Board of Directors

Abdallah Yahya Al-Mouallimi
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Abdallah Al-MouallimiH.E. Abdallah Yahya Al-Mouallimi is currently the Permanent Representative of Saudi Arabia to the United Nations. He has held various senior government and private sector positions including Ambassador to Belgium, Luxembourg and the European Union, Mayor of Jeddah, member of the Saudi Consultative Council and Director of Saudi General Organization for Military Industries.

His private-sector service includes chairing the Jeddah Chamber of Commerce as well as holding the roles of Vice-Chairman of Olayan Financing Company and Managing Director of Coca-Cola Bottling Company, Saudi Arabia.

He has been a board member of Saudi Telecom Company, Saudi National Commercial Bank and Egypt Finance Company, amongst others. He is also Co-Founder and Chairman of HBG Holdings. He has a Masters in Management from Stanford University and a Bachelor of Science in Chemical Engineering from Oregon State University


Zak Hydari
Executive Director and Chief Executive
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Zak Hydari  is the Chief Executive of Rasmala. He has over 20 years’ experience in private equity, mergers and acquisitions, special situations and business turnarounds. He has held leadership positions in various portfolio companies and implemented post-acquisition value enhancement strategies. He was previously Chief Executive of HBG Holdings, a special situations private equity investor. He has served in various other capacities including as Board and Executive Committee Member of Muscat Finance Company, a publicly listed company on the Muscat Stock Exchange; Co-Chairman of British Conservatives Abroad (Dubai and Northern Emirates) and Board Member of the Middle East Advisory Panel of the Corporate Finance Faculty, part of the Institute of Chartered Accountants in England & Wales. Zak holds an MBA from Cranfield University and was awarded The Distinguished Alumnus Award in 2018.

Martin Gilbert Barrow CBE
Non-Executive Director and Senior Independent Director
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Martin BarrowMartin Barrow has extensive knowledge of Asia, having worked in the region for 35 years with Jardine Matheson. After joining the Hong Kong operations in 1965, he served as President of the group’s affiliate in Saudi Arabia, Managing Director of the operations in Japan and Regional Managing Director of Hong Kong and China, before being appointed to the board of Jardine Matheson Ltd in 1989. Mr. Barrow is a director of Matheson & Co Limited, Ballie Gifford Japan Trust PLC, China Britain Business Council and the Hong Kong Association.

John Robertson Wright
Non-Executive Director
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John WrightA career Banker with strong experience in UK and international markets including assignments in India, Sri Lanka, West Africa, Canada, Hong Kong and the United States, John Wright was recently appointed Chairman of Butterfields Bank UK. He was formerly Chief Executive of Oman International Bank for seven years, Chief Executive of the Northern and National Irish Banks in Ireland for five years, Chief Executive of the Gulf Bank in Kuwait and finally Chief Executive of Clydesdale & Yorkshire Banks prior to retirement. He has also served as Non Executive Director of banks in Oman, London and Bermuda and as Chairman of companies in Northern Ireland and in Scotland. He is a Fellow of the Chartered Institute of Bankers in Scotland and the Chartered Institute of Bankers in Ireland.

Michael Toxvaerd
Non-Executive Director
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Michael ToxveardMichael Willingham-Toxvaerd is Managing Partner of HBG Holdings UK LLP. He also holds a number of other directorships. He has significant experience in capital markets, mergers and acquisitions, founding, financing and listing companies on the London Stock Exchange. He is also experienced in private equity and holds an MBA from Cranfield University.