1980 to 1990 was Deputy General Manager and Regional Manager for Riyadh. He joined SEDCO as Managing Director of SEDCO Financial Investments Group between 1997 and 2006, and chaired SEDCO Capital from its formation in 2010 until 2017. Mr. Abdelelah holds a Bachelor’s degree in Business Management from Ohio State University.

Ahmed Salem Bin Mahfouz

Board Director

Ahmed Salem Bin Mahfouz is a Board member at SEDCO Holding. He began his career with SEDCO Holding in 1982 and served as Managing Director of the Direct Investments Group between 1997 and 2004. Mr. Ahmed holds a degree in Industrial Engineering from King Abdulaziz University in Jeddah and is also a graduate of the Owner/President Management Program at Harvard Business School.

Yaser Bin Mahfouz

Board Director

Yaser Bin Mahfouz is a Board member at SEDCO Holding since 2018. He is also a board member of both Arabian Tarfeeh Co., Ltd. and Methak Holding company, as well as being a member of the investment committee in SEDCO Holding. Mr. Yaser has over 15 years of global investment experience, acquired at many international investment companies. Mr. Yaser holds Master degrees in Financial Markets and Derivatives from London Metropolitan University as well as in Property Valuation and Law from Cass Business School, City University, London. After graduating from Clark University in Business Management in 2000.

Simon Palethorpe

Board Director

Simon Palethorpe has been a non-executive Director of SEDCO Holding since 2018. He has more than 30 years’ experience in general management, private equity, management consulting, supply chain, marketing and sales across a variety of sectors. Mr. Palethorpe is currently President of Carnival UK, the operator of Cunard Line and P&O Cruises. Mr. Palethorpe worked at a number of other international companies, including PepsiCo, Terra Firma Capital Partners, John Lewis and Avis Europe. Mr. Palethorpe holds an MA and BA in Engineering, Economics and Management from Pembroke College, Oxford University, UK.

Abdulraouf M. A. Mannaa

Board Director

Abdulraouf Mannaa has been a non-executive Director of SEDCO since 2015. He has more than 25 years business experience in the Middle East, and has helped establish several new ventures through mergers, acquisitions and partnerships. Dr. Mannaa held several senior positions at Savola – including Managing Director and CEO from 2010 to 2014. He currently advises and serves on the boards of a number of leading corporations. Dr. Mannaa holds a PhD in Mechanical Engineering from the University of Washington in Seattle, USA, a Master’s in Engineering from the University of California, USA, and a BSc from King Fahd University for Petroleum and Minerals in Saudi Arabia.

Dr. Zeyad bin Othman AlHekail

Board Director

Dr. Zeyad bin Othman Alhekail is a Non-Executive Director at SEDCO Holding. He is an expert in strategic planning, investments, project restructuring and corporate governance. He currently sits on the Board of Directors for several companies, including Bank Albilad, Advanced Communications and Electronics systems Company, Knowledge connect Company, and others. Previously, Dr. Alhekail has served as the CEO of Awqaf Sulaiman Al-Rajhi Holding Company and the Advanced Educational Company. He has also worked as faculty member, dean of admission and deputy rector at King Saud University. He holds a PhD and Master’s degree in Electrical Engineering from Ohio State University, and a Bachelor’s degree in Electrical Engineering from King Saud University.

Mark Redman

Board Director

Mark Redman is a member of the SEDCO Holding board of directors and Executive Committee, bringing a 25 year track record in private equity and private markets to his role. Mr. Redman is currently Global Head of Private Equity at FTSE-100 company abrdn. Previously, he served for over a decade with OMERS, starting up its European private equity operations in London before becoming Global Head of Private Equity where he was responsible for an asset portfolio worth over USD 11.7 billion. Before that he served for 13 years with FTSE-100 company 3i, helping open their Amsterdam office and gaining extensive experience globally. Mark is a Chartered Accountant (ACA) having qualified with Grant Thornton in London. Mr. Redman holds an MA in Modern History from Oxford University. He is currently a Trustee of the City of London Sinfonia and was previously Chairman of the London Chamber Orchestra. He is also a member of the Investment Committee of St Anne's College, Oxford University.

Rayyan Nagadi

Chief Executive Officer

Rayyan Nagadi became CEO of SEDCO Holding Group in December 2021. He brings more than 22 years of experience in both the public and private sectors, leading mega projects in banking, public utilities, petrochemicals, infrastructure and building materials. Prior to joining SEDCO Holding, Rayyan was the CEO of the National Center for Privatization & PPP where he played a vital role in developing the privatization institutional framework, laws, and regularly coordinating with government and semi-government agencies to promote public-private partnerships (PPP). Moreover, Rayyan was advisor to H.E the Minister of Finance and serves on the boards and executive committees of several companies and the CMA advisory committee. Rayyan holds a Bachelor's degree in Applied Electrical Engineering from King Fahd University of Petroleum & Minerals (KFUPM), Dhahran, Saudi Arabia.

Tharwat Amer

Chief Financial Officer

Tharwat Amer joined SEDCO Holding in 2016. He has more than 22 years of experience in corporate finance, investment management, and financial management across multiple industries. Mr. Amer began his career by qualifying as a Certified Public Accountant in Chicago, USA, and then worked for PwC and IBM. Before joining SEDCO, he worked with several leading companies as CFO, Director, and Audit Committee member. These include Jadwa Investment, where he was CFO for eight years and a founding member of the executive team, overseeing the firm’s growth from a small startup to a regional leader in private equity and asset management. Mr. Amer holds an MBA from Strayer University in the USA, with post-graduate studies involving e-commerce, strategy and leadership courses from world-class institutions. He has completed an executive Leadership Program at Stanford University, USA. He is also a Chartered Financial Analyst (2004), and a Certified Public Accountant (1996).

Mohammed Mosly

Chief Operating Officer

Mohammed Mosly became SEDCO Holding’s first Chief Operating Officer in 2022, filling a newly-defined post. He brings more than two decades of public and private sector experience to his role. His leadership and executive experience covers multiple sectors including corporate banking, investment banking, retail, consulting and public sector in senior roles including CEO, founding partner, and Chief Transformation Officer. He holds a Bachelor’s Degree in Supply Chain Management and Marketing Strategy from Northeastern University, and an Executive Management Development postgraduate certification from Michigan University’s Executive Education program.

Zuhair F. Hamzah

Chief Real Estate Officer

Eng. Zuhair Hamzah joined SEDCO Holding in 2016 and has more than 30 years’ experience in the planning and development of urban, service and residential, industrial, and real estate projects. Eng. Hamzah previously worked with Saudi Arabian Parsons, the Royal Commission for Jubail and Yanbu, Dalla Al-Baraka, and Tamlik Company. He has held many leadership, technical and executive responsibilities in small, medium and large projects within Saudi Arabia and abroad. He also worked in public-private partnerships, such as the redevelopment of slums in Jeddah and the partnership of the private sector with the Saudi Ministry of Housing. Eng. Hamzah holds a Bachelor’s degree in Urban Planning and Architecture from the University of Louisiana, USA, and an MPA in Urban Design from Harvard University, USA.

Ossama A. Banaja

Chief Direct Investments Officer

Ossama Banaja joined SEDCO Holding in 2021 as Chief Direct Investments Officer. He has 16 years of experience in private equity and investment banking, during which time he has managed a variety of principal investments and served in several strategic roles. Most recently, Ossama was the Director of Local Holdings Investments at the Public Investment Fund (PIF), where he was responsible for developing greenfield investment strategies in new sectors within KSA. Prior to joining PIF, Ossama was Vice President of Private Equity at Jadwa Investment, where he led multiple transactions and post-acquisition value creation programs for private equity funds. Prior to that, he worked at Partners Group as AVP of Private Equity, where he led the due diligence for multiple co-investment deals. Ossama is currently serving on multiple boards and executive committees, including Saudi Entertainment Ventures (SEVEN), National Unified Procurement Company (NUPCO), Pharmaceuticals Investment Company, Uptown Jeddah Company, Red Sea Cruise Company, and Noon (e-commerce). Ossama holds an MBA from New York University.

Alauddin Bakri

Vice President, Human Resources

Alauddin Bakri is the VP of Human Resources at SEDCO Holding. He has over 14 years of experience across different HR functions including Compensation & Benefits, Recruitment, and Organization Development. He has also designed and deployed Total Rewards strategies in SEDCO Holding and several subsidiaries. He served as the HR Business Partner to SEDCO Capital for 8 years, and is currently a member of the Compensation and Nomination Committee (CNC) of Methak Holding. He has been serving as an observer in SEDCO Holding & SEDCO Capital CNC since 2017. Alauddin holds a Bachelor’s degree in MIS from Concordia University, and is a Certified Compensation Professional (CCP) and Global Remuneration Professional (GRP) from WorldatWork.

Adnan Karshe

Head of Internal Audit

Adnan Karshe is Head of the Internal Audit department at SEDCO Holding. He brings over thirteen years of experience to his role, across a career where he has worked with government, healthcare, commercial, manufacturing, aviation and real estate organizations. Mr. Karshe’s expertise includes internal audit transformations and infrastructure, risk assessment, compliance, and corporate governance. He is SME in Operational Audit and serves on the Audit Committees for group operating companies. He is a Certified Internal Control Auditor and holds a Bachelor of Computer Application from Bangalore University, India.

Charles Auniac

Acting Head, International Financial Investments

Charles joined SEDCO Holding in 2017 as Director in charge of the international real estate portfolio. Prior to joining SEDCO Holding, Charles spent 7 years at Doha-based investment firm QInvest LCC, where he concentrated on International Real Estate (IRE) acquisition in both a principal and advisory capacity. Prior to joining QInvest, Charles focused on real estate structured finance in Dubai for ENSEC, a Dubai World entity. Before that, he was operating in London — firstly at RBS global banking and market division, and then at Bank of America-Merrill Lynch where his focus was on commercial real estate and infrastructure financing through capital markets and syndication. Charles has successfully conducted IRE transactions with a combined value exceeding USD 2.5 billion during his 18-year career. He holds an MSc in Accounting and Finance from the London School of Economics and an MSc in Management from Edhec Grande Ecole.

Compensation and Nomination Committee (CNC)

Responsible for compensation, oversight of human development, screening and nomination of directors of SEDCO Holding and its subsidiaries.

Chairman:

Mr. Simon Palethorpe

Members:

Dr. Abdulraouf Mannaa
Mr. Amr Al Taher

Executive Committee (EC)

Responsible for investment policy and processes, performance of asset managers, new investments and exits, and valuation and asset allocation.

Chairman:

Mr. Yaser Bin Mahfouz

Members:

Mr. Rayan Nagadi
Dr. Zeyad AlHekail
Mr. Mark Redman

Audit and Risk Committee (ARC)

Assists the Board in fulfilling its oversight responsibilities in the areas of: financial reporting integrity; effectiveness of internal controls for financial reporting; surveillance of administration and financial practices; SEDCO Group’s compliance with group policies and procedures; legal and regulatory requirements; ensuring independence and monitoring performance of external auditors, internal audit function; and risk management.

Chairman:

Dr. Abdulraouf Mannaa

Members:

Mr.Mark Redman
Mr. Saleh AlKhalaf

Annual Review 2021

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Annual Review 2021

Businesses

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