Sami Khoreibi
Sami Khoreibi (born 1980) is a Canadian-Palestinian businessperson based in Dubai. He founded and served as its chief executive officer (CEO) of Enviromena Power Systems from 2007 to 2017.[1][2] He is also a co-founder of Wisewell, where he serves as executive chairman, and of Incubayt, where he serves as CEO.
Previously, Khoreibi co-founded Candax, which was listed on the Toronto Stock Exchange.
Early life and education
[edit]Khoreibi was born in 1980 in Saudi Arabia to Palestinian parents and grew up in Toronto, Canada.[1] He earned a bachelor's degree in economics, with a minor in psychology, from the University of Western Ontario.[1]
Career
[edit]After graduating, Khoreibi co-founded Candax Energy, an upstream oil-and-gas company that was listed on the Toronto Stock Exchange in 2005.[1][2]
In 2007, Khoreibi founded Enviromena in Abu Dhabi, identifying regional opportunities in solar energy following Masdar's establishment.[1][3] Enviromena received venture capital funding from Masdar, Good Energies, and zouk Ventures.[4] During his tenure, Enviromena constructed more than 45 solar plants across nine countries in the Middle East and North Africa, secured contracts valued at approximately US $700 million, and developed the Gulf region's first utility-scale photovoltaic plant in Masdar City.[5][6][7]
In 2012, Khoreibi was recognized as one of the five Arab Innovators by the MIT Technology Review.[8]
In 2017, Khoreibi oversaw the sale of Enviromena to Arjun Infrastructure Partners.[9] Following the acquisition, Enviromena expanded operations into the United Kingdom, completing its first UK solar farm in 2023 and raising £65 million to fund a 500 MW development pipeline.[10]
In 2019, Khoreibi established Incubayt Investments, which invests in sustainability-focused startups.[6][11] In 2021, he co-founded Wisewell, a smart home-water company, where he currently serves as executive chairman.[12]
References
[edit]- ^ a b c d e Todorova, Vesela. "Sun shines on a go-getter". The National.
- ^ a b "MEED | Sami Khoreibi".
- ^ Kane, Frank. "Solar power company Enviromena ready for its moment in the sun". The National.
- ^ https://www.utilities-me.com/news/article-343-environmena-welcomes-masdar-investment
- ^ https://www.reuters.com/article/business/environment/uaes-enviromena-sees-sun-shining-for-solar-power-in-mena-region-idUSKCN0UZ0WN/
- ^ a b "Funding sustainability in the Gulf: Sami Khoreibi, CEO, Incubayt Investments". Arab News. May 1, 2022.
- ^ "Solar Energy Stands Out in Field of Middle East's Top Leaders | Al Bawaba". www.albawaba.com.
- ^ Writer, Staff. "Arab.Power100.2016-99.Sami Khoreibi - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com.
- ^ Graves, LeAnne. "Masdar's Enviromena acquired by UK investor". The National.
- ^ Martins, Lena Dias (October 20, 2023). "Enviromena completes major equity raise of £65 million for UK solar PV projects". Solar Power Portal.
- ^ "Funding sustainability in the Gulf: Sami Khoreibi, CEO, Incubayt Investments". Arab News.
- ^ Ahmed, Zubina (November 2, 2022). "Interview with Sami Khoreibi and Sebastien Wakim, founders of Wisewell".