Makan Capital Group, a freshly launched real estate private equity group from Abu Dhabi, has hired Samer Wahbeh as the director of its Property Development Fund and acting chief financial officer.
Wahbeh was previously chief financial officer at SinoGulf Investments where he led the accounting, treasury, debt raising, MIS and DIFC financial reporting functions. Prior to this, he served as a senior manager at PriceWaterhouseCoopers, where he headed the financial due diligence team and executed financial transactions and valuations.
In a statement, the firm said Wahbeh has extensive knowledge of the airline, transportation, real estate and financial services sectors and has worked closely with investment banks and corporate investors while based in Abu Dhabi. Wahbeh also worked in auditing, business risk services and business advisory for KPMG and Arthur Andersen. He earned his BSC degree in accounting and business administration from the University of Jordan and is a certified public accountant as well as a certified management accountant.
Makan Capital Group is a Shariah compliant private equity firm which focuses on the commercial, residential, hospitality and tourism sectors. In addition to its office in Abu Dhabi it also has offices in Riyadh, Saudi Arabia and Newport Beach, California. It was launched last year and already has investments in Arcapita Group, Visionmaker Worldwide and Arady Properties.
Last month the firm appointed Bracken White, former managing director of capital markets at Molionaro Koger, as chief investment officer and director at the corporate headquarters located in Abu Dhabi.