Private equity firm Investcorp hires ex-Aldar executive to serve as CEO
Investcorp Capital (ICAP), a Bahrain-based asset manager with $59.7 billion worth of assets under management, has announced the appointment of Sana Khater as its CEO, effective September 1, 2025.
Khater brings over 35 years of strategic financial leadership experience in financial services, private equity, real estate, and asset management. Her background includes key leadership positions at notable institutions such as Aldar, Waha Capital, NBK Capital, and the National Bank of Kuwait.
At Aldar, Khater served as the Executive Director of Finance from 2021 to 2023, a leading Abu Dhabi-listed real estate developer. Prior to Aldar, she was the group chief financial officer at Waha Capital from 2010 to 2020, a prominent investment management company.
ICAP's new CEO has also held international C-Suite positions across listed and private companies, including her current role as CFO and senior adviser at a family office in Abu Dhabi.
The appointment reflects a strong move to enhance the company’s stakeholder management and build on its position in the global alternatives investment space, aligning with Abu Dhabi’s ambition as a global hub for investment firms.
Mohammed Alardhi, chairman of Investcorp Capital, expressed confidence in Khater's ability to lead the company. He stated, "Sana's extensive experience and expertise make her the ideal candidate to drive Investcorp Capital's growth and capitalize on global investment opportunities."
In April, ICAP sold its US industrial real estate portfolio for an aggregate sale price of $360 million. The portfolio included six investments across six states and an area of 2.3 million sq ft. The sale yielded a 1.4x multiple on invested capital (MOIC) and a 12% internal rate of return (IRR).
As CEO, Khater is expected to leverage her ability to drive shareholder value and deliver operational excellence to help Investcorp Capital capitalize on global investment opportunities and advance its alternative investments strategy. ICAP invests across various alternative asset classes, including private equity, private credit, real estate, infrastructure, and strategic capital.
Mohamed Aamer continues as interim CEO until Khater takes over officially. Despite the decline in net profit, revenues from capital financing services grew 9% to $49 million for the fiscal year ended June 30, 2024. For the same period, Investcorp Capital reported a 7% decline in net profit to $105 million.
Sana Khater, with her extensive experience in finance, private equity, real estate, and asset management, will lead Investcorp Capital (ICAP) as its CEO, focusing on driving shareholder value and capitalizing on global investment opportunities. As ICAP invests across various alternative asset classes, such as real estate, Khater's background in this sector, notably her tenure at Aldar, a leading Abu Dhabi-listed real estate developer, will be invaluable in advancing the company's real estate investments strategy.
