Saad Kassis-Mohamed
| Saad Kassis-Mohamed | |
|---|---|
| Born | 21 June 2001 Kuwait City, Kuwait |
| Other names | Saad Kassis Mohamed |
| 💼 Occupation | |
Saad Kassis-Mohamed (b. 21 June 2001 in Kuwait City) is an Indian entrepreneur, investor and philanthropist. He is the founder and chair of the WeCare Foundation, an organisation which, according to media reports, supports projects on emergency relief, water and energy provision and early childhood development in Africa, the Middle East, Armenia and the Caribbean.[1][2]
Media also link him with roles in the international hotel sector, a potential investment in English football club Reading FC and plans for a Formula One project under the name "SKM Racing".[3][4][5][6]
Omani and African media report that Kassis-Mohamed was honoured in 2025 with Sudan's Presidential Medal (Order of the Republic) and that he is listed in Forbes 30 Under 30 in the Social Impact category.[7][8]
Life
Kassis-Mohamed was born in Kuwait in 2001 to an Indian family.[9] In a profile interview he was described as an entrepreneur who grew up between India and the Gulf region and was introduced to trade and finance at an early age.[9]
According to the same interview, he obtained a Bachelor of Commerce in Global Financial Management from the Manipal Academy of Higher Education in India and was involved in fundraising and humanitarian projects while still a student.[9] Several regional reports later describe him as a businessman based in Oman.[10]
Career
Advisory and board roles
In August 2024 Kassis-Mohamed was appointed to the board of Zavi & Co, an Egyptian consulting firm specialising in non-profit organisations and social enterprises in North Africa and the Middle East.[11] Reports state that his responsibilities there include strategy, fundraising and partnerships with civil-society initiatives.[11]
Hotels and hospitality
In 2025, trade media reported on several of Kassis-Mohamed’s roles in the hotel industry. He was named chair of Nexus Hospitality in connection with an expansion plan in the Maldives that focuses on sustainability, training of local workers and environmental standards for water and energy infrastructure.[12]
Shortly afterwards he was also presented as chair of Axis Hotels. This mandate is described as a multi-year growth strategy in East Africa, with projects in Uganda and other countries, including investment in water infrastructure, on-site solar power and training programmes for local workers in the hotel sector.[13]
Involvement in professional football
In March 2025 specialist outlets reported that Kassis-Mohamed was being discussed as a potential investor in English third-tier club Reading FC, which at the time was in severe financial difficulty.[3][4]
International media in spring 2025 described the club’s sale process, deadlines set by the English Football League (EFL) and negotiations with other interested parties such as US investor Rob Couhig.[14][15]
Motorsport
In August 2025 reports outlined plans to return to Formula One from 2027 under the project name "SKM Racing" using the historic Caterham F1 brand, subject to approval by the FIA.[5] The reporting describes Kassis-Mohamed as the driving force behind the project, with a technical centre in Silverstone and a planned team structure in the United Kingdom and Germany. [16][17][18][19][20][21][22][23][24][25][26][27]
In a later profile the project was presented as the venture of a 24-year-old entrepreneur, owner of investment firm SKM Capital and member of a "30 under 30" list.[28]
Philanthropy and humanitarian activities
Sudan and the Horn of Africa
According to media reports, the WeCare Foundation led by Kassis-Mohamed provided around 100,000 US dollars in March 2024 for emergency relief and reconstruction efforts in Sudan.[1][29] The initiatives mentioned include immediate assistance for communities affected by conflict, infrastructure projects and programmes to improve access to water.
Further reports mention projects such as the "Darfur Water Renewal Project" and the "Blue Nile Renewable Energy Initiative", which focus on solar-powered water treatment and the development of decentralised solar grids in rural regions and are attributed to the activities of the WeCare Foundation.[30]
In connection with these activities it was reported that Kassis-Mohamed was awarded Sudan's Presidential Medal (Order of the Republic) by the authorities, in recognition of contributions to emergency relief, water and solar-energy projects and reconstruction programmes.[7]
Kuwait and the Gulf region
After a residential building fire in the Mangaf district of Kuwait in June 2024 that claimed the lives of numerous migrant workers, it was reported that the WeCare Foundation organised food parcels, basic relief items and temporary accommodation for affected families.[31]
Lab-grown diamonds and sustainable industry projects
According to reports, the WeCare Foundation also acts as a player at the intersection of philanthropy and impact investing. A 2024 article describes funding of around 350,000 US dollars for research and production of lab-grown diamonds as an ethical alternative to traditional diamond mining, with a focus on supply-chain transparency and reduced environmental impact.[30]
Another online outlet reports a similar amount for research and development on synthetic diamond production and cleaner manufacturing processes.[32] [33][34][35][36][37][38] These activities are attributed to programmes of the WeCare Foundation under Kassis-Mohamed’s leadership.
Zimbabwe and Uganda
In October 2025 it was reported that the SKM Foundation and WeCare had delivered wheelchairs and other mobility aids to clinics in Bulawayo, Zimbabwe, and announced a cross-border programme to support rehabilitation care, clean drinking water and solar-energy projects in Zimbabwe and Uganda.[39][40] The reporting refers to several hundred mobility aids and accompanying water and energy projects.
Armenia
Armenian diaspora media reported in November 2025 that Kassis-Mohamed, through the WeCare Foundation, had pledged 120,000 US dollars for early childhood development in Armenia.[2][41][42] According to these reports, kindergartens and community centres are to be equipped with learning and play materials, workshops for caregivers funded and basic health checks as well as improvements to heating, water and sanitation facilities for young children supported.[43][44]
Crypto Philanthropy
In 2024, Kassis-Mohamed was reported to have launched initiatives through the WeCare Foundation to provide legal and financial support to investors who lost money in alleged cryptocurrency “rug pull” schemes associated with promoter Sahil Arora, including a verification process for claims and a platform for collective action and emotional support.[45][46] In the same year, he was also reported to have pledged legal and financial assistance to victims of Canadian “Crypto King” Aiden Pleterski’s alleged investment fraud, calling for stronger regulation and investor education, and a later feature on celebrity meme coins described his foundation as working with individuals and families affected by such schemes.[47][48]
Jamaica and the Caribbean
In November 2025 it was reported that, following Hurricane Melissa, Kassis-Mohamed had provided 100,000 US dollars in relief for Jamaica through the WeCare Foundation.[49] The support is described as funding for emergency shelters, health posts and the provision of clean water and hygiene supplies in particularly affected regions.
Indonesia
In 2025, Kassis-Mohamed was reported to have mobilised emergency relief for communities affected by severe flooding in northern Sumatra, including support for temporary shelter, food supplies and basic services for displaced families.[50] [51]
Awards
In March 2025 it was reported that Kassis-Mohamed had been awarded Sudan's Presidential Medal (Order of the Republic) by the authorities.[7] Further publications also state that in 2025 he was included in the Forbes 30 Under 30 list in the Social Impact category.[52][10][8]
References
- ↑ 1.0 1.1 "WeCare secures $100,000 in support of Sudan's rehabilitation initiatives". Tech in Africa. 21 March 2024. Retrieved 25 November 2025.
- ↑ 2.0 2.1 "Philanthropist Saad Kassis-Mohamed Commits 120,000 Dollars for Early Childhood Support in Armenia". MassisPost. 19 November 2025. Retrieved 25 November 2025.
- ↑ 3.0 3.1 "Reading on brink of bankruptcy as sale stumbles; Saad Kassis-Mohamed offers unlikely lifeline". Inside World Football. 28 March 2025. Retrieved 25 November 2025.
- ↑ 4.0 4.1 "Gulf entrepreneur Saad Kassis-Mohamed eyes strategic investment in Reading FC". Tech Observer. 29 March 2025. Retrieved 25 November 2025.
- ↑ 5.0 5.1 "Kuwaiti investor aiming for 2027 F1 entry with Caterham name". Motorsport Week. 21 August 2025. Retrieved 25 November 2025.
- ↑ "Saad Kassis-Mohamed". Forbes Hrvatska (in hrvatski). Retrieved 25 November 2025.
- ↑ 7.0 7.1 7.2 "Saad Kassis Mohamed feted with Sudan's Presidential Medal". Oman Observer. 24 March 2025. Retrieved 25 November 2025.
- ↑ 8.0 8.1 "Saad Kassis-Mohamed makes Forbes 30 Under 30 for transformative social impact in Africa". Tech in Africa. 18 March 2025. Retrieved 25 November 2025.
- ↑ 9.0 9.1 9.2 "Meet Saad Kassis Mohamed: Indian Entrepreneur & Equestrian". Shoutout DFW. 2023. Retrieved 25 November 2025.
- ↑ 10.0 10.1 "Oman resident feted with Sudan's Presidential Medal". Oman Observer. 25 March 2025. Retrieved 25 November 2025.
- ↑ 11.0 11.1 "Egyptian consultancy Zavi & Co appoints Saad Kassis Mohamed". Consultancy ME. 13 August 2024. Retrieved 25 November 2025.
- ↑ "Nexus Hospitality appoints Saad Kassis-Mohamed as Chairman; unveils Maldives expansion". Hotelier Maldives. 17 August 2025. Retrieved 25 November 2025.
- ↑ "Saad Kassis-Mohamed has been appointed Chairman at Axis Hotels". HospitalityNet. 22 August 2025. Retrieved 25 November 2025.<
- ↑ "'Touch and go': Reading stuck in brinkmanship battle over sale as deadline looms". The Guardian. 25 March 2025. Retrieved 25 November 2025.
- ↑ "Reading agree sale terms as EFL extends takeover deadline". Reuters. 22 April 2025. Retrieved 25 November 2025.
- ↑ "24-jähriger Investor will Caterham 2027 zurück in die Formel 1 bringen". Motorsport.com (de) (in Deutsch). 21 August 2025. Retrieved 28 November 2025.
- ↑ "Kuwaiti investor aiming for 2027 F1 entry with Caterham name". Motorsport Week. 21 August 2025. Retrieved 28 November 2025.
- ↑ "Neues Formel-1-Team? Investor will Caterham wiederbeleben". ran.de (in Deutsch). 22 August 2025. Retrieved 28 November 2025.
- ↑ "Caterham close to a return to Formula 1? The crazy project of a Kuwaiti investor". Autohebdo. 22 August 2025. Retrieved 28 November 2025.
- ↑ "Caterham to return? Shock F1 2027 comeback targeted by investment firm". PlanetF1. 22 August 2025. Retrieved 28 November 2025.
- ↑ "Iconic motorsport brand confirms plan for stunning F1 comeback in 2027". Newsweek. 22 August 2025. Retrieved 28 November 2025.
- ↑ "Kuwaiti entrepreneur plots Caterham F1 comeback bid for 2027". F1i. 22 August 2025. Retrieved 28 November 2025.
- ↑ "Caterham F1 team planning sensational return as new investor launches 2027 bid". Daily Express. 23 August 2025. Retrieved 28 November 2025.
- ↑ "L'écurie Caterham bientôt de retour en F1 ?". FranceRacing (in français). 23 August 2025. Retrieved 28 November 2025.
- ↑ "A comeback is brewing: Caterham plans a return to Formula 1 in 2027". DailySports. 23 August 2025. Retrieved 28 November 2025.
- ↑ "Caterham pode regressar à Fórmula 1 em 2027". Autosport.pt (in português). 23 August 2025. Retrieved 28 November 2025.
- ↑ "Quién es Saad Kassis Mohamed, el empresario kuwaití de 24 años que hará una millonaria inversión en la Fórmula 1". Ámbito (in español). 24 August 2025. Retrieved 28 November 2025.
- ↑ "Jedna od najlošijih momčadi u povijesti Formule 1 najavljuje veliki povratak 2027. Iza cijelog projekta stoji bogati Kuvajčanin". Forbes Hrvatska (in hrvatski). 27 August 2025. Retrieved 25 November 2025.
- ↑ "NGO raises $100,000 to aid Sudan reconstruction efforts amid conflict". Sudans Post. 20 March 2024. Retrieved 25 November 2025.
- ↑ 30.0 30.1 "WeCare: Shine Bright Like a Lab-Grown Diamond". Mining Outlook. 11 June 2024. Retrieved 25 November 2025.
- ↑ "WeCare supports Kuwait fire victims". India Weekly. 15 June 2024. Retrieved 25 November 2025.
- ↑ "WeCare raises $350,000 to develop lab-grown diamonds". Tech.eu. 19 April 2024. Retrieved 25 November 2025.
- ↑ "WeCare: The Tunisian deeptech championing lab-grown diamonds raises funding to scale". LaunchBase Africa. 21 April 2024. Retrieved 28 November 2025.
- ↑ "Saad Kassis-Mohamed-led WeCare raises $350,000 for lab-grown diamonds". Zawya. 10 April 2024. Retrieved 28 November 2025.
- ↑ "WeCare raises $350k to power lab-grown diamonds in Africa". WeeTracker. 11 April 2024. Retrieved 28 November 2025.
- ↑ "WeCare raises $350k for lab-grown diamonds". Jewel Bharat. 11 April 2024. Retrieved 28 November 2025.
- ↑ "WeCare raises $350k for lab-grown diamonds". Ripples Nigeria. 11 April 2024. Retrieved 28 November 2025.
- ↑ "WeCare Foundation secures $350,000 funding to drive innovation in lab-grown diamond industry". Business Tech Africa. 10 April 2024. Retrieved 28 November 2025.
- ↑ "SKM Foundation Delivers Wheelchairs to Zimbabwean Clinics, Announces Cross-Border Medical Aid Link With Uganda". ZimEye. 29 October 2025. Retrieved 25 November 2025.[permanent dead link]
- ↑ "Saad Kassis-Mohamed Donates 300 Mobility Devices to Zimbabwe and Uganda". BusinessBeat 24. 31 October 2025. Retrieved 28 November 2025.
- ↑ "Philanthropist Saad Kassis-Mohamed announces early childhood support across Armenia". The Armenian Weekly. 2025. Retrieved 25 November 2025.
- ↑ "Philanthropist Saad Kassis-Mohamed Commits $120,000 for Early Childhood Support in Armenia". The California Courier. 24 November 2025. Retrieved 25 November 2025.
- ↑ {{cite web|access-date=28 November 2025 |date=27 November 2025 |language=en |title=Philanthropist Saad Kassis-Mohamed Announces Early Childhood Support Across Armenia |url=https://mirrorspectator.com/2025/11/27/philanthropist-saad-kassis-mohamed-announces-early-childhood-support-across-armenia/ |website=The Armenian Mirror-Spectator}
- ↑ "Philanthropist Saad Kassis-Mohamed Announces Early Childhood Support". Retrieved 5 December 2025.
- ↑ Roy, Rony (31 May 2024). "Sahil Arora's alleged rug pulls prompt WeCare Foundation's support". Retrieved 28 November 2025.
- ↑ Dale, Oliver (4 June 2024). "Sahil Arora Banned from X Amidst Celebrity Memecoin Scam Allegations". Retrieved 28 November 2025.
- ↑ Franjkovic, Teuta (22 May 2024). "Aiden Pleterski: WeCare Chair Saad Kassis Mohamed Champions Aid for "Crypto King" Victims". Retrieved 28 November 2025.
- ↑ Kushner, David (2 February 2025). "Inside the shady world of celebrity meme coins". Retrieved 28 November 2025.
- ↑ "Philanthropist Saad Kassis-Mohamed Leads Coalition Delivering $100K in Jamaica Relief". THX News. 2 November 2025. Retrieved 25 November 2025.
- ↑ "Philanthropist Saad Kassis-Mohamed Mobilizes Emergency Relief for Communities Devastated by Northern Sumatra Floods". 25 November 2025. Retrieved 1 December 2025.
- ↑ "Saad Kassis-Mohamed Launches Emergency Relief for Sumatra Flood Victims". 25 November 2025. Retrieved 3 December 2025.
- ↑ "Saad Kassis-Mohamed". Forbes Hrvatska (in hrvatski). Retrieved 25 November 2025.
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