Al Nowais joined Waha Capital as managing director in May 2023. Waha Capital is a private-sector investment house that invests in public and private markets and deploys proprietary capital in alignment with third-party investors. The Mubadala Investment Company is a major shareholder. Waha Capital recorded total assets under management of $2.9 billion in 2023, which is a 60% growth compared to 2022. Al Nowais is also the managing director of AMEA Power and an executive director at the AlNowais Investments Company. He is also a board member of the Al Dhafra Insurance Company and Abu Dhabi National Industrial Projects.