KUWAIT CITY, Sept 12: Neo Capital, a leading global real estate investment management company, has announced the appointment of Babak Soltani as its Chief Operating Officer (CEO). Babak will be based in Dubai, the United Arab Emirates, and will assume his position with immediate effect. As CEO, Babak will be responsible for strengthening Neo Capital’s market position with the aim of increasing the company’s assets under management from approximately US$1 billion to US$3 billion in the medium term. Babak will also lead initiatives to expand the company’s investor base in the GCC countries, in addition to leading acquisitions and asset management, to ensure optimal company performance and value creation for investors and shareholders.

Babak Soltani, CEO of Neo Capital, has more than 25 years of experience in real estate investments. Before joining Neo Capital, Babak served as General Manager of the Real Estate Group at Investcorp. This investment has successfully grown Investcorp’s real estate assets under management to over $10 billion. Prior to Investcorp, Babak held senior positions at Addax Bank, Bahrain Financial Harbor and Taib Bank. Babak holds a Master of Science in Accounting and a Bachelor’s degree in Accounting from the University of Texas at Arlington. In this regard, Hani Obaid, Founder and Chairman of Neo Capital, said: “We are pleased to welcome the new CEO Babak Soltani. His extensive experience in the real estate sector, coupled with his strategic and leadership skills, will have an effective role in the next phase of Neo Capital’s growth. This appointment will add structure and greater focus to customer service to the company.”

Babak Soltani, CEO, added: “I look forward to joining the Neo Capital at this time in the growth journey. It is the right timing for the markets and I see great potential and opportunities to enhance the company’s growth. With an integrated and highly experienced work team, we have the skills required to achieve our strategic goals and seize more opportunities to create value for our customers.”

Neo Capital was founded in 2015. The company’s assets are worth approximately $1 billion, and it has a proven track record in real estate investment in the United States, Western Europe, and the United Kingdom. The company recently acquired the Royal Albert Docks in Liverpool, is a historic site and tourist attraction in Liverpool, United Kingdom. Neo Capital was established with the aim of creating and leading unique investment opportunities in the global real estate market to give our investors confidence in achieving high returns on their investments, benefiting from our long experience as founders and the trust of our clients that we have gained over many years. Many people interested in investing are looking for real opportunities to invest their money in projects that will bring them high returns.

Some of these people are learning about investing for the first time, while others are experienced investors, business and institutional owners, CEOs and financial advisors who are looking to expand their investment portfolios. Hence, “we created Neo Capital to be the largest and most trusted partner in driving direct opportunities for all those interested in unique investments,” said Babak Soltani.