Other Corporate Investments

Sector: Telecom
Company: Kalaam Telecom


A fully licensed Telecommunications operator based in the Kingdom of Bahrain, offering advanced voice, internet, data and value added services to residential and business customers.

Headquartered in Bahrain, Kalam is a partnership between Kalaam Limited and the Shoaibi Group.

Kalaam Limited was formed in 2003 to capitalize on business opportunities in the deregulated telecom Bahrain market; it has partnered with Australia-based Telstra in bidding for the second GSM license in Bahrain.

The executive management team has diverse and extensive experience in the deregulated telecom industry within global enterprises and start-up organizations. The Board includes leading businessmen from Bahrain, the gulf and Europe, providing extensive experience and sound business acumen.

Kalaam has a comprehensive range of Telecom licenses enabling them to provide a wide range of tailored communication services..

  • • National Fixed License
  • • International Services Provider License
  • • Value Added Services License
  • • Internet Service Provider License
  • • Wi-Fi License

In 2004 the Shoaibi Group bid for the 2nd Mobile License in Saudi in conjunction with Telecom Italia.

Head Office:
P.O. Box 21421, Manama,
Kingdom of Bahrain,
Phone: 8001 8001; Fax: (+973) 1756 4766

Sector: Heavy Machinery & Industry
Company: Hydrex


In March, 2006 the Shoaibi Group and Quilvest arranged for a Leveraged Buyout of Hydrex in the United Kingdom. Quilvest, our partner in this deal, is a global institution, listed on the Luxembourg Stock Exchange, and has a long history in wealth management and private equity.

Founded in 1985 Hydrex is the UK leader in the rental of very heavy and heavy equipment for the Materials Handling and Rail services industries. It specializes in the short term rental, contract rental and sale of mobile plant and equipment within the rail, industrial, extraction and construction industries. The business is divided into divisions which are supported by a national network of depots, each with a team of dedicated mobile service engineers. Hydrex provides tailored solutions and typical services include specifying and supplying mobile plant, providing trained operators with the necessary licenses maintaining the equipment through a national depot network and ensuring compliance with all health and safety matters.

Hydrex has a fleet of over 1,200 machines available from 13 depots nationwide and a total of over 800 employees.

Head Office:
Phone:01275 399 400;

Sector: Insurance
Company: Wala'a Insurance

Wala'a Insurance

The Shoaibi Group took part as founder investors in Saudi United Cooperative Insurance Company. Saudi United Cooperative Insurance will conduct business as Wala'a Insurance i.e. Wala'a Insurance is the trademark of Saudi United Cooperative Insurance Company. It is a specialist insurance company focused on business risks and for corporate entities and government agencies.

Wala'a is among the very first insurance companies to be licensed by the Saudi Arabian Monetary Agency (SAMA) under the new regulations for the licensing & governance for insurers operating within the Kingdom of Saudi Arabia.

Its name may be new, but it has commenced operations with an experienced workforce and a strong portfolio of commercial business acquired from another insurer who had been in business in the kingdom for several years.

With new shareholders, new, professionally qualified management and a strategic vision to serve only Saudi Arabia's larger businesses and enterprises, Wala'a is positioned as the quality insurer.

Head Office:
Rabiah & Nasser Bldg,
Dhahran Street,
P.O. Box 31616,
Al-Khobar 31952, K.S.A.
Phone: 966-3-865 2200;
Fax: 966-3-865 2255

Sector: Financial Services
Company: Saffar Capital

Saffar Financial Services

SAFFAR is a regional financial services company focused on direct investments in early stage business opportunities. Saffar has extensive experience building successful corporate entities such as ABQ Zawya and Credit Suisse Saudi Arabia. Via its advisory and venture capital activities, Saffar assists entrepreneurs and family-owned companies to launch new businesses or scale an existing interest regionally.

Head Office:
P.O. Box 211495,
Dubai, United Arab Emirates
Switchboard: +971 4 314 8555
Fax: +971 4 397 7090

Sector: Financial Services
Company: Oakfield Capital Partners

Oakfield Capital Partners

Oakfield Capital provides private equity funding and corporate finance advise to UK based Companies.Oakfield Capital Partners are a team of entrepreneurial individuals who provide corporate finance advice, fundraising assistance and direct investment into growing UK companies.

It aims to help management teams achieve significant capital gains by providing equity capital, helping to unlock potential, and building solid relationships throughout the business.

Head Office:
Oakfield Capital Partners LLP
GreyHound House,
23-24 George Street, Richmond
Surrey, TW9 1HY
Tel: 020 7084 7271
Fax: 020 8948 8057