DOHA: Al Mazaya Holding Company, the leading real estate company in the Gulf region and listed on Kuwait and Dubai stock exchanges, announced the appointment of Ibrahim Al Saqaabi (pictured) as acting CEO of the company.
Rashid Al Nafisi, Chairman of the Board, said: “On behalf of members of the board of Al Mazaya Holding Company and all of its employees, we are pleased to welcome Ibrahim Al Saqaabi . We wish him all the best and success. He added that Al Saqaabi has vast experience in the field of executive management will be particularly useful in the position he is assigned to in Al Mazaya Holding Company.
Al Saqaabi was the General Manager of the KMC Group of Companies, owned by the Kuwait Finance House which is considered one of the top Shariah-compliant companies in the Middle East, at which he managed the holding company – which consists of seven subsidiaries that provide different, variant and specialized real estate services development, including implementation and management of projects.
Al Saqaabi has extensive experience in corporate restructuring and the implementation of governance systems, which include companies’ operational systems, and the development of work plans and strategies to enhance the company’s market share.
He holds an MBA from Kuwait Maastricht Business School, and a B.S. (Civil Engineering) from George Washington University in the USA. In addition to that, he was a member of the boards in several companies in different sections, mostly in real estate inside and outside Kuwait.
Al Saqaabi said: “I’m pleased to take up the new responsibility, which I consider a challenge. I am looking forward to do everything I can to achieve the company’s goals and the goals of the shareholders as well”.
The Peninsula
