About BlackRock Saudi Arabia

Capital at risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Who we are

BlackRock is a global investment manager and technology provider who helps investors of all types achieve their financial goals. We established our local office in 2019 and are committed to helping more and more people plan for their financial future. No matter what your goals may be, at BlackRock, we are invested in you.

Our purpose is to help more and more people experience financial well-being. In pursuit of this, a focus on long-term sustainability is embedded across our business. From integrating environmental, social and governance (ESG) practices into our investment processes to creating positive social impact by serving communities in the Kingdom of Saudi Arabia, we are dedicated to helping clients, employees, shareholders and communities achieve long-term, financial well-being.

Company overview and shareholders

BlackRock Saudi Arabia Company was established as a single shareholder closed joint stock company, Commercial Registration No. 1010479419, on 19 November 2018. The Company was authorised by the Capital Market Authority ("CMA"), license no. 18-192-30, in 2 July 2018 to engage in Arranging and Advising in Securities Business and commenced its business on 28 October 2019. The Company advises and introduces BlackRock’s products and services to sophisticated investors.

The Company is a wholly owned subsidiary of BlackRock Group Limited (“BGL”) and currently has paid up share capital of SAR 12,200,000

Complaints

At BlackRock Saudi Arabia, we take all complaints seriously. If you wish to complain please contact the team by email complaints-ksa@blackrock.com
by post, with attention to the Compliance Department.

Audited Financial Statements

Audited Financial Statements 2019

Contact us

Address:
29th floor, Olaya Towers – Tower B,
3074 Prince Mohammed bin Abdulaziz St, Olaya District, Riyadh 12213 – 8022,
Kingdom of Saudi Arabia.
Telephone: +966 11 838 3600..

Meet the team

Executive managemnt

Board of directors

  • James Charrington, Chairman

    James Charrington
    James Charrington is a Senior Advisor at BlackRock and the Non-Executive Chairman of BlackRock Group Limited, the primary operating entity of BlackRock EMEA.

    Prior to his current role Mr Charrington held a number of senior executive positions within the firm serving as Head of BlackRock EMEA and as a member of BlackRock’s Global Executive Committee and Global Operating Committee.

    Mr Charrington’s service with the firm dates back to 1993 and includes his time with Mercury Asset Management ( MAM ) and Merrill Lynch Investment Managers ( MLIM ) which merged with BlackRock in 2006. At MLIM, Mr Charrington was most recently Head of the Retail platform for Europe, Middle East and Africa, Asia and Latin America region.

  • Ahmed Talhaoui, CFA, Managing Director

    Ahmed Talhaoui
    Ahmed Talhaoui is the Head of the Middle East & Africa Business and Head of EMEA Product Strategy for BlackRock's Global Fixed Income Group.

    Prior to joining Blackrock in 2014, Mr. Talhaoui was Head of Investments at the Pension Fund of the United Arab Emirates, in Abu Dhabi. In this role, he had responsibility for the investment of the Fund's assets, including the assessment and selection of external managers of traditional and hedge fund assets, and day-to-day responsibility for managing the Fund's proprietary fixed income and liquidity portfolios.

    He was previously Head of Portfolio Solutions with Barclays Global Investors (BGI), which merged with Blackrock in 2009.In that role, Mr. Talhaoui was responsible for the management and oversight of all EMEA Index, iShares and model based active fixed income funds.
    Prior to joining BGI, Mr Talhaoui started as a front office developer at  JP Morgan in 1997, and was Head of Fixed Income Quantitative Portfolio Management at Credit Suisse Asset Management from 1999 to 2005.

    Mr. Talhaoui earned a Master in Engineering in Applied Mathematics from Ecole Nationale d'informatique et mathematiques (ENSIMAG), France in 1997

  • Mireille Abujawdeh, Managing Director

    Mireille
    Mireille is the Head of Private Equity distribution for EMEA and for Alternatives products in the Middle East within the BlackRock Alternatives Specialist group.

    Prior to joining BlackRock in 2015, Ms Abujawdeh was a member of KKR's Client and Partner Group.  She led the capital raising effort for KKR across the Middle East for all products including private equity, real estate, infrastructure and private credit. Before joining KKR, Ms Abujawdeh was with Goldman Sachs Group for over 12 years. She spent 8 years in the Investment Banking division focused on providing financing to corporates and 4 years in GSAM covering Middle East institutional investors across all products.

    Ms Abujawdeh earned an MBA from London Business School, a BA (hons) in Law & Social Sciences from University of Sussex and has passed the Law Society's Final Examination.

  • Louise Cotter, Director

    Louise Cotter
    Louise is COO and Business Manager for MEA business. In this role Louise works with the MEA country manager and regional management team focusing on financial, strategy and project management alongside management insight and key initiatives oversight.

    Ms. Cotter's service with the firm dates back to 2007. Prior to moving to her current role in 2015, Ms. Cotter was a member of Corporate Strategy team, where she supported business leaders in developing strategic priorities and led cross functional initiatives. From 2007 to 2008, she was part of the EMEA retail competitor intelligence team, responsible for external competitor research. Prior to joining BlackRock, Ms. Cotter worked for Threadneedle Asset Management, Gartmore and State Street Investment in various market intelligence and insight roles.

  • Yazeed Almubarak, CEO and Director

    Yazeed Almubarak
    Yazeed Almubarak is the CEO and Director of BlackRock Saudi Arabia. In this role, Yazeed will oversee the firm’s strategic growth initiatives in the market including developing partnerships, building out our local client service and investment capabilities. He joined the firm in May 2019.

    Prior to joining BlackRock, Mr. Almubarak was a Vice President at Jadwa Investment, a Riyadh-based asset manager, as part of the private equity team where he executed deals in the region. At Jadwa Investment, he was involved in acquisition execution, post-acquisition initiatives including strategic planning, enhancing corporate governance and IPO preparation as well as on executing exit transactions for portfolio companies. Mr. Almubarak served as a member of the board of directors and executive committees of portfolio companies at Jadwa Investment. Prior to Jadwa Investment, Mr. Almubarak worked at Morgan Stanley in London and Dubai as part of the investment banking division focused on mergers & acquisitions execution within the financial institutions and petrochemical sectors.

    Yazeed earned a B.S. in industrial and systems engineering with an honor distinction from King Fahad University for Petroleum and Minerals and a MBA from Stanford University.

Company executives

  • Yazeed Almubarak, CEO and Director

    Yazeed
    Yazeed Almubarak is the CEO and Director of BlackRock Saudi Arabia. In this role, Yazeed will oversee the firm’s strategic growth initiatives in the market including developing partnerships, building out our local client service and investment capabilities. He joined the firm in May 2019.

    Prior to joining BlackRock, Mr. Almubarak was a Vice President at Jadwa Investment, a Riyadh-based asset manager, as part of the private equity team where he executed deals in the region. At Jadwa Investment, he was involved in acquisition execution, post-acquisition initiatives including strategic planning, enhancing corporate governance and IPO preparation as well as on executing exit transactions for portfolio companies. Mr. Almubarak served as a member of the board of directors and executive committees of portfolio companies at Jadwa Investment. Prior to Jadwa Investment, Mr. Almubarak worked at Morgan Stanley in London and Dubai as part of the investment banking division focused on mergers & acquisitions execution within the financial institutions and petrochemical sectors.

    Yazeed earned a B.S. in industrial and systems engineering with an honor distinction from King Fahad University for Petroleum and Minerals and a MBA from Stanford University.

  • Ali Al Hasan, CCO and MLRO

    Al Hasan
    Ali joined BlackRock Saudi Arabia as Chief Compliance Officer and MLRO. Prior to joining BlackRock, he was the Head of Compliance and MLRO at Nomura in Riyadh for more than 4 years and responsible for implementing and updating the compliance program. Prior to this role, he worked as the Head of Compliance and AML in Saudi Venture Capital Company (SVC). He joined SVC from Bait Al Mal Al Khaleeji where he held the position of Compliance and AML Manager. He started his career with Saudi Fransi Capital in the brokerage department where he was an active member in a number of projects in addition to his role as a senior broker. Ali has over 16 years of experience in the capital markets, 10 of which were in Compliance, AML, Corporate Governance, and Operational Risk.

    Ali holds a Bachelor’s in Computer Science from the King Fahd University of Petroleum and Minerals (KFUPM) and the International Diploma in Compliance from the International Compliance Association (in conjunction with the University of Manchester) as well as a number of compliance and AML qualifications from the Capital Markets Authority in Saudi Arabia.

  • Yasir Al Ani, Vice President, Arranging

    Yasir

    Yasir joined BlackRock Saudi Arabia as part of the Arranging Team in October 2019.

    He is responsible for managing the firm's existing relationships with Institutional clients in the Kingdom as well as developing new business. Prior to his new role, he was relationship manager supporting Aladdin Implementations which was responsible for delivering risk data and index solutions to clients of BlackRock’s enterprise system, Aladdin.

    Mr. Alani service with BlackRock dates back to 2010. He moved from London to Riyadh in 2019 to provide on the ground client support and work more closely with his key stakeholders. Prior to joining BlackRock, Mr. Alani worked at JPMorgan Asset Management as client service specialist servicing the firm's institutional clients.

    Mr. Alani earned a B.S. degree in Finance from Drexel University in Philadelphia and Business Management Diploma from London School of Economics, London.

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