Kamal Bahamdan

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Kamal Bahamdan
Hessischen Ministerpräsidenten Kamal Abdullah Bahamdan with Cézanne 2013.jpg
Kamal Bahamdan, CEO of Safanad
Personal information
Birth nameKamal Abdullah Bahamdan
NationalitySaudi Arabian
Born (1970-02-12) 12 February 1970 (age 51)
Alma materBoston University
Sport
Country Saudi Arabia
SportEquestrian
Medal record
Equestrian
Representing  Saudi Arabia
Olympic Games
Bronze medal – third place 2012 London Team jumping

Kamal Bahamdan (born 12 February 1970) is a Saudi Arabian businessman and equestrian.[1][2][3][4][5]

Early life[]

Kamal was born in Riyadh, after attending high school he graduated in 1994 from Boston University with a Bachelor of Science in Manufacturing Engineering.[6][7]

Career and controversies[]

He is CEO and vice-chairman of the , established in the 1940s by his grandfather in Makkah.[8][9] It was incorporated in the 1950s in Riyadh by his father the former MD and Chairman of the National Commercial Bank (NCB) of Saudi Arabia, which was at the time the Arab world's largest bank.[8][9] Since foundation, the Group has made more than 250 investments in a range of markets and sectors across the Middle East, Europe, Asia and the United States.[8][9] With his father now acting as chairman, under Kamal's management the Group expanded its investment operations, and presently has investments in over 130 companies employing over 8,000 people.[1][9]

In 2009, Bahamdan, with the backing of the Bahamdan Group, formed the global principal investment firm [1]

Kamal Bahamdan on Noblesse Des Tess, competing in the 2013 Longines Global Champions Tour

In March 2014, Safanad and sold a portfolio of 43 senior housing facilities and 37 skilled nursing facilities to for $1.05Bn.[10][11]

In June 2014, Safanad and Ron Packard, education company K12 Inc. founder and former CEO, announced the launch of a new education company, Pansophic Learning.[12] Upon establishment, the company immediately acquired from K12 Inc. several assets including licenses to curriculum and technology, an international brick and mortar private school, a higher education platform business and the K12 business in the Middle East.[13] P Bahamdan is also co-founder of the Al-Khabeer Merchant Finance Corporation (est.2007), and was Managing Partner and co-founder of Washington DC-based international investment firm BV Group (est. 1995).[1][2] In 2012 he was awarded the King Abdulaziz Order of Merit First Class and in 2006 was named a Forum of Young Global Leaders in business by the Forum of Young Global Leaders, an affiliate organisation of the World Economic Forum.[6][14]

Safanad is also the owner of HC-One, an elderly care home provider working in the UK.[15] A BBC Panorama investigation highlighted how private-equity investors such as Kamal Bahamdan negatively impact certain sectors of the economy, by diverting company money to finance expensive debts introduced by the investor. Companies part of HC-One's corporate structure have faced administration due to the high cost of servicing its debt, ultimately funnelling money obtained through considerable care fees placed on vulnerable residents towards Safanad and Kamal Bahamdan, while providing poor quality of care.[15]

Show jumping[]

Wiesbaden 2013

Bahamdan is also a sports champion.[16]

Riding since the age of seven, he took further riding lessons in the United Kingdom every summer,[8] and then started competing in local equestrian events, often against compatriots Ramzy Al-Duhami and Khaled Al-Eid.[3] Whilst studying then working in finance in the United States he competed on the East Coast circuit, where he came to the attention of , now managing director of Saudi Equestrian.[3] In 2004, he moved his riding base to Valkenswaard, Netherlands, making his international competition debut in the same year, but competing only on a part-time basis.[3]

After winning the team and individual gold at the 2004 Pan Arab Games, he won the team gold and individual silver medal at the 2011 Pan Arab Games in Doha.[3] Having competed at the Summer Olympics in 1996, 2000, 2004, 2008,[3][4] after the 2010 FEI World Equestrian Games in Kentucky, he decided to concentrate full-time in the lead-up to the 2012 Summer Olympics in London, England, working with Jan Tops.[17] With the Saudi team coached by Stanny Van Paesschen, the team won bronze and Bahamdan came fourth in the individual event.[3][4][7][17][18] He has since entered the Longines-sponsored Global Champions Tour, winning the 2013 Riyadh Grand Prix with Noblesse des Tess.[5]

In 2013 he was appointed to the International Federation for Equestrian Sports (FEI) Jumping committee, for an initial four-year period.[19] In February 2014 he was named runner up in the , presented by Prince Nawaf bin Faisal.[20]

References[]

  1. ^ a b c d "Kamal Bahamdan". Business Week. Retrieved 9 June 2014.
  2. ^ a b "Kamal Bahamdan". World Economic Forum. Retrieved 9 June 2014.
  3. ^ a b c d e f g "Kamal Bahamdan". Saudi Equestrian. October 2012. Retrieved 9 June 2014.
  4. ^ a b c "Kamal Bahamdan". Sports Reference LLC. Archived from the original on 18 April 2020. Retrieved 6 August 2012.
  5. ^ a b "Kamal Bahamdan". Global Champions Tour. Retrieved 9 June 2014.
  6. ^ a b "10 Questions with Kamal Bahamdan". EMEL. October 2012. Retrieved 9 June 2014.
  7. ^ a b "Boston University winning Olympians". Boston University. 10 August 2012. Retrieved 9 June 2014.
  8. ^ a b c d Craille Maguire Gillies (2013). "Profile - Kamal Bahamdan" (20). Experience magazine/Bombardier Aerospace: 47–49. Cite journal requires |journal= (help)
  9. ^ a b c d "About Us". . Archived from the original on 10 August 2014. Retrieved 9 June 2014.
  10. ^ "Formation Capital and Safanad to Sell $1 Billion Healthcare Real Estate Portfolio". . 14 March 2014. Retrieved 9 June 2014.
  11. ^ Tess Stynes (17 March 2014). "Northstar Realty Buys $1.05B Health-Care Portfolio From Formation, Safanad". Dow Jones. Retrieved 9 June 2014.
  12. ^ "Ron Packard Leaves K12 Inc., Starts New Global Education Company". Education Week. 13 June 2014.
  13. ^ "Safanad and Ron Packard, Founder of K12 Inc., Launch Pansophic Learning and Acquire Assets from K12 to Pursue Global Education Opportunities". MarketWatch. 13 June 2014.
  14. ^ "List of 2006 Young Leaders Honourees". Weforum.org. Archived from the original on 13 August 2014. Retrieved 9 June 2014.
  15. ^ a b Alison Holt, Social Affairs Editor (6 December 2021). "Care homes: Following the money trail". BBC News. Archived from the original on 6 December 2021.
  16. ^ Yon, Walls. "Fortitude: Values That Make Leaders on the Sporting Field and in the Boardroom". Business2Community.
  17. ^ a b "Interview: Kamal Bahamdan". World of Show Jumping. 23 October 2012. Archived from the original on 8 August 2014. Retrieved 9 June 2014.
  18. ^ "Kamal Bahamdan". BBC Sport. 13 August 2012. Retrieved 9 June 2014.
  19. ^ "Kamal Bahamdan - new member of FEI Jumping committee" (PDF). horsetimesegypt.com. Retrieved 9 June 2014.
  20. ^ "Sports excellence award for Saudi showjumper Kamal Bahamdan". Horsetalk.co.nz. 27 February 2014. Retrieved 9 June 2014.

External links[]

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