Abraaj Capital, a private equity investment firm in the Middle East, North Africa and South Asia (MENASA) region, has announced the appointment of two senior managers- Narayanan Rajagopalan and Ahmed Badreldin.
Narayanan Rajagopalan who has served at Abraaj since 2005, has been promoted to executive director. In this position, his responsibilities include the execution of Abraaj Capital partner companies’ value-creation plans, with a primary focus on financial management and control.
Ahmed Badreldin, who previously served at Barclays Capital as Senior Director in Leveraged Finance, has also been named executive director at the firm, joining the investment team with deal execution responsibilities.
“Despite challenging conditions globally, Abraaj Capital is extremely well positioned to capitalise on significant investment opportunities, which we believe currently exist across the MENASA region,” said Arif Naqvi, Founder and CEO, Abraaj Capital. Naqvi added that the firm’s investment strategy remains intact.
“These senior management appointments reflect the firm’s confidence in our 2009 growth strategy, which remains on track and which will lead to the identification of additional leadership resources and further senior appointments in the course of this year.”
Prior to joining Abraaj Capital, Rajagopalan served as director – financial planning and analysis with Dubai Properties. Badreldin has been part of a number of major financing and co-equity investment transactions with leading global private equity firms, including Carlyle Group, KKR, and Riverstone.