- Haitham will focus on scaling Blue Owl's investment and
operations teams across key Middle Eastern markets including
Abu Dhabi and Dubai
NEW
YORK, May 14, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset
manager, announced today the hiring of Haitham Abdulkarim to oversee the company's
institutional business in the Middle
East. His initial focus will be on scaling Blue Owl's
Abu Dhabi and Dubai offices, the former which will
serve as the company's flagship office in the region. The hire is
part of a strategic push by Blue Owl as the company seeks to
enhance and deepen the firm's coverage of key regional family
offices, pension, and sovereign wealth funds.
Haitham previously served as Head of UAE at BlackRock, where he
led client strategy and engagement. Prior to that, Haitham was
responsible for promoting BlackRock's private markets offering to
investors in the Kingdom of Saudi
Arabia. He was also part of the founding team that
established the BlackRock Middle East Infrastructure Fund, the
firm's first product dedicated to the Middle East.
Prior to BlackRock, Haitham was Head of Investor Relations at
Mubadala-backed Waha Capital in Abu
Dhabi, and previously led investor relations at Samena
Capital, a pan-Asia private equity
firm based in Dubai.
Haitham began his career in Mergers & Acquisitions, with roles
at HSBC Global Banking & Markets and BNP Paribas CIB in
Dubai and
Singapore, respectively.
Blue Owl Co-CEOs Doug Ostrover
and Marc Lipschultz said, "Hiring
Haitham highlights Blue Owl's commitment to deepening our
relationships and more seamlessly collaborating with our Middle
Eastern investment partners. Our approach to the Middle East has always been to provide
market-specific products and solutions tailored to the region's
sophisticated investors. By expanding our on-the-ground
capabilities in the market, we will be able to further drive value
for our partners in the region."
Blue Owl recently received a license in the Dubai International Financial Centre
(DIFC) and is awaiting final approval for a license in Abu Dhabi
Global Market (ADGM), which is expected in the coming months, at
which point the company will officially open the Abu Dhabi office.
Haitham Abdulkarim said, "It has
been amazing witnessing Blue Owl's exponential growth over the past
three years as the firm continues to expand and foster partnerships
with some of the most prominent global investors. I am excited to
join such a preeminent institution and further scale the firm's
Middle Eastern coverage including Abu
Dhabi and Dubai."
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is
redefining alternatives.
With over $174 billion in assets
under management as of March 31,
2024, we invest across three multi-strategy platforms:
Credit, GP Strategic Capital, and Real Estate. Anchored by a strong
permanent capital base, we provide businesses with private capital
solutions to drive long-term growth and offer institutional and
individual investors differentiated alternative investment
opportunities that aim to deliver strong performance, risk-adjusted
returns, and capital preservation.
Together with over 725 experienced professionals globally, Blue
Owl brings the vision and discipline to create the exceptional. To
learn more, visit www.blueowl.com.
Forward Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "would," "should,"
"future," "propose," "target," "goal," "objective," "outlook" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. Any such forward-looking statements are
made pursuant to the safe harbor provisions available under
applicable securities laws and speak only as of the date made. Blue
Owl assumes no obligation to update or revise any such
forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Blue Owl's control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements.
Important factors, among others, that may affect actual results
or outcomes include the inability to recognize the anticipated
benefits of strategic acquisitions; costs related to acquisitions;
the inability to maintain the listing of Blue Owl's shares on the
New York Stock Exchange; Blue Owl's ability to manage growth; Blue
Owl's ability to execute its business plan and meet its
projections; potential litigation involving Blue Owl; changes in
applicable laws or regulations; and the possibility that Blue Owl
may be adversely affected by other economic, business,
geo-political and competitive factors.
Investor Contact
Ann
Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Nick
Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com
View original
content:https://www.prnewswire.com/news-releases/blue-owl-capital-hires-haitham-abdulkarim-to-oversee-institutional-business-in-middle-east-302143753.html
SOURCE Blue Owl Capital