Fahed Boodai
Fahed Boodai | |
|---|---|
| فهد فيصل بودي | |
| Born | Fahed Faisal Boodai |
| Alma mater | University of San Diego Loyola Marymount, MBA |
| Occupation | Investment banker |
Fahed Faisal Boodai (Arabic: فهد فيصل بودي) is a Kuwaiti entrepreneur. He is the Chairman and Co-founder of Gatehouse Financial Group and Gatehouse Bank.[1][2]
Education
[edit]Boodai received an MBA from the Loyola Marymount University in Los Angeles, and a bachelor's degree in International Business from the University of San Diego.[3][4]
War service
[edit]Iraq invaded Kuwait in 1990, when Boodai was 17. He joined the Kuwait armed forces in exile, and underwent basic training. Drawing on his fluency in English and Arabic, he went on to work with the US military as a translator.[5]
He was posted to military intelligence with the 18th Airborne Corps operating on the northern border of Saudi Arabia.[5]
After Kuwait was liberated by US-led coalition forces, he was given an officer rank and helped the US Army's host nation affairs unit foster relations with the Kuwaiti population.[5]
Boodai was awarded the US Army Commendation Medal for meritorious service to the US Army during Operation Desert Storm and the liberation of Kuwait.[5]
Career
[edit]Boodai began his career as Deputy Manager – International Division of the Securities House, a publicly traded investment firm on the Kuwait stock exchange.[6] He held several roles over the years, working his way up to Vice Chairman and Chief Executive,[7] which he held until June 2023.
During his tenure, Boodai founded a US partner firm for Securities House, Global Securities House Ltd,[8] where he developed Shariah-compliant screening tools and managed equity portfolios for Gulf investors.
In 2002, Boodai founded Gatehouse Capital KSCC, a Kuwaiti investment firm, where he led strategic investments in student housing, single family rentals in the US and UK and over US$1.25 billion in US Light Industrial with Brennan Investment Group.[9] Boodai served as Chairman of the organisation from 2016 until June 2023.
In 2007, Boodai co-founded Gatehouse Bank,[10] where he led its restructuring and repositioning into real estate and wealth management in 2011, as well as subsequent restructuring into a digital challenger bank in 2017.[11] Under Boodai's leadership, Gatehouse raised its paid-up capital and secured investments from a sovereign wealth fund.[12]
Boodai is viewed as a pioneering force in the UK's Build to Rent sector.[13] Under his stewardship, Gatehouse Bank launched the first PRS UK Residential Private Rental Scheme Fund with £100 million equity.[13] The success of this first fund led to subsequent partnerships between Gatehouse Bank and TPG Real Estate[14] as well as between Gatehouse Bank subsidiary, Gatehouse Investment Management and The Carlyle Group.[15] In 2021, Gatehouse sold the 918-unit Thistle Portfolio for circa £150 million, which was the largest transaction of its nature in the UK at the time.[16]
In addition to his role as Chairman of Gatehouse Bank, Boodai has held the position of Chairman of Gatehouse Financial Group since 2015.[17]
Awards and Recognition
[edit]In October 2011, Boodai was recognised as one of the top 40 under 40 up-and-coming real estate superstars by Real Estate Forum.[5]
Boodai was presented with the Award for Business at the first Arabian Business London Awards in 2019.[13]
Personal Life
[edit]Boodai is married to Sheikha Al-Zain Sabah Al-Naser Al-Sabah, who is the Ambassador of Kuwait to the United States as of March 2023. The couple have three children.[5]
References
[edit]- ^ "ABOUT US". gc.com.kw. Retrieved 2024-11-18.
- ^ "Our Board of Directors | About Gatehouse". Gatehouse Bank plc. Retrieved 2024-11-18.
- ^ "Board of Directors". Gatehouse Capital. Retrieved 19 February 2020.
- ^ "Fahed Faisal Boodai". Bloomberg. Retrieved 19 February 2020.
- ^ a b c d e f "From Desert Storm to disruptive banker: the life-changing events behind Fahed Boodai's success". The National. Retrieved 14 June 2021.
- ^ "Securities House". sh.com.kw. Retrieved 2024-11-22.
- ^ "Securities House". sh.com.kw. Retrieved 2024-11-22.
- ^ "Global Securities House Ltd. (San Francisco) | Adviser Rankings – wallmine.com". cs.wallmine.com (in Czech). Retrieved 2024-12-02.
- ^ "Gatehouse Financial manages $3bn assets in US - Chairman". english.mubasher.info. 2019-05-08. Retrieved 2024-11-22.
- ^ "GATEHOUSE BANK PLC filing history - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-11-22.
- ^ "Charles Haresnape's Gatehouse Bank in board reshuffle". www.mpamag.com. Retrieved 2024-11-22.
- ^ "KUNA : Gatehouse Bank to boost investment in UK property by آ£100 mln - Economics - 09/12/2015". www.kuna.net.kw. Retrieved 2024-11-22.
- ^ a b c Gatehouse (2019-06-30). "FAHED BOODAI RECEIVES AWARD FOR BUSINESS AT FIRST ARABIAN BUSINESS LONDON AWARDS". gatehouse-group. Retrieved 2024-11-18.
- ^ Biring, Nick (2022-05-03). "Gatehouse Bank and TPG launch Start Living BTR platform". BTR News. Retrieved 2024-12-02.
- ^ Patel, Bea (2024-01-18). "Gatehouse IM and Carlyle JV acquires SFH BTR from Persimmon". BTR News. Retrieved 2024-12-02.
- ^ Biring, Nick (2021-01-14). "Gatehouse Bank agree sale of BTR portfolio to Goldman Sachs". BTR News. Retrieved 2024-12-02.
- ^ "BOARD OF DIRECTORS". gatehouse-group. Retrieved 2024-11-22.