Our reputation is built on innovation, reliability and client service.

About Us


Rasmala is an independent provider and manager of alternative investment products, serving Gulf-based investors, including pension funds, family offices, corporates, endowments and financial institutions.

Our philosophy suits sophisticated investors as we focus on long-term investing rather than seeking short-term returns that, in our experience, tend to lead to poor long-term performance. We access alternative investments that give investors the opportunity to diversify their investment portfolios and our strong balance sheet underpins our ability to underwrite and secure the best transactions.

Although originally founded to serve Gulf investors, our investment universe and corporate culture have always been international. Our experienced team combines in-depth market knowledge and global experience with a strong track record.


Our Values

At Rasmala we offer our clients the same outstanding levels of service and performance, irrespective of where they are geographically based.

Client Focus

We build long-term relationships with our clients and offer customized solutions that support their long-term objectives.

Trust

We hold ourselves to the highest ethical standards and take responsibility for the welfare of our company and our clients.

Excellence

We are professional, always learning, have a strong work ethic and excel in everything we do.

Innovation

We are enterprising and innovative in finding solutions to business problems and achieving successful outcomes for our clients.

Passion

Our passion is delivering positive impact in our communities.

Our People


Our team is comprised of experienced professionals, from around the world, who understand that our long-term commitment to investors is integral to our success. Everyone working at Rasmala embodies our ideals of professionalism, performance and innovation, and those values remain our foundation.


Haroon Ahmad, CFA
Chief Executive Officer

Haroon is Chief Executive Officer of Rasmala. He was previously Head of Direct Investments. He has over 25 years’ experience in the investment management industry. He joined Rasmala in 2014, first leading the group's business development and then its direct investment activity. Previously he held senior positions at global and regional firms, including HSBC and Emirates NBD. Ahmad is a CFA charterholder, a chartered accountant from England and Wales, and holds a BSc degree in economics from University of Warwick.

Ruggiero Lomonaco
Head of Saudi Arabia

Ruggiero is the Country Head of our Saudi business with overall responsibilities for setting up and running our Riyadh office. In addition, Ruggiero serves as Head of Real Estate Funds with responsibilities for managing our international properties portfolio. He has over 25 years of experience in the investment management industry and specializes in Sharia-compliant products. Prior to joining Rasmala, Ruggiero held senior management positions at JP Morgan Chase, HSBC and ABN AMRO. Ruggiero holds a first-class honors degree in Economics and Finance and is a Certified Public Accountant (Dottore Commercialista) in Italy.

Ali Taqi, CFA
Chief Investment Officer

Ali Taqi joined Rasmala in July 2016 and brings over 23 years of buy- side investment and business development experience. Ali is responsible for Rasmala’s investment strategies, leading and supporting all investment teams covering various asset classes. Ali started focusing on MENA capital markets in 2002 when he moved to Kuwait-based Gulf Investment Corporation as a Senior Equity Analyst. He then became the Head of MENA Asset Management and Co-Portfolio Manager at the National Bank of Kuwait (NBK) in 2005, and during his tenure at NBK, assets under management grew to approximately US$500 million in less than 3 years. In 2008, Ali set up A/T Capital Management Limited in Dubai and before Ali’s departure, AUMs had peaked at US$300 million. Ali earned a Master of Engineering degree in Operations Research & Industrial Engineering, and a Dean’s Certificate in Financial Engineering from Cornell University. He is also a CFA Charterholder.

Jawad Ahmad, CFA
Head of Direct Investments

Jawad is responsible for leading the Direct Investments team. He brings over 15 years of experience across telecoms, finance and manufacturing in the Middle East with Ravago, British Telecom and HBG Holdings. He has strong track record of successful direct investments across a range of asset classes, demonstrating expertise in due diligence, deal sourcing, negotiation, and execution. Jawad holds a Bachelors of Engineering degree from University of Engineering and Technology Lahore; and MBA from Lahore University of Management Science. He is a qualified Chartered Management Accountant (CIMA) and a CFA charterholder.


Ghassan El Hitti
Head of Legal, Risk and Compliance

Ghassan is responsible for the legal and corporate governance function across the firm. He also advises the Board and executive management team on various strategic, operational, regulatory and risk issues. He brings over 18 years of legal and regulatory experience to Rasmala. Ghassan headed the SHUAA Capital’s legal and compliance departments. Ghassan worked for the United Nations Development Programme (UNDP) as a senior advisor to the Ministry of Finance of the Republic of Lebanon where he worked on sovereign debt strategy and issuance. Prior to that, he was Assistant General Counsel at the Municipal Securities Rule Making Board (MSRB) in Virginia, and a trial attorney in the Division of Enforcement of the Commodity Futures Trading Commission (CFTC) in Washington, D.C.

Ghassan obtained a BS in Finance and International Business from Georgetown University in Washington, D.C. and a JD/MBA from Case Western Reserve University in Ohio. He is admitted to the New York Bar.


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