New Delhi, July 28 -- Abu Dhabi Securities Exchange (ADX)-listed alternative investment company Investcorp Capital (ICAP) has appointed a former Aldar executive as chief executive officer (CEO).
The Bahrain-based Investcorp-owned asset manager, which invests across various alternative asset classes, including private equity, private credit, real estate, infrastructure, and strategic capital, has announced Sana Khater as its CEO.
Khater has over 35 years of experience in financial and strategic leadership roles, holding international C-Suite positions across both listed and private companies, including Aldar, Waha Capital, NBK Capital, and National Bank of Kuwait.
Prior to her stint at Abu Dhabi government-owned real estate firm Aldar as executive director, finance, Khater was group chief financial officer at Waha Capital.
She will take over as CEO with effect from September 1, 2025.
The firm aims to leverage Khater's ability to drive shareholder value and deliver operational excellence across both public and private institutions, and help capitalize on global investment opportunities.
"Her (Khater's) exceptional leadership experience and deep expertise in financial services positions her well to steer ICAP through its next chapter. Abu Dhabi continues to strengthen its position as a global hub for investment firms, and I am confident that Sana will harness this momentum as she leads the business with distinction and ambition. I look forward to working with Sana to drive shareholder value and grow the company," said Mohammed Alardhi, chairman of Investcorp Capital.
Khater succeeds Mohamed Aamer, who has served as interim CEO since March 2025. Aamer will continue to lead the company till Khater takes over officially.
Investcorp Capital was founded by the Investcorp Group, which manages $59.7 billion worth of assets, including those managed by third parties.
In April, ICAP announced the sale of its US industrial real estate portfolio for an aggregate sale price of $360 million, with a 1.4x multiple on invested capital (MOIC) and a 12% internal rate of return (IRR). The portfolio included six investments across six states and an area of 2.3 million sq ft.
For the fiscal year ended June 30, 2024, Investcorp Capital reported a 7% decline in its net profit to $105 million on lower interest income, even as its revenues from capital financing services grew 9% to $49 million.
Published by HT Digital Content Services with permission from VC Circle.