Neo Capital, a prominent global real estate investment management firm, is pleased to announce the appointment of Babak Sultani as its Chief Executive Officer (CEO). Babak will be headquartered in Dubai, United Arab Emirates, and will assume his new role with immediate effect.
As CEO, Babak will undertake the responsibility of fortifying Neo Capital’s market presence with the goal of expanding the company’s assets under management. Neo Capital aims to elevate its assets from approximately US$1 billion to US$3 billion in the medium term. Furthermore, Babak will lead initiatives aimed at broadening the company’s investor base within the GCC countries. He will also spearhead acquisitions and asset management endeavors to ensure optimal company performance and value creation for investors and shareholders.
Babak Sultani brings over 25 years of real estate investment experience to Neo Capital. Prior to joining the company, he served as the General Manager of the Real Estate Group at Investcorp, successfully growing Investcorp’s real estate assets under management to over $10 billion. His career also includes senior roles 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.
Hani Obaid, Founder and Chairman of Neo Capital, expressed his satisfaction with the appointment, stating, “We are pleased to welcome the new CEO, Babak Sultani. His extensive experience in the real estate sector, coupled with his strategic and leadership skills, will play a pivotal role in Neo Capital’s growth in the next phase. This appointment will enhance our structure and further focus on customer service.”
Babak Sultani, the newly appointed CEO, added, “I eagerly anticipate joining Neo Capital at this juncture in its growth journey. The timing aligns perfectly with market conditions, and I see substantial potential and opportunities to enhance the company’s growth trajectory. With an integrated and highly experienced team, we possess the requisite skills to achieve our strategic objectives and capitalize on opportunities to create value for our clients.”
Established in 2015, Neo Capital manages assets valued at approximately $1 billion and boasts a proven track record in real estate investments across the United States, Western Europe, and the United Kingdom. The firm recently acquired Liverpool’s Royal Albert Docks, a historic site and tourist attraction in the UK.
Neo Capital was founded with the objective of leading unique investment opportunities in the global real estate market, instilling confidence in investors seeking high returns. The firm aims to be the largest and most trusted partner in providing direct investment opportunities, catering to both novice and experienced investors, business owners, CEOs, and financial advisors looking to diversify their investment portfolios.