Investcorp names Yasser Bajsair as its new Saudi CEO

Investcorp Saudi CEO Yasser Bajsair
Updated 11 March 2018
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Investcorp names Yasser Bajsair as its new Saudi CEO

Investcorp, a global provider and manager of alternative investment products, has announced the appointment of Yasser Bajsair as CEO of its subsidiary in Saudi Arabia, Investcorp Saudi Arabia Financial Investments Co., expanding his existing mandate that focused on the Western Province to cover the entire Saudi market.
Bajsair has been with Investcorp for over eight years, having joined the firm in 2010. In his role as managing director, he has materially contributed to the strong growth in Saudi Arabia and provided best-in-class solutions to clients. In his new role, he will be leading a team of Saudi relationship managers and investments professionals out of Investcorp’s Riyadh office.
Mohammed Alardhi, executive chairman of Investcorp, said: “Investcorp has been one of the most active investors in Saudi Arabia in the last 10 years. During this period, in his capacity as managing director, Yasser played an instrumental role leading the firm’s business in the Western Province. The experience he gained during his time with Investcorp, together with his deep understanding of the market as a Saudi national, makes him the perfect fit for this role. We have big ambitions in Saudi and we have aligned our business plans with the Saudi economic National Transformation Plan. We believe Yasser is well positioned to lead our team of professionals in the Kingdom.”
Bajsair said: “Saudi Arabia has always been an important market to Investcorp. The robust portfolio we have built in the Kingdom, together with the experienced team we have in place, gives us the edge we need to benefit from the attractive opportunities available in the market. In my new role, I am excited to build on the successful journey of Investcorp in Saudi and to continue its efforts to support the National Transformation Program there.”
Today Investcorp is one of the largest managers of private equity investments in Saudi Arabia with seven deals closed since 2009. Recent investments include: Al-Borg Medical Laboratories, Bindawood Holding, Leejam, Theeb, Al-Yusr Industrial Contracting Company (AYTB), L’azurde, and NDT Corrosion Control Services.


Regional authorities offer free training at HVACR Expo

Updated 21 January 2019
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Regional authorities offer free training at HVACR Expo

The region’s largest dedicated HVACR (heating, ventilation, air conditioning and refrigeration) business event will host specialists from Saudi Standards, Metrology and Quality Organization (SASO), GCC Standardization Organization (GSO) and Saudi Council of Engineers (SCE) among other credible entities.
Set to shed light on the latest efficiency guidelines in the HVACR industry, these authorities will feature a free and certified training agenda at the HVACR Expo Saudi from Jan. 28-30 at the Riyadh International Convention and Exhibition Center (RICEC).
Zayed Mohsen Albagami, deputy director of energy efficiency, SASO, said: “It is important for SASO and for the Kingdom as a whole to support and enhance Saudi Vision 2030 at this time.”
He added: “The role of SASO toward this goal is to help the manufacturer himself adopt a sustainable approach. We implement this through a variety of initiatives, whether it be the issuance of new standards on energy efficiency, raising awareness in the media or finally by holding workshops — as we will do at HVACR Expo Saudi 2019.”
In line with the 2030 initiative, the Saudi government has enacted SASO regulations 2663 and 2874, which improve the efficiency level of all air conditioning equipment. They have also introduced a district cooling framework for new developments exceeding 15,000 tons.
Basem Salameh, conformity specialist at GSO, said: “The GCC Standardization Organization (GSO) aims to harmonize standardization activities among the GCC member states to facilitate both international and intra-trade, and to remove technical barriers for economic operators.”
Along with presentations by SASO, GSO and SCE, the workshop agenda at HVACR Expo Saudi 2019 will include training sessions from industry leaders Carrier, Samsung Electronics, Midea RAC, Al-Salem Johnson Controls, and Shaker Group (LG) to name but a few.
Abdul Rouf Pandith, senior mechanical engineer at KEO International Consultants and speaker at the event, said: “By inviting and bringing together government stakeholders, policy and decision-makers, and leaders from the utility sector across the country, HVACR Expo Saudi can mark a new era in the cooling sector.”
Roni El-Haddad, event director of HVACR Expo 2019, said: “We are extremely honored to welcome SASO, GSO and SCE on board at HVACR Expo Saudi 2019. While the Kingdom is coming together to fulfill the objectives laid out by Saudi Vision 2030, the time is now to bring these authorities on-board and to work with them to ensure that HVACR professionals can achieve the highest standards within their field.”
HVACR Expo Saudi will also bring together more than 85 of the industry’s heavyweights to showcase innovative industry solutions and products at the event. Countries represented will include Turkey, China, the US, France, Italy, the UAE, Singapore, Egypt, Saudi Arabia and more.