Malaz Capital has a vast and proprietary network of contacts


  • Ghiath Refai is the Managing Director of Private Equity and he is responsible for the Malaz Capital Fund Portfolio. 
  • Prior to joining Malaz Capital, Ghiath was Senior Vice President of GulfMerger based in Riyadh, where he was responsible for origination and execution of KSA based transactions. Ghiath was previously one of the founding members of Morgan Stanley Saudi Arabia’s Investment Banking team, which was established in 2007, prior to which he managed Ahli United Bank’s Banking platform focused on Tourism, Transportation, and Financial Services companies across the Gulf.
  • Ghiath has over 17 years of experience encompassing fund management and advising a large number of leading regional companies on financing and strategic options, in addition to multinational companies operating in or seeking to enter the GCC. Ghiath has also worked on numerous debt and equity capital raisings, and been extensively involved in mergers and acquisitions, debt restructuring, and privatization advisory mandates in the Region.


  • Masters Degree in Business Administration from the Cass Business School, London
  • Bachelors Degree in Business Administration from the American University in Beirut
  • Chartered Financial Analyst

Ghiath Refai
Managing Director, Private Equity