Who We Are
SEDCO Capital is a global asset management firm that offers attractive investment opportunities across global markets through carefully engineered public and private funds and special instruments. Established in 1976, SEDCO Capital has crafted a three-decade long track record of robust performance combined with prudent investment strategies.
We have pioneered a world-class Prudent Ethical Approach (PEI) that combines the best of Shariah-compliance with ethical investing to create exceptional performance while minimizing downside risks.
SECO Capital offers advisory, discretionary management and asset allocation services that deliver access to high-performing public and private equities, commodities, income funds, and real estate assets. Our clients benefit from world-class investment instruments, including those offered through our international Luxembourg platform.
Board Members
Ahmed Suleiman Banaja
Mr Banaja joined the Board in 2008 and was CEO of SEDCO from 2008 to 2010. He is currently the Chairman of SEDCO Capital and was the firm’s first CEO, overseeing its formation in 2010. He began his career with Citibank in 1971 and then held senior positions at the National Commercial Bank for 12 years.
He is currently a Director of Al Faisaliah Group and SEDCO Holding. He was a Director of Jeddah Urban Development and Regeneration Company, and was previously on the Economic Advisory Team to the Supreme Economic Council.
Mr Banaja has a BSc in Mathematics and Economics from the University of Kent.
Abdullah Mubarak Baarmah
Mr Baarmah started his career in banking as a futures trader with the National Commercial Bank’s Treasury division in 1994, going on to hold various positions in the division.
He was Head of the Global Fixed Income Department at NCB Capital before his appointment to the SEDCO Capital Board in 2010.
Mr Baarmah has a BSc in Business Administration from the University of Portland.
Abdulrazzak Mohammed Elkhraijy
Mr Elkhraijy is a Saudi banker with more than 30 years’ experience, having held various senior positions with the NCB Group where he was latterly head of the Islamic banking development group.
He is a member of the Board of Trustees of the Accounting and Auditing Organization for Islamic Financial Institutions, and a Board Member of the General Council for Islamic Banks and Financial Institutions.
Mr Elkhraijy holds a BA in Economics and Business from Macalester College, St Paul, Minnesota.
Hasan AlJabri
Hasan AlJabri is the CEO of SEDCO Holding Group. Prior to that he was the CEO of SEDCO Capital since 2010. Hasan has over 33 years of banking experience in the GCC region, managing senior positions in leading banks including The National Commercial Bank & Samba Financial Group. Mr. Al Jabri was also NCBC board member, Managing Director, and head of Investment Banking, he also served as Chairman of the Funds Board covering all of NCB Capital’s 27 mutual funds business until leaving NCBC in 2010. Upon joining SEDCO Capital Hasan was also appointed as Chairman of SEDCO Capital Investment Committee, Chairman of SEDCO Capital Global Funds and Chairman of SEDCO Capital Luxembourg Boards. Mr. Al Jabri was the Chairman for the World Presidents Organization’s Chapter in the Kingdom of Saudi Arabia. He is also currently serving as a member of boards and executive committees of several companies in the Kingdom of Saudi Arabia. Mr. AlJabri has a B.Sc. in Engineering from the American University of Beirut and is a graduate of the Executive Management Program at Columbia University.
Abdullah Bin Ibrahim Al Howaish
Abdullah bin Ibrahim Al-Howaish is currently the chairman of Amlak International Real Estate Finance Company and Standard and Chartered Capital Saudi Arabia. This is in addition to being a vice chairman and a member of the board of directors of several companies, such as Halwani Brothers Company, Al-Essa Industries and Home Appliances and Al-Ittefaq for Steel Industries Company. Al-Howaish also currently holds the chairmanship and membership of multiple committees, including the executive and internal audit in many companies and in various vital sectors in the Kingdom. Mr. Abdullah has 30 years of experience in banking, private and government companies, where he held senior executive positions in many different banking and financial institutions such as the National Commercial Bank, the Saudi British Bank and the Arab National Bank. Mr. Al-Howaish holds a Bachelor degree in Economics from King Abdulaziz University, Jeddah, Saudi Arabia.
Hashim Almihdar
Hashim Almihdar is an expert in family wealth management through his work in several family offices and international companies across different sectors and industries.
Mr. Hisham holds a Master, Diploma of Management, Design and Manufacturing and Diploma of Financial Management for Non-Financial Managers (ACCA) from Cambridge, UK. He holds a Bachelor in Manufacturing Systems Engineering with Management, King's College, London, UK.
CEO’s Message
SEDCO Capital has established itself as a partner of choice for sophisticated investors seeking diverse Shariah-compliant investment opportunities in Saudi Arabia and around the world.
We are proud to have aligned our interests with those of our clients by generating market-beating performance through careful and prudent asset allocation, and by innovating investment instruments that offer exposure to a promising set of diverse asset classes worldwide.
Our asset managers and strategists successfully predicted key market movements in response to geopolitical changes, and safeguarded investor returns by adapting cyclical asset allocations. We also enhanced our reputation as an asset manager of choice globally from a Shariah and ethical investment perspectives.
Our innovative Prudent Ethical Investment (PEI) approach, which combines the best tenets of ethical investing with our Shariah-compliant focus, has gained international traction. We have seen that returns can be improved through ethical and Shariah investment strategies that avoid conventional highly exposed leveraged portfolios.
At the same time, our international presence continues to grow through our Luxembourg platform, which brings innovative offerings to global investors. The platform, which was launched in 2014 to give international investors access to SEDCO Capital’s investment instruments, now offers several liquid and illiquid strategies to clients.
Through our years in the market, we have focused on creating a premium and diversified portfolio of assets through well thought out asset allocation programmes. Our emphasis on bringing world-class expertise to asset allocation has helped us outperform the market even in times of volatility.
We serve our investors in both Advisory and Discretionary Portfolio Management capacities. Our DPM assets under management have grown year on year since 2014 as institutional investors and High Net Worth Individuals (HNWIs) look to private placements that safeguard their interests. Meanwhile, our Advisory capabilities are also attracting new clients, with the team helping investors construct their own portfolios from SEDCO Capital’s investment products, while supporting with insights and market intelligence.
In closing, I acknowledge the vital guidance provided by the Capital Market Authority in Saudi Arabia and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. They both have our full commitment in upholding and raising standards that seek to protect the interests of all stakeholders.
I also thank our shareholders for their support and commitment, and our Board of Directors for their wisdom and leadership. Finally, I would like to laud our employees for their commitment, expertise and dedication. It is their contribution that has made SEDCO Capital an international asset manager of repute.
Samer Abu Aker Chief Executive Officer
Executive Team
Samer Abu Aker
Samer Abu Aker is the CEO of SEDCO Capital. Since joining the Firm in 2011 he has also held the positions of COO and CFO. In his current capacity as CEO, Mr. Abu Aker reports to the Board of Directors, and provides the strategic vision, planning, and operational leadership to guide the Firm along its sustainable growth trajectory. Mr. Abu Aker also Chairs SEDCO Capital’s investment and management committees as well as the Board of Directors of SEDCO Capital Global Funds in Luxembourg, which collectively set the tone for the Firm’s investment, governance, and compliance decisions.
Mr. Abu Aker has over 20 years of executive experience in the investment industry, both regionally and globally, and has built a reputation for delivering financial results and effectively managing risks. During his career he has participated in institutional investment decision-making, lead the restructuring of legacy investments, arranged financing, and established global investment structures. He has first-hand experience in adhering to global business protocols, applying world-class industry practice, and cultivating cross-cultural work environments.
Before joining SEDCO Capital, Mr. Abu Aker was COO at Al Brooge Securities in Abu Dhabi, Executive Director at Abu Dhabi Investment House, CFO at Litespeed Management in New York, and held senior management positions in the Bank of New York, Alternative Investment Services in Bermuda and the Royal Bank of Canada in Hamilton.
He is a Certified Public Accountant (CPA) and holds a Bachelor of Business Administration degree in Accounting from Canada’s Brock University. Mr. Abu Aker is a Canadian citizen.
Valerio Salvati
Valerio Salvati has recently joined SEDCO Capital as the new Chief Investment Officer & Head of Asset Management, Managing Director, based in Jeddah, KSA. Mr. Salvati has almost 30 years of experience in asset and wealth management at leading, global financial institutions across several locations. Having started in Fixed Income at ommerzbank in Germany, he joined Banco di Roma (UniCredit) as Fixed Income portfolio manager before moving to Equities. After leading the Portfolio Management department at BCC in Rome, Italy, he then joined JPMorgan Asset Management as Head of Portfolio Management, Italy in Milan and then again as Head of Multi-Strategy Solutions, Global Multi-Asset Group, based in London. After spending half of his career at JPMorgan, he then moved on to Deutsche Bank Wealth Management as Head of Discretionary Portfolio Management, UK. Valerio has been a member of the global and regional investment committees at both JPM and DB, as well as Chair of the UK Investment Committee at the German lender. He holds a Master in Business Administration for Banking and Insurance (Sinnea) and a Bachelor in Political and Economic Sciences (University of Rome). Valerio is also a member of the CFA UK Society.
Abdulwahhab Abed
Abdulwahhab Abed is Co-Head of Business Development of SEDCO Capital, Jeddah, Saudi Arabia. He has been working with the company for the last 10 years. Prior to becoming the Acting Head of Corporate Finance, Abed was the Vice President and Director of Private Equity, responsible for both investing in funds and in co investments across the globe. He was part of the team that manages about 100 private equity investments and has immense experience in private equity investments’ due diligence, monitoring and exiting co investments. He is also in the investment committee of SEDCO Capital Partners Group co investment fund. He graduated from McCallum Graduate School of Business, Bentley College (MBA – Finance).
Ayman AlBashir
Ayman Joined SEDCO in January 2008 through the management training program and developed experience in Asset Management, Manager Selection & monitoring and Asset Allocation. Prior to joining SEDCO, Ayman worked for STC as a planning engineer for 5 years and as a network engineer at Olayan. Currently, he is Co-Heading Business Development in addition to Heading Advisory 15+ years of diversified experience after heading the International Liquid Assets for 2 years.
Ayman graduated from King Abdulaziz University-Industrial Engineering College in 2000, and was awarded his Master of Industrial Engineering in 2007 with honors. He was a voting member and the secretary of SEDCO Capital’s Asset Management Committee, voting member of cyclical Asset Allocation Committee and represented SEDCO Capital in the Investment Managers Committee that is initiated and supervised by CMA. He was also a member of the Asset Allocation team of several products at SC and the Chief Coordinator of Shariah of Global Liquid Assets Program. Currently, he is a non-voting member at 3 investment committees and a member of the Product Development Committee and the Management Committee of SEDCO Capital. He is also a Chairman of the Industrial Advisory Board (IAB) for the Department.
Christian Guckel
Christian Guckel focuses on investment research, portfolio construction and portfolio analytics. He is a voting member of the SEDCO Capital Investment Committee, the Asset Management Committee and the Tactical Asset Allocation Committee. He joint SEDCO Capital in 2014.
Prior to SEDCO Capital, Christian was Investment Director for a Swiss asset management and advisory services company exclusively focused on alternative investments for five years, where he led the asset class hedge funds and managed a discretionary multi-strategy hedge fund portfolio.
Christian also served as Portfolio Manager at Man Investments’ multi-manager business. He started with the firm in a risk management role. Prior, he worked at HSBC Trinkaus & Burkhardt in the Structured Solutions Group on the issuance of mezzanine capital to German small- and mid-sized enterprises. He started his career in risk control/risk management at Stadtsparkasse Magdeburg. Christian holds a Master (equivalent) degree in finance from Otto-von-Guericke University Magdeburg, Germany, and an MBA from Colorado State University. He also holds the CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), CAIA (Chartered Alternative Investment Analyst) and ERP (Energy Risk Professional) certifications.
Samer Shaaban
Samer joined SEDCO Capital in 2005 and is currently the Head of Corporate Finance. Samer previously held the position of Head of International Real Estate were he led the acquisition and management of real estate transactions globally and across multiple strategies. Previously, Samer held several management positions in Unilever in the UAE, Saudi Arabia and the UK. Samer holds an MBA from Pepperdine University (USA), BSc Industrial Engineering from California State University (USA) and has completed the Accelerated Development Programme from London Business School (UK). Samer is a CFA charterholder and a Certified Management Accountant (USA).
Sultan Sukkar
Sultan Sukkar is the Head of Compliance & AML at SEDCO Capital. He joined SEDCO Capital in 2014. He has more than 15 years of experience in assurance, internal audit and compliance in PWC, Samba Financial Group and SEDCO Holding.
Mr. Sukkar holds a bachelor’s degree in Accounting from King Fahd University of Petroleum and Minerals, Dhahran, KSA and an MBA from the University of Scranton, Pennsylvania, USA.
awards
SEDCO Capital’s strong market performance and robust asset management capabilities have resulted in a number of industry recognitions, accolades and awards.
Entities
SEDCO Capital Global Funds
SCGF (SEDCO Capital Global Funds) is the biggest Shariah compliant SIF (Specialized Investment Fund) in Luxembourg. We offer a range of investment products under the main asset classes which appeal to the international and local investment community. We launched our first funds in May of 2012, under the supervision of SEDCO Capital and SEDCO Capital Luxembourg experts.
SCGF is the largest platform of its kind in the world. Each fund is available with sizeable assets, valued at more than $100M (US) on average.
SEDCO Capital Luxembourg
SEDCO Capital Luxembourg was established for the sole purpose of managing Luxembourg specialized investment funds* (SIFs), subject to the amended 13th February 2007 law on SIFs. Its activities are within the limitations of chapter 16 of the 2010 law and include asset management, promotion and the administration of SEDCO Capital Global Funds. A Wholly Owned subsidiary of SEDCO Capital Saudi Arabia.
SEDCO Capital Luxembourg SA is a Societe Anonyme and was registered in Luxembourg on 2nd May 2012.