We are a blank check company newly formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to as our “initial business combination.
While we may pursue an acquisition or a business combination target in any business, industry, or geography, we intend to focus our search on a target (our “Target Business”) with business, or prospective operations within the technology space (“tech”) across the high growth markets of the Middle East, North Africa and Turkey region (collectively, “MENAT”, or our “Target Market”). The search for the Target Business will be tech-focused and sector-agnostic allowing us to fundamentally leverage new and growing trends within the tech sector and access companies that are targeting key areas for change within traditional business sectors.
SHUAA Partners Acquisition Corp I
Delivering growth for Middle East & North Africa technology enabled ventures
Chief Executive Officer and Board Member
Fawad Tariq Khan
Chief Executive Officer and Board Member, has been a member of the SHUAA Capital team since 2014, serving as the Chief Executive Officer and Head of its Investment Banking.
He also serves on the board of directors of Northacre, a London-based luxury homebuilder, and NCM Investment Company, a global tech-enabled foreign exchange and commodities platform. Mr. Khan is also a board member at Anghami, a leading MENA-based music streaming business, that recently went public through a SPAC transaction.
Mr. Khan started his career at Deloitte & Touche in September 2006 based out of London, before eventually joining the Dubai office where he helped set up its Middle East debt advisory practice.
He holds a Bachelor of Science in Computer Science from University College Cork and a Master of Science in Business Studies from UCD Smurfit Business School. Mr. Khan also served in the military police of the Irish Reserve Defense Forces.
Chief Financial Officer
Mohammad El Beitam
Chief Financial Officer, joined SHUAA Capital in July 2021 as a Director in the Investment Banking Group. In 2020, Mr. El Beitam co-founded Xate Energia, a Brazil-based renewable energy company focused on distributed generation and led the development and operations of solar projects.
He was previously at Macquarie Capital from July 2014 to December 2019 across both their Abu Dhabi and New York offices. Prior to joining Macquarie Capital, Mr. El Beitam started his career with Deloitte & Touche.
Mr. El Beitam holds a Bachelor in Business Administration from the American University of Beirut.
Dr. Saleh Al Hashemi
Saleh Al Hashemi, Ph.D., brings over 20 years of experience working in senior leadership positions across businesses, government, and academia.
Dr. Al Hashemi currently serves as the director of commercial and In-Country Value (ICV) program at Abu Dhabi National Oil Company, since June 2021.
Dr. Al Hashemi became the Chairman of Dubai Islamic Insurance & Reinsurance Co. PJSC in March 2021 and has served as the Chairman of Reem Finance PJSC, an Abu Dhabi-based provider of innovative financing products for the MENA region, since December 2016.
He was formerly the CEO of Algorythma, a world-class sustainable technology company, from July 2017 until June 2021. He has also held the roles of Managing Director of Krypto Labs, a global innovation hub, as well as Managing Director of Saal, an innovative applied artificial intelligence company, from May 2017 until May 2021.
Dr. Al Hashemi was also a member of the board of directors of Silicon Valley-based 500 Startups, the most active global venture capital firm, from March 2018 until December 2020.
He served from May 2011 until September 2016 as the Executive Director of Infrastructure and Environment at the General Secretariat of Abu Dhabi’s Executive Council.
During his tenure at the Executive Council, Dr. Al Hashemi was instrumental in advising the government in restructuring key infrastructure projects and state-owned commercial enterprises to improve the use of sponsor capital and financing to better align these initiatives to the long-term interests of the Emirate of Abu Dhabi.
Dr. Al Hashemi holds a Doctor of Philosophy in Chemical Engineering from Tufts University. He is a patented inventor and a published author in several peer-reviewed academic journals, including Science Magazine.
Ali Ojjeh brings an in-depth understanding of financial markets with specific expertise in the energy and technology sectors.
Mr. Ojjeh has served as the Chief Executive Officer and Managing Partner of The Capital Partnership (“TCP”), an asset management and investment platform with $7 billion in assets under management. He has also served as the Executive Chairman of Northgate Capital, a venture capital and private equity firm with $5 billion in assets under management.
Prior to co-founding TCP in 1998, Mr. Ojjeh worked in various departments at Goldman Sachs & Co. in New York, including Equity Research, Equity Trading, Equity Proprietary Trading and Principal Investments.
In 1996, he relocated to Morgan Stanley in London, where he managed client portfolios at Morgan Stanley Asset Management.
Mr. Ojjeh holds a Bachelor of Science in Financial Economics from Carnegie-Mellon University and a Master of Business Administration from Stanford Business School.
Dhaen Al Hameli
Dhaen Al Hameli has served as the Executive Director of the Core Portfolio Department (“CPD”) at the Abu Dhabi Investment Authority (“ADIA”), one of the world’s largest sovereign wealth funds, since January 2017.
He is responsible for the overall management of the CPD and is particularly involved in the areas of investment strategy, performance, risk, and organizational development.
Mr. Al Hameli joined ADIA in April 2006 as a Credit Analyst in the Fixed Income & Treasury Department. In 2009, he moved to the External Fixed Income team.
In March 2011, Mr. Al Hameli was promoted to Deputy Director of ADIA, a position he held until becoming Executive Director in 2017, and began managing ADIA’s liquidity needs and cash investments in the short-term money markets, as well as overseeing a global portfolio of investment across abroad range of fixed income securities.
He also has extensive experience serving on the boards of directors of notable institutions, including in his current position on the board of Abu Dhabi Global Markets (“ADGM”), which he began in November 2021.
He completed the Executive Education, General Management Program at the Harvard Business School in 2014 and graduated from Concordia University from a Bachelor of Science in Finance from Concordia University in Montreal in May 2006. Mr. Al Hameli is a CFA Charterholder.
Mr. Siddiqui is a tech investor with 20+ years of management, investment and board experience. He has served since August 2019 as a general partner at Sukna Ventures, a Riyadh-based early-stage venture capital firm investing in digital transformation businesses.
Mr. Siddiqui is also currently working with several venture capital and private equity funds and startups, typically on the advisory board and/or investment committee as a coach or mentor.
He was part of the global leadership team as a partner and member of the investment committee at 500 Startups (now 500 Global) from November 2016 to March 2019, dividing time between San Francisco and the Middle East, where he raised significant capital and was a partner on flagship funds.
Prior to 500 Startups, Mr. Siddiqui was Group Vice President and Global Head of M&A and Corporate Venture Capital from April 2006 to September 2014 at Etisalat Group, an Emirati-based multinational telecommunications services provider.
He was a founding board member and chairman of the investment committee from February 2013 to May 2017 at iMENA Group, an Emirati-based start-ups investment company.
Mr. Siddiqui holds a Masters in Science in software development and a Bachelors of Arts in business administration from Coventry University, UK, and he has attended several executive education programs at INSEAD, Massachusetts Institute of Technology, Harvard Business School, including the Stanford VC Unlocked Program and the Stanford Idea-to-Market Program.