ABU DHABI, UAE – 30 August 2020: Following the consolidation of Mubadala’s financing, leasing and MRO businesses to create Sanad Group, the company has now announced the appointment of its leadership who will be tasked with the goal of delivering integrated and comprehensive solutions for its global client base through Sanad Aerotech, Sanad Powertech and Sanad Capital.

Troy Lambeth has been appointed as Group Chief Executive Officer (GCEO) and will continue to serve as CEO of Sanad Capital, which he has led since its launch in 2009. Mansoor Janahi has also been appointed as the Deputy Group CEO (DCEO), and will continue to serve as CEO of Sanad Aerotech and Sanad Powertech, which he has led since March 2018. These appointments reinforce Mubadala’s aspirations for positioning Abu Dhabi as a global aerospace ecosystem that is driven by home grown talent.

Badr Al Olama, Chairman of Sanad, and Executive Director of Aerospace at Mubadala said: “Troy and Mansoor have been instrumental to Sanad’s growth and development. As a group, the combined companies will complement each other to deliver a range of comprehensive services and solutions that meet the challenges of a challenging sector. With significant developments that are taking place through fourth industrial revolution technologies, we are seeing new business models that are driven by major customer expectations. This requires us to integrate our offering and capitalize on our combined past achievements to deliver high quality innovative solutions that creates value for customers.”

Sanad integrates the synergies of Sanad Aerotech, the specialist aircraft engine maintenance, repair, and overhaul (MRO) service provider; Sanad Capital, the dedicated aircraft engine and components leasing service provider; and Sanad Powertech, the energy and industrial MRO service provider. As a group, Sanad is becoming an aviation services powerhouse well positioned to provide comprehensive solutions that support the needs of its customers.

The group’s launch in November 2019 was designed to build on Mubadala’s Aerospace investments in engineering and leasing solutions excellence. The company will also focus on adopting new technologies such as Artificial Intelligence (AI), automation and big data to bring transformative change to the aerospace and aviation sector.

Since 2016, Sanad has experienced significant growth, serving an expanding global customer base from its headquarters in Abu Dhabi. Major deals include the landmark AED 23.8 billion (USD 6.5 billion) engine maintenance agreement with Rolls Royce for Sanad Aerotech, the award of a major contract of MRO services for Shams Power Company to Sanad Powertech and the delivery of the final tranche of a AED 1 billion (USD 280 million) engine leasing deal with Etihad Airways through Sanad Capital.