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Halim Saad

Profile picture of Halim Saad

Halim Saad

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Name

Halim Saad

Your Country

United Kingdom

Company

Vega Capital Management Limited

Position

Chairman and CEO

Gender

Male

Core Industries

Financial Services, Fund Management, Private Equity, Venture Capital Investing

Experience

With an entrepreneurial mindset, I excel at conducting due diligence on private market opportunities, funds, and investments. I play a crucial role in identifying and mitigating investment risks while offering strategic guidance to the board through close collaboration with functional heads across all legal entities. My strong negotiation skills enable me to evaluate and oversee risk-reward transactions in adherence to internal policies and regulations. I have a proven track record of success and excel in fostering robust professional relationships with key stakeholders and C-suite executives. Additionally, I bring eight years of experience serving as a board member and risk committee member.

Board positions:

Chairman at Featherstone Capital Partners LLP

Let's Talk.

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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