Makan Capital Group Appoints Samer Wahbeh Director of the Property Development Fund and Acting CFO

    ABU DHABI, United Arab Emirates, March 3 /CNW/ -- Makan Capital Group,
(MCG), a prominent real estate private equity group and investment banking
firm announced today that industry veteran Samer Wahbeh has been named
Director of the Property Development Fund and acting Chief Financial Officer.
    Before joining MCG, Mr. Wahbeh was Chief Financial Officer at SinoGulf
Investments where he led the accounting, treasury, debt raising, MIS and DIFC
financial reporting functions. Prior, he served as a senior manager at
PriceWaterhouseCoopers (PwC), where he headed the financial due diligence team
and executed financial transactions and valuations worth several billion
dirham.  Mr. Wahbeh has extensive knowledge of the airline, transportation,
real estate and financial services sectors and has worked closely with
investment banks and corporate investors while based in Abu Dhabi.
    "Mr. Wahbeh brings unique and invaluable local experience to our firm in
addition to his in depth understanding of the regional and global investment
marketplace," said Steve Koinis, Managing Director and Chief Executive Officer
of Makan Capital Group.  "We value his very disciplined consulting, audit and
due diligence approach to investing and are honored to have him on our
executive team."
    Other previous experience includes the areas of audit, business risk
services and business advisory for KPMG and Arthur Andersen. He earned his BSC
degree in accounting and business administration from the University of Jordan
and is a Certified Public Accountant, Certified Management Accountant and is
currently a level three candidate for the Chartered Financial Analyst program.
    For more information, visit
    Makan Capital Group, (MCG), is a premier, Sharia'a compliant, private
equity firm in the GCC region generating demonstrably superior investment
products and real estate opportunities. The Firm's strategy is to focus on the
banking, commercial, residential, hospitality and tourism sectors while
capitalizing on its significant network of resources, asset and partnerships.
MCG is headquartered in Abu Dhabi, UAE, with offices in Riyadh, Saudi Arabia
and Newport Beach, California (US).

For further information:

For further information: Rick Keating of Keating & Co., +1-212-433-1370,
 +1-917-767-2400,, for Makan Capital Group Web Site:

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