Investcorp appoints former JPMorgan official Mashaal AlJomaih to top Saudi role

RIYADH: Private equity company Investcorp has appointed former BNP Paribas and JPMorgan executive Mashaal AlJomaih as new managing director for private wealth in Saudi Arabia.

The appointment of AlJomaih comes just a few months after the company launched a dedicated $500 million pre-initial public offering vehicle to primarily partner with Saudi family businesses that wish to go public.

Those firms are mainly across consumer, health care, transport and logistics, and business services.