Endeavor UAE Announces Election of Nabyl Al Maskari as Chairman of the Board of Directors
Endeavor UAE announced today that Nabyl Al Maskari, Executive Chairman of Al Maskari Holding, has been elected as the new Chairman of Endeavor UAE’s Board of Directors after Badr Jafar, CEO of Crescent Enterprises, 3-year term as chairman comes to an end.
Al Maskari joined the Endeavor UAE Board of Directors in 2017 and has since been an active mentor to numerous scale-ups going through Endeavor’s rigorous selection process.
Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 60,000 individuals and selected more than 2,000 founders leading over 1,200 scale-up companies. With support from Endeavor’s worldwide mentor network, Endeavor Entrepreneurs have created over 3 million jobs, generate more than $20 billion in revenue each year, and inspire future generations to innovate and take risks, building strong entrepreneurship ecosystems in growth markets. Headquartered in New York City, Endeavor currently operates in 35+ growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America.
Endeavor UAE was established in 2013 and has since selected 48 Entrepreneurs leading 31 scale-up companies. Endeavor UAE portfolio companies have generated over USD 1Bn in revenues in 2018 alone and created more than 7,400 job collectively.
Al Maskari thanked his predecessor for his leadership and said: “Badr Jafar has been a fantastic steward of our board, an advocate for our entrepreneurs, and a steady hand as we have grown from our founding board members to where we sit today at an inflection point to grow further”.
On Endeavor’s role as a catalyst of the entrepreneurial ecosystem in the UAE, Al Maskari added: “Endeavor empowers entrepreneurs to achieve their ventures’ full impact potential. Our international network of offices, mentors, and advisors across 37 markets provides our UAE entrepreneurs a gateway to cross-border support and opportunities. However, the ability to scale to a market’s evolving needs or to expand a company’s scope into new products or services is often linked to accessing timely capital. To address this, Endeavor’s Catalyst Fund is a global co-investment vehicle available to all our entrepreneurs on matching terms to a lead institutional investor. These principal support mechanisms are underpinned by the shared commitment of the Endeavor UAE Board to ensure the sustainable impact on our community, economy, and entrepreneurship ecosystem."
Over the past three years, Endeavor saw new members join its board including Majed Al Suwaidi of Tecom Group, Najla Al-Midfa of the Sharjah Entrepreneurship Center, and, most recently, Hani Barhoush Executive Director of Mubadala Capital. These strategic partnerships extend Endeavor’s reach across the north and south of the UAE thus providing founders of rapidly growing companies with access to the support they need to multiply their impact.