Team

Our investment philosophy is a function of a seasoned team of professionals that have been working together successfully for almost 15 years. With every investment, each member knows their exact role and responsibility and works seamlessly with their team members to ensure that the agreed objectives are achieved. Our principles are those of an unwavering commitment to deliver excellence, integrity, accountability and collective decision making.

  • FAISAL BIN JUMA BELHOUL Chairman & Managing Partner
    Faisal is a founder of Ithmar Capital Partners and currently serves as its executive chairman. He is also a founder of Amanat Holdings PJSC which is one of the GCC’s largest integrated healthcare and education listed investment company where he served as its chairman and still serves on its board of directors. In addition, Faisal
  • KHALDOUN HAJ HASAN Managing Partner
    Khaldoun is a founder of Ithmar Capital Partners and currently serves as its executive vice chairman. He is also a founder of Amanat Holdings which is the GCC’s largest integrated healthcare and education listed investment company, where he served as its Chief Executive Officer. Khaldoun serves on the boards of a number of private companies
  • RANJIT BHONSLE Managing Partner
    Ranjit is a founder of Ithmar Capital Partners and currently serves as a director on its board. He is also a founder of Amanat Holdings which is the GCC’s largest integrated healthcare and education listed investment company and until recently served as its Chief Operating and Investment Officer. Previously, he was the Managing General Partner at
  • RAYAN SALAM Managing Partner - Public Equity
    Rayan is a founder of Ithmar Capital Partners. He currently serves as its chief executive where he oversees the day to day business of the firm and leads its Public Equity Special Situations investment strategy. Rayan was a member of the founding team involved in building Algebra Capital, a MENA asset management firm with peak
  • Karim Ziwar Partner Private Equity
    Karim leads Ithmar Capital Partner’s private equity and corporate partnerships business of which he is a founder. He is also a founder of Amanat Holdings which is the GCC’s largest integrated healthcare and education listed investment company and until recently served as its Head of Healthcare Investments and also led the Education Investments team. Previously,
  • Ahmed Hammad Group Legal Counsel
    Ahmed leads the legal function at Ithmar Capital Partners. He is also a founder of Ithmar Capital Partner’s private equity business. He previously served as the Group General Counsel of Amanat Holdings, which is the GCC’s largest integrated healthcare and education listed investment company. His role included leading the legal function with overall responsibility for
  • Rami Khalaf Chief Operating Officer
    Rami is responsible for the management of Ithmar Capital Partners’ overall back office activities including overseeing operations, IT, finance, compliance, AML, and HR. He is also managing the company’s overall risk framework and maintains the Internal Risk Assessment Process. Before joining the company, Rami was Head of Operations for Franklin Templeton Investments (ME) Limited in
  • Siddharth Nag Associate
    Siddharth is responsible for performing end to end research including due diligence, financial model building, valuation, data collection and preparation of investment memorandums on target companies. He also manages relationships with key stakeholders including senior management of companies under coverage, sell-side analysts and industry experts. Previously he was a part of Franklin Templeton’s MENA investment
  • Sanjeev Dave Finance Officer
    Sanjeev is responsible for the finance function of the firm, as well as the financial regulatory reporting to the DFSA. He has previously worked as the CFO of a UK based full scope FCA licensed firm. Sanjeev moved to KPMG Dubai in 2009 through a secondment from KPMG in London. At KPMG Dubai, he was
  • Theo Van Houten Compliance Officer
    Theo is responsible for the compliance function as well as being the firm’s Money Laundering Reporting Officer. Theo has over 10 years of experience in compliance and operational risk management and has worked for a wide range of European, UAE and DFSA regulated entities in the Asset Management, Commercial Banking, and Investment Banking sectors. Before
  • Nico Van Bockstal Company Secretary
    Nico Van Bockstal is acting as Ithmar Capital Partner’s company secretary. He is a shareholder and director of Total Solutions Middle East Limited, a DIFC based Governance, Risk and Compliance consultancy firm. Nico is registered with the DFSA as a Compliance Officer & MLRO for multiple Authorised Firms. He was previously employed by Societe Generale
  • Rod Perry
    Rod serves as an Independent Chairman of the Audit, Risk, Compliance and Operations Committee at Ithmar Capital Partners. He has over 30 years of experience in the fields of investments and strategic planning, and most recently served as a Senior Advisor to Amanat Holdings. He worked for 20 years at 3i, where Mr. Perry served
  • PAUL WALLER Independent Director
    Paul serves as an Independent Non-Executive Board Director at Ithmar Capital Partners. He is a Senior level international executive including 13 years as Executive Committee member and Managing Partner at 3i Group plc and 15 years as member of the Global Investment Committee, and most recently as a Senior Partner in Hamilton Lane. Paul holds