Waha Capital has appointed Rashid Siddiqi as a Managing Director in its private debt business. He joins the Abu Dhabi-based investment company after a nine-year career at NBK Capital Partners where he headed up the firm’s private equity and mezzanine investment business across the Middle East, North Africa and Turkey.
Waha Capital launched its private debt business a year ago under the leadership of Mirza Beg to provide middle-market companies in the Middle East, Africa and Turkey with customized debt financing and direct lending products. Typically the financing supports these firm’s growth and expansion capital requirements, provides funds for share buybacks and dividend payments, balance sheet recapitalizations and refinances existing debt.
Beg and Siddiqi will act as Co-Heads of the firm’s private debt activities. Waha Capital’s strategy is to deploy capital in sectors with strong fundamentals that are a priority for the governments of Middle Eastern and North African countries.