Riyadh Tower, Kingdom Centre, Saudi Arabia
Ashmore Investment Saudi Arabia

Board of Directors

Ashmore Investment Saudi Arabia is licensed and regulated by the Saudi Arabian Capital Market Authority under licence no. 14174-22 with its registered office at 3rd floor, Tower B, Olaya Towers, Olaya Main Street, Riyadh, Kingdom of Saudi Arabia.

Dr. Adnan Soufi

Chairman of the Board of Directors and Independent Director

Executive strategic leader specialized in corporate governance as well as leadership and business development, institutional investment and leading transformations. 22 years of experience at SEDCO Holding, where he started as an advisor to the CEO, then as a Senior Vice President of the Direct Investment Group and a member of the Executive Committee, then as Managing Director of the Financial Investment Group, then CEO of SEDCO Holding, then an advisor to the Chairman of the Board

Mr. Rakan Abunayyan

Vice Chairman of the Board of Directors and Independent Director

Mr. Abunayyan has an extensive experience in the Financial Industry of Saudi Arabia. He has started his work experience in 2001 as a researcher at the Saudi Economic Program of the Central Bank of Saudi Arabia (SAMA) and grew in his career to be the CIO of Abunayyan Holding with an oversight for a multi-billion SAR diversified group of subsidiaries, affiliates and investments. Prior to joining Abunayyan Holding, Mr. Abunayyan was a senior manager of Corporate Finance at Middle East Financial Investment Company (MEFIC). He was one of the executive team that started up the company in 2007 and helped in Portfolio Strategy & Strategic Asset Allocation. Mr. Abunayyan was also a lecturer at the College of Industrial Management at King Fahd University of Petroleum and Minerals. He holds a Master’s degree in Finance from University of Illinois at Urbana-Champaign, a Bachelor’s degree in Accounting from King Saud University, and is a Certified Public Accountant (CPA) from California, USA.

Mr. Tom Shippey


Mr. Shippey is Group Finance Director for Ashmore plc. He was promoted to the board in November 2013, having previously been Head of Corporate Development since 2007, in which capacity he was responsible for developing and implementing Ashmore’s corporate strategy. Prior to joining Ashmore, Mr. Shippey worked for UBS Investment Bank, including advising on the Ashmore IPO in 2006. He qualified as a chartered accountant with PricewaterhouseCoopers in 1999 and has a BSc. in International Business and German from Aston University.

Mr. Ibrahim Assem


Mr. Assem is the Head of Private Equity, MENA for Ashmore Group, joined Ashmore in 2008 from Weather Investments/Orascom Telecom in Paris where he was a Senior Manager in their corporate finance group. Prior to this, he had M&A roles at Deutsche Bank in London, Orascom Telecom in Cairo and with Merrill Lynch in London. Mr. Assem holds an MBA degree from New York University and, a BSc in Business Administration from the American University in Cairo.

Mr. Saad Almousa

Director Independent

Mr. Saad Almousa is the current MD of Taamirat Almousa Company and SAAF International Company since 2007 , Mr. almousa is a business leader with a track record spanning over 20 years. He has successfully managed several companies in technology, services, industrial, real estate and hospitality fields. Mr. Almousa has served as a Board member in several other local and international companies . Mr Almousa holds a Bachelor's degree in Information Systems from King Saud University in the Kingdom of Saudi Arabia in 2001.

Mr. Ahmed A. Almohaisen 

Chief Executive Officer and Managing Director and Head of Product and Business Development and Board Director (Executive Director)

Ahmed joined Ashmore in 2020 after holding various positions such as a team leader in the wealth management at Banque Saudi Fransi, Executive Director of Investor Relations at Ibdar Bank Bahrain, and VP senior institutional advisor at NCB Capital. Ahmed’s experience in the investment sector extends to over ten years with a number of professional certificates such as Institutional Investment Management form the Chartered Institute for Securities & Investment (CISI). 

Ahmed holds a Bachelor’s degree in Finance from King Fahd University of Petroleum & Minerals (KFUPM).