Sami Khoreibi

Sami Khoreibi (born 1980) is a Canadian-Palestinian businessperson based in Dubai. He founded and was chief executive officer (CEO) of Enviromena Power Systems from 2007 to 2017.[1][2] He is also a co-founder of Wisewell, where he is executive chairman, and of Incubayt, where he is CEO.

Previously, Khoreibi co-founded Candax, which was listed on the Toronto Stock Exchange.

Early life and education

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

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 home-water company, where he is executive chairman.[12]

References

  1. ^ a b c d e Todorova, Vesela. "Sun shines on a go-getter". The National.
  2. ^ a b "MEED | Sami Khoreibi". MEED. 6 January 2010.
  3. ^ Kane, Frank. "Solar power company Enviromena ready for its moment in the sun". The National.
  4. ^ "Environmena welcomes Masdar investment - Utilities Middle East". 13 January 2010.
  5. ^ Carvalho, Stanley (21 January 2016). "UAE's Enviromena sees sun shining for solar power in Mena region". Reuters.
  6. ^ a b "Funding sustainability in the Gulf: Sami Khoreibi, CEO, Incubayt Investments". Arab News. May 1, 2022.
  7. ^ "Solar Energy Stands Out in Field of Middle East's Top Leaders | Al Bawaba". www.albawaba.com.
  8. ^ Writer, Staff. "Arab.Power100.2016-99.Sami Khoreibi - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com.
  9. ^ Graves, LeAnne. "Masdar's Enviromena acquired by UK investor". The National.
  10. ^ Martins, Lena Dias (October 20, 2023). "Enviromena completes major equity raise of £65 million for UK solar PV projects". Solar Power Portal.
  11. ^ "Funding sustainability in the Gulf: Sami Khoreibi, CEO, Incubayt Investments". Arab News.
  12. ^ Ahmed, Zubina (November 2, 2022). "Interview with Sami Khoreibi and Sebastien Wakim, founders of Wisewell".
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