Awad Capital, the independent, Dubai-based, DFSA regulated financial services firm, has announced the successful closure of its recent capital raising, totaling $2.1 million. The capital will be used to fuel the growth of the company.

Ziad Awad, founder and CEO of Awad Capital, commented: “We are pleased to announce the successful conclusion of our capital raising, and along with it the expansion of our board. This achievement is testament to the confidence that we have built among our stakeholders, and further communicates our commitment to the highest levels of corporate governance. We see significant growth and diversification opportunities ahead and feel 2019 and 2020 will be particularly excellent vintage years for investing in the region.”

The new shareholders represent a cross-section of reputable financiers and entrepreneurs from across the Middle East and Europe. Following the capital increase, the firm’s board of directors now stands as follows:

• Dr. Nasser Saidi, Chairman of the Board. Previously Minister of Economy and Industry in Lebanon and Vice Governor of the Central Bank of Lebanon
• Omar Al Madhi, Senior Managing Director and Board Member of Abdul Latif Jameel Investments
• Faris Al Mazrui, Head of Moscow Office, Mubadala Capital
• Ziad Awad, Founder & CEO, Awad Capital
• George Mushahwar, previously Secretary General of the DIFC
• Dr. Marc Nassim, Partner and Managing Director, Awad Capital
• Christopher Ward, previously Chairman of Deloitte Corporate Finance Limited