THE MIDDLE EAST’S
32. Mohamed Hussain Al Nowais
Designation: Managing Director
Company: Waha Capital
Nationality: Emirati
Headquarters: UAE
Al Nowais assumed his current position in 2023. Waha Capital operates across public markets, private investments, and institutional-grade real estate with $3.31 billion in assets under management in 2025. In 2025, the firm sold the $144.3 million ALMARKAZ Industrial Development logistics and industrial assets to Aldar and exited from Optasia following the latter’s Johannesburg Stock Exchange listing, which yielded a 4x multiple on invested capital. Al Nowais also leads AMEA Power as Managing Director and serves as Executive Director at AlNowais Investments Company.