Ahli Capital Investment Company (ABK Capital), the investment arm of Al Ahli Bank of Kuwait Group, announced the appointment of Sherif El-Rafei as its new Chief Executive Officer, effective today, after receiving approval from the relevant regulatory authorities.

This strategic leadership appointment reflects the company’s commitment to strengthening its role in investment management and capital markets in Kuwait and the region.

El-Rafei brings over 20 years of experience in investment banking across the GCC, MENA region, and the United States. He has led transactions worth over $12 billion in capital markets, mergers & acquisitions, private placements, and structured finance.

He holds a bachelor’s degree in business administration, an MBA from the University of Texas, USA, and is a Chartered Financial Analyst (CFA) charter holder.

El-Rafei is also known for his strategic leadership and strong execution capabilities, having led over 14 investment transactions worth more than $2.5 billion in the past five years. These included capital increases for several companies, including local banks—and three initial public offerings (IPOs).

On this occasion, Dr. Abdulaziz Jawad, Chairman of ABK Capital, stated: “We welcome Mr. El-Rafei as CEO. His record in investment banking and deep regional expertise make him well-qualified to lead the company, strengthen client trust, and drive outstanding results.

He added: “We are confident that Mr. El-Rafei’s leadership will not only enhance our capabilities in capital markets and advisory services, but also drive innovation in our products, enabling us to serve a wider client base and reinforce ABK Capital’s leading role in Kuwait and the region. This will support sustainable growth and deliver added value for all stakeholders.”

ABK Capital will continue its focus on delivering innovative capital market solutions, enhancing its regional presence, and accelerating sustainable growth for its clients. It also aims to solidify its position as a leading capital markets platform in Kuwait and the region.

El-Rafei’s appointment follows several recent developments at ABK Capital, including the launch of its subsidiary in the Dubai International Financial Centre (DIFC), and the rollout of new investment solutions designed to meet the evolving needs of clients in Kuwait and across the region.

These offerings include:
•    An equipment leasing asset class portfolio
•    A global private credit portfolio
•    A diversified real estate ownership investment portfolio
•    And other innovative investment products
Dr. Jawad concluded: “Mr. El-Rafei will play a key role in leading the executive team and implementing the company’s strategies in the coming period—particularly in advancing digital transformation, embracing technological developments in the investment sector, and forging more strategic partnerships. His leadership will further support our commitment to offering the latest and best financial services, attracting new clients and investors to our diversified portfolios, and earning their trust and satisfaction across all levels.