Our Story

From entrepreneurial beginning to a leading investment institution, a team of accomplished, experienced banking professionals collaborating in partnership with our clients.

In the year 2003, the financial landscape of the United Arab Emirates underwent a pivotal transformation. This transformative phase witnessed the rise of the Dubai International Financial Centre (DIFC), orchestrated under the leadership of Naser Al Nabulsi as its Chief Executive Officer. Subsequently, the local equity markets surged, thus cementing the UAE's emergence as a preeminent financial hub. This significant development was the catalyst for Naser Al Nabulsi to initiate the founding of Al Mal Capital PSC (“Al Mal”).

Established in 2005, Al Mal Capital was established with an unwavering commitment to an entrepreneurial spirit, strategically poised to address the dynamic needs of an expanding investor community. From the beginning, our trajectory has been aligned with the expanding demands of its clients, resulting in a harmonious evolution.

The year 2015 marked an important milestone as Dubai Investments became the majority shareholder in Al Mal Capital, propelling the organization into a new phase of growth and innovation. In the subsequent year, we unveiled our pioneering Direct Investments platform, a strategic initiative that was further bolstered in 2017 through the acquisition of an educational asset within the Sale & Leaseback framework.

The year 2020 witnessed the establishment of Al Mal Capital REIT, a testament to our unwavering commitment to innovation and diversification. In 2021, Al Mal Capital REIT achieved a historic distinction by becoming the inaugural Real Estate Investment Trust (REIT) to be listed on the Dubai Financial Market (DFM). Notably, we have played a pivotal role in one of the most significant transactions within the district cooling industry in the MENA region, demonstrating adeptness across negotiations, structuring, execution, and successful conclusion. Additionally, we have also participated in local and regional IPOs, including international late-stage pre-IPO transactions.

The commendable achievements of Al Mal Capital have garnered notable recognition and awards. These include the ``Best Regional Asset Management Firm for High-Net-Worth Individuals (HNWI’s),`` conferred upon it at the distinguished MEA Finance Wealth and Investment Awards of 2022. Moreover, we have been honored with the distinction of ``UAE Asset Manager of the Year`` for consecutive years, 2018 and 2019, by the esteemed Mena Fund Manager Performance Awards, exemplifying our unwavering dedication to excellence.

Our Approach

Our approach revolves around a central focus: You.

Our approach centers on the comprehension of the investment needs of our institutional partners and high net worth clients. Placing your needs at the top of our priorities, we employ our thorough grasp of market dynamics and our deep financial expertise to deliver superior solutions tailored to your needs. Our principles are founded upon fostering an engaged relationship with you, one that actively involves you in the decision-making process. Expertly navigating through market nuances, portfolio expectations, and risk dynamics, Al Mal Capital PSC keenly endeavors to thrive together with you.

At Al Mal Capital PSC, our successes are also driven by ideas. Through a blend of technical expertise and effective execution, we transform investment ideas into reality. This is made possible through the cultivation of a team of perceptive and adept financial services professionals firmly committed to earning and upholding your trust.

Our Mission

Our mission is to be the trusted provider of a full range of high-quality financial solutions for the destination of capital from and to the MENA region, delivering exceptional value to our clients and stakeholders whilst adhering to a strong set of corporate principles.

Our Values



We take pride in our work and organization, act with integrity at all times, comply with AMC policies and standards, honour the confidentiality of clients and employees, and promote the positive image of the organization through all our actions.

Performance Driven


Aligned with our long-term strategy, we aim to realize the potential of our team, foster and encourage an environment of high performers, and recognize, reward and promote individuals based on merit and delivery of strategic results.

Service Excellence


We are client focused, constantly expanding our knowledge and communicating our understanding of regional markets and business activities, driven to anticipate client needs, improve the quality and efficiency of the products and services we deliver, and strive to deploy the organization’s resources effectively.



We exemplify a sense of unity and teamwork throughout the organization, respect other team members, and promote communication and cooperation between departments in the overall interest of AMC.

Board Members

Khalid Jassim Mohd Bin Kalban


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Naser Tayseer Shawkat AlNabulsi


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H.E. Ahmed Saif Ali AlDhabea AlDarmaki

Board Member

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Ali Fardan Ali AlFardan

Board Member

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Mohamed Saif Darwish Ahmed AlKetbi

Board Member

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Abdulaziz Bin Yagub Bin Yousef AlSerkal

Board Member

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Mushtaq Syed Mohideena Masood

Board Member

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Our Managment

Naser Tayseer Shawkat AlNabulsi

Vice Chairman & CEO

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Narendra Gajria

Chief Operating Officer

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Sanjay Vig

MD – Corporate Advisory & Direct Investments

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Faisal Hasan, CFA

Chief Investments Officer
Head of Asset Management

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Sara Ahmed

Director, Head of Capital Markets

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Saif Al Serkal

Head of Business Development

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Roshan Shah

Executive Director – Corporate Advisory

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Awards & Recognitions

Recognized for what we have accomplished for YOU


  • Won MENAA Customer Delight Award 2016 at 4th Middle East, North Africa & Asia Awards
  • Nominated as UAE Asset Manager of the Year, 2015 by MENA Fund Manager
  • Voted as MENA Asset Manager of the Year, 2013 by Reuters Zawya
  • Capital Finance International awards Al Mal Capital as Best UAE Equity Fund Manager, 2013


  • Won Fastest Growing Asset Management Company UAE 2021 by International Business Magazine
  • Nominated as UAE Asset Manager of the Year, 2020 by MENA Fund Manager
  • Nominated as UAE Asset Manager of the Year, 2019 by MENA Fund Manager
  • Nominated by MENA Fund Manager for 1 & 3 years top-tier performance in 2015
  • 2013 Top-tier performer by Zawya
  • 2013 Top-tier performer by MENA Fund Manager 1 & 3 years
  • Won 2012 MENA Fund Manager Award for 3- Year Performance
  • Won ‘UAE Equity Fund of the Year’ in 2011


  • Won the MENAA Best Business Leader Award 2016 at the 4th Middle East, North Africa & Asia Awards


  • Won Best Asset Management Company MENA 2021 by International Business Magazine
  • Nominated by MENA Fund Manager for 1 & 3 years top-tier performance for MENA Equity Fund in 2018
  • Nominated by MENA Fund Manager for 1 & 3 years top-tier performance for MENA Equity Fund and UAE Equity Fund 2017
  • Nominated by MENA Fund Manager for 1 & 3 years top-tier performance in 2015
  • 2013 Top-tier performer by MENA Fund Manager 1 & 3 years
  • Top-tier performer by Zawya