Stonepeak is establishing its presence in the Kingdom of Saudi Arabia and expanding its commitment to the Middle East.
Two new senior investment professionals, Steven Ciobo and Fadi Kerbaj, will lead Stonepeak’s engagement on the ground in Riyadh, building on the firm’s establishment of an office in the Saudi Arabian capital and its receipt of its Ministry of Investment license to operate nonsecurities business activities in Saudi Arabia.
“Saudi Arabia is one of the world’s most exciting areas for infrastructure investment and innovation, with a unique combination of strong, ambitious, well-resourced leadership and a young, educated and fast-growing population,” said Mike Dorrell, CEO, chairman and co-founder of Stonepeak.
Ciobo joined Stonepeak in 2020 after serving in the Australian Parliament for nearly two decades and holding numerous senior roles as a cabinet minister, including minister for trade, tourism and investment; and minister for defense
