DUBAI: Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm’s biggest clients in the Middle East, has resigned, two sources familiar with the matter said.
Eldabag, a Dubai-based managing director at Goldman whose clients included Abu Dhabi investment fund Mubadala, resigned last week, the sources said. The sources were not aware of Eldabag’s plans but one said he would remain in the region. Goldman Sachs declined to comment. Goldman topped the rankings for announced M&A transactions in the Middle East, with deals worth $5.9bn in 2012.
Eldabag, who joined Goldman Sachs in 2007, advised on several high-profile deals, including the recent state-backed merger of property firms Aldar Properties and Sorouh Real Estate. Last year he also advised Mubadala on its $2 billion stake purchase in Brazil’s EBX, an investment holding company controlled by billionaire Eike Batista.Reuters
