About Us

U-Capital’s History

Ubhar Capital SAOC (‘U-Capital’) is a CMA-regulated, full service investment firm. U-Capital commenced operations in January 2017 after acquiring the Investment Management Group of Oman Arab Bank. In June 2020, U-Capital acquired Gulf Baader Capital Markets SAOC.

U-Capital offers the following services: Asset Management, Brokerage, Corporate Finance & Advisory, Wealth Management, Custody and Research.

Today, U-Capital is one of the largest asset managers and a leading stock broker. It has executed some of the most notable corporate finance deals including initial public offerings (IPO’s), debt placements and other advisory mandates.

Our Vision

To be Oman’s leading investment bank with a strong regional presence.

Our Mission

  • To create value for our customers, shareholders, employees & community
  • To provide our clients with sound investment advice, drawing on the strength of our experience & knowledge
  • To be the partner of choice for select business owners and management teams that are motivated to achieve their full potential.
  • To be a employer that attracts the best talent; and, to be a Company that is a positive contributor to the society & country at large.

Shareholder Profile

Jabreen International Development Company SAOC -65.99%

With assets of over $750 million, Jabreen Capital is one of the largest investment firms in Oman and is heading towards becoming a leading private equity firm in the region with a global footprint. Jabreen Capital is a subsidiary of OMINVEST. 

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Arab Bank (Switzerland) Ltd. (“ABS”) -34%

Founded in Zug in 1962 and has a recognized Swiss bank status. As a Swiss bank, it is subject to all Swiss banking laws, rules and regulations and is supervised by the Swiss Financial Market Supervisory Authority (FINMA).

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Oman International Development and Investment Company SAOG (OMINVEST) -0.01%

Founded in 1983, OMINVEST is one of the oldest, highly successful and largest investment firms in the MENA region; listed on Muscat Securities Market, the market capitalization of USD 714mn (as at June 30, 2020). OMINVEST operates around its Six Strategic Platforms include Banking, Insurance, Leasing, Real Estate, Investment Banking, and Financial Investments (public & private equity investments in other growth sectors). While the platform is focused to consolidate its businesses in Oman; it actively seek new Strategic & Financial investments in other growth sectors and geographies to better shield against regional economic downturns and geopolitical risks.

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Board of Directors

Abdulaziz Al Balushi

Chairman

Mr. Abdulaziz Mohammed Al Balushi is currently the Group CEO of Oman International Development and Investment Company SAOG (OMINVEST) with over 37 years of professional experience. Abdulaziz has extensive and in-depth knowledge of the global financial services industry. Since joining OMINVEST in 2014, Abdulaziz together with the Management Team transformed the company by implementing the new vision set forth by the Board of Directors, formulating a new organizational culture, structure, and policies.
Prior to joining OMINVEST, Abdulaziz was the CEO of Ahli Bank SAOG from 2007 to 2013.

Abdulaziz holds a Master of Science Degree in Finance from the University of Strathclyde (UK) and is a Fellow of Chartered Institute of Bankers (UK). Abdulaziz served at various Boards across the Sultanate and as an Advisory Board Member in the college of Agriculture and Marine Services at Sultan Qaboos University.

Currently, Abdulaziz is the is Deputy Chairman of Jabreen International Development Company SAOC; and a Board member at Oman Arab Bank SAOG, National Finance Company SAOG and National Life and General Insurance SAOG. Additionally, he is a member of Oman American Business Centre, an organization formed to foster the development of commercial activity between the United States of America and the Sultanate of Oman. He is also a Fellow of the Institute of Financial Services, an organization supporting professionalism in Financial Services.

Nasri Victor Malhamé

Vice Chairman

Nasri Victor Malhamé is advisor to the board of Arab Bank (Switzerland) Ltd. and has previously served as its Chief Executive Officer and General Manager of Arab Bank (Switzerland).

Mr. Malhamé has been a Director of AB Alternative Strategies Fund PCC Ltd – AB Alternative Arbitrage Fund since March 1, 2015. He served as a Director at AB Alternative Strategies Fund P.C.C. Limited from August 16, 2011 to January 14, 2013. He served as a Director of IIAB PCC Ltd – IIAB Sukuk & Murabaha MENA Fund and IIAB MENA Feeder Fund until January 2013. He served as a Director of AB Alternative Strategies Fund PCC Ltd – AB Alternative Arbitrage Fund from August 16, 2011 to January 2013.

Al Wadhah Sulaiman Al-Adawi

Board Member

Al Wadhah Sulaiman Al-Adawi currently serves as Chief Business Officer (CBO) at Ominvest.
He most recently served as the Vice Chairman of S&T Group’s Oil and Gas business (Hydrocarbon Finder E&P). He also has over 18 years of international experience managing global portfolios in leading Asset Managers such as Harvard Endowment and GLG Partners. He was also previously a board member at Ominvest.

Al Wadhah graduated Cum Laude (Honors) from Boston University where he earned a double major in Economics and Finance. He is also a Chartered Financial Analyst and holds the CFA designation since 2004.

Sanjay Kawatra

Board Member

Sanjay Kawatra has 25 years of solid experience in providing financial, strategic and growth leadership. He is well connected globally and possesses deep sector knowledge of banking, insurance, and leasing.

Sanjay currently serves as Deputy Group Chief Executive Officer of Ominvest Group and is responsible for managing Ominvest Group’s investments. Earlier, he was a partner in EY MENA. He has extensive experience in matters relating to mergers and acquisitions, restructuring, divestments, performance improvement, IPOs, and fund-raising transactions.

Sanjay has served as an advisor to several regulatory committees in Oman. He is an active presenter in business forums and contributes articles to business magazines. He is also a Board member of several listed and regulated companies in GCC. He holds a Bachelor of Commerce and is a Member of the Institute of Chartered Accountants of India.

Rani Jabban

Board Member

Rani Jabban is currently Managing Director, member of the Executive committee in charge of Treasury, Trading, Financial Institutions, and Marketing at Arab Bank (Switzerland) Ltd. He is holder of a MSc. in Economics and is a graduate from Magistère Banque Finance from French University Paris 2 Pantheon-Assas (1994).

Mr. Rani started his career in 1995, as Forex and Treasury dealer at BFO London (Credit Agricole group) before moving to Geneva in 2000 as senior manager FX advisory at Credit Agricole (Suisse) SA.

Abdulaziz Al Saadi

Chief Executive Officer

Sheikh Abdulaziz Khalifa Al Saadi is the CEO of Ubhar Capital SAOC (U Capital) since December 2020.
With experience of more than 19 years in the field of finance and investment, Sheikh AbdulAziz has extensive in-depth knowledge of the industry.

Before joining Ubhar Capital, he was Deputy Director General for Operations in Civil Services Pension Fund (CSPF). Where he steered in formulation and implementation of CSPF strategic plan and future directions. He also supervised operations in the investment department’s management activities which included portfolio construction, investment strategy and risk management. He also looked after the internal audit function of the fund.

He has remained as board of director with various companies in the field of real estate, investment as well as in the banking sector. He was board of director of Bank Nizwa (the largest standalone Islamic bank in Oman), Ominvest (largest private sector investment Company in Oman), Jabreen Capital (a leading private equity firm in the region) and Muscat National Development and Investment Company (a flagship company of the government of Oman with focus on tourism, health, education, retail, logistics and transport industries).

Sheikh Abdulaziz holds Bachelor’s Degree in Accounting from Sultan Qaboos University, Master’s Degree in Business from Victoria University, Melbourne – Australia and an Associated Chartered Certified Accountant (ACCA) from London – UK

Our Philosophy

To provide differentiated investment services to our clients.

U-Capital's Principle

Partnering for Success.

Key Of Success

Local coverage with a Global scope, creativity, experience, and relationships.

Our Address

PH level, Ominvest Business Center, Madinat El Erfaan, Phase 1, Bausher Airport Heights, Way no, 501, Plot no. 216, Block no. 9993, Building no.95.

P.O. Box 1137, PC 111, Sultanate of Oman