Board of Directors
Highly experienced professionals that provide strong governance, as well as access to an exceptional network.
BOARD MEMBERS
Distinguished and experienced.
Abdullah Bahamdan
Chairman
Abdullah Bahamdan is Founder and Chairman of the Bahamdan Group. He is a seasoned entrepreneur and banker, with more than 40 years of experience.
Kamal Bahamdan
Vice Chairman
Kamal Abdullah Bahamdan is an entrepreneur and investor with a 25-year career establishing and growing businesses around the world.
Mohannad Bahamdan
Director, CEO, BG Invest
Mohannad Bahamdan is the Group CEO of BGInvest as well as Badad International Company Limited.
Ziad Dannaoui
Director
Ziad Dannaoui is a Senior Partner at Safanad and a member of the firm’s Investment and Executive Committees.
Abdulkareem Abu Alnasr
Director
Abdul Kareem Abu Alnasr is a Board Member, bringing extensive banking and managerial experience to the role.
Abdullah Bahamdan
Chairman
Abdullah Bahamdan is Founder and Chairman of the Bahamdan Group. He is a seasoned banker, with more than 40 years of experience.
Mr. Bahamdan previously held positions as CEO and Chairman of The National Commercial Bank of Saudi Arabia, which he helped to build into one of the Middle East’s largest financial services groups. He sits on the boards of the Health Water Bottling Co. Ltd, Aluminium Products Company, and Farabi Petrochemicals, and is Chairman of the Board of Safanad.
Mr. Bahamdan is a Founding Member and Member of the Board of Directors at the Saudi Society for the Preservation of Heritage, an Honorary Member at The Consultative Council and the Founding Member of the Prince Khalid Al Faisal Center for the Development of Managerial Leadership.
Kamal Bahamdan
Vice Chairman
Kamal Abdullah Bahamdan is an entrepreneur and investor with a 25-year career establishing and growing businesses around the world. Simultaneous to his business career, Kamal is a competitive athlete. He is a five-time Olympic equestrian and bronze medal winner in the London 2012 Olympic Games. Across his professional and sporting endeavors, Kamal is driven by a relentless focus on lifelong learning, excellence, and a determination to push beyond boundaries. His success has been complemented by his ability to attract the very best talent and build industry-leading teams that support him in executing his vision be it in business, sport, or philanthropy.
Currently, Kamal is the Vice Chairman of the Bahamdan Group and Founder and Chief Executive Officer of Safanad, a New-York based, global holding company established in 2009. Throughout his career, Kamal has created numerous world-class platforms across education, healthcare, financial services, technology, telecommunications, and digital infrastructure, among others. He has a rigorous approach to investing that starts with assessing unfolding macro trends and their resulting micro dislocations. He then identifies opportunities to address business and social challenges that have emerged. With an owner-operator mindset, he brings the ecosystems, networks, and key talent to bear to build scalable platforms. Kamal has leveraged this approach to launch greenfield and start-up ventures, assemble and scale businesses through a buy and build approach, and manage challenging and complex turnaround and restructuring situations across the US, Europe, Asia, and Middle East. He has replicated this success time and again including during some of the most turbulent market events of the past three decades.
Most recently, under his leadership, Safanad has executed over $10 billion in transactions and established multiple market-leading platforms. These include a fast growing K-12 education company with over 50,000 students worldwide, which was established to capture opportunities from increasing demand for high-quality private education globally, the UK’s largest care home operator, which was acquired as part of a restructuring process, turned around and scaled, and a leading US-based datacenter operator that was built after identifying the need for co-location datacenter operators and then executing additional bolt-on acquisitions to grow the business. He has also led sizable investments that have created multiple operationally-intensive real estate platforms across the US.
Prior to Safanad, Kamal was the CEO of the Bahamdan Group, a family-owned global investment group with a 70-year history of investing in the Middle East and global markets, and previously co-founded the Washington, DC-based private equity firm BV Group.
At the Bahamdan Group, Kamal led a major turnaround of an industrial and consumer goods portfolio which included a water bottling company, repositioning the business from significant distress into a market leader, acquired, turned around, and significantly expanded a petrol station chain by increasing the sophistication in its real estate strategy and adding quality adjacent services and retail before exiting to one of the world’s largest energy companies, and created a telecommunications company in the first wave of the industry’s liberalization, before leading a complex nine-way merger and exiting to Saudi Arabia’s leading mobile operator. He also built one of the largest private school operators in the Kingdom and. served as an early investor in the world’s largest online education company supporting the company’s expansion into MENA through the launch of the region’s first online school.
Similarly, at the BV Group, Kamal led the early identification of numerous greenfield and buy-and-build opportunities across real estate, technology, education and other areas in the US, Europe, and Asia. Key among these include the 2002 launch of a $1.0B property-focused real estate fund to acquire US government real estate and capitalize on the rapid growth in the size and scale of the federal government, investment in a credit research firm that was transformed into a market leader, seizing on the emergence of the tech industry and impact of increasing data on society, and investing early in a higher education company that has served millions of students in response to a growing need for high-quality and affordable university education globally.
Beyond making investments across his businesses into social-impact sectors for more than 20 years, Kamal is an education philanthropist. With an aim to giving children the best chance to succeed, he is dedicated to supporting early childhood development through his contributions to numerous initiatives and related organizations in the Middle East and globally. In 2022, he endowed the Bahamdan Professorship for Early Childhood Well-Being at Boston University, his alma matter, supporting greater research and innovation in the field, and serves on the Wheelock College of Education’s Dean’s Advisory Board.
He is also an active participant in global forums focused on enhancing quality and access to education including serving as a member of the B20 Taskforce on Education and Employment for both the 2020 G20 meeting in Saudi Arabia and 2021 meeting in Italy. Kamal is also a member of the Swedish-Saudi Business Council’s Education Committee.
In 2006, Kamal was recognized as a Young Global Leader by the World Economic Forum and holds a BSc in Manufacturing Engineering from Boston University.
Mohannad Bahamdan
Director, CEO, BG Invest
Mohannad Bahamdan is the Group CEO of BGInvest. As a CEO, he is responsible for leading the development and execution of long-term strategies with the goal of increasing shareholder value.
Mohannad started his career as an intern at the National Commercial Bank of Saudi Arabia (NCB) before joining the Group. He acted as a Deputy CEO prior to taking the CEO role. As part of his role as Deputy CEO, Mohannad was involved in the restructuring of one of the major underlying assets of the Group, Tas'helat Marketing Company, and helped manage the exit process from the asset.
Apart from his executive role, Mohannad acts as a board member of the Group, a board and executive committee member of Tadrees, and a board member for other Group subsidiaries. Additionally, and prior to the exit from Tas'helat Marketing Company, he also acted as a board member for the latter.
Mohannad obtained his bachelors degree as part of a dual-degree program from Regents College - AIU and London Southbank University.
Ziad Dannaoui
Director
Ziad Dannaoui is a Senior Partner at Safanad and a member of the firm’s Investment and Executive Committees.
Prior to assuming his current role in 2016, Mr. Dannaoui served as the Head of Investments for Safanad and was responsible for overseeing all investment activities. Prior to joining Safanad, Mr. Dannaoui was the Head of Investments at Bahamdan Group and was previously a Managing Partner of a Middle East Law Firm.
Mr. Dannaoui holds an LL.M. degree from the James E. Rogers School of Law and an LL.B. degree from the Holy Spirit University School of Law.
Abdulkareem Abu Alnasr
Director
Abdul Kareem Abu Alnasr is a Board Member, bringing extensive banking and managerial experience to the role.
He previously served as the Chief Executive Officer and Board Member of The National Commercial Bank of Saudi Arabia, one of the leading financial institutions in the GCC region. Mr. Abu Alnasr currently serves as a Board Member of Abdul Latif Jamil United Finance Company where he is also Chairman of the Audit and Risk Committees. He is also a member of the Board and Audit Committee of Safanad and the Yanbu National Petrochemical Company.
Mr. Abu Alnasr was named ‘Saudi Arabia Banker of the Year 2009’ in World Finance magazine and received The Banker magazine’s ‘Lifetime Achievement Award’ in 2008 for his “considerable contribution to financial services in Saudi Arabia and the region”. He holds a M.B.A. degree from the American University in Cairo and a B.B.A. degree from California State University.