Al Nowais assumed his current role in May 2023. The firm had $3.2 billion in assets under management as of 2024, up 13% compared to 2023. In August 2024, Waha Capital secured a $400 million revolving credit facility with a three-year term. Al Nowais is also the managing director of AMEA Power, an executive director at AlNowais Investments Company, and a board member of the Al Dhafra Insurance Company.