Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Kingdom Holding announces senior executive appointments  Join our daily free Newsletter

MENAFN - Arab News - 18/12/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Kingdom Holding Company has announced the retirement of Shadi Sanbar from his position as chief financial officer effective December 31.
In addition, Sanbar will serve as senior financial adviser to Prince Alwaleed bin Talal, chairman of KHC and will remain as a non-executive member of the board of directors of KHC and a board member to other KHC associates namely Four Seasons Hotels and Resorts and Fairmont Hotels and Resorts Inc. Holding Limited.
The announcement followed a board of directors meeting held on Tuesday.
A press release said KHC, represented by the chairman and members of the board of directors, expressed their thanks to Shadi Sanbar for his valuable and effective contribution during his tenure at KHC and looked forward to his continuing involvement as a senior financial adviser and board member.
In response, Sanbar expressed his deepest thanks, appreciation and gratitude for Prince Alwaleed's continued support that led to great business achievements sinceKHC's IPO in 2007.

Sanbar said: "My association with the Prince and KHC has been the challenge of a lifetime and has been most rewarding ever."
KHC also announced the appointment of Mohammed Fahmy as the chief financial officer and a member of the investment committee.
Fahmy has served as the company's deputy CFO since March of this year.
Fahmy is highly accomplished with 18 years of progressive track record of achievements.
Fahmy worked as a corporate banker then an investment banker for a combined period of 13 years within a number of regional and international banks. He also worked as a CFO for a combined period of five years before joining KHC.
In addition, KHC announced the appointment of Adel Alsayed the executive director for international and private equity as a KHC board member effective January 15.
Adel Al-Sayed has more than 25 years' experience in financial advisory and private equity investments.
His last position was the CEO of an investment Bahrain-listed Company.

 


Arab News




  MENA News Headlines
 Dec 5 2016 - Foreign assets in Bahrain fall by 14pctMENAFN
(MENAFN) Bahrain's foreign assets declined by 14 percent in October of this year, as stated Central Bank of Bahrain.Moreover, the country's net foreign assets reached BHD0.99bn by the end of the ...

 Dec 5 2016 - UAE confirms USD79mn housing assistance, grantsMENAFN
(MENAFN) The UAE has approved USD79mn in housing loans besides grants for 490 eligible Emirati citizens under Sheikh Zayed Housing Program.Meanwhile, the amount covers 352 residential housing grants ...

 Dec 5 2016 - Saudi Arabia launches 5 big energy projectsMENAFN
(MENAFN) Saudi Arabia has inaugurated five mega oil and gas projects; Wasit Gas Plant, Manifa oilfield, Shaybah natural gas liquids, Shaybah oil increment and Khurais oil increment.Additionally, the ...

 Dec 5 2016 - Rotana to establish 12 new hotels in UAE by 2020MENAFN
(MENAFN) Rotana, a leading hotel management firm proclaimed plans to open seven new hotels in Dubai, four hotels in Abu Dhabi and one in Ras Al Khaimah by 2020.Furthermore, six of the upcoming ...

 Dec 5 2016 - GCC plastics industry to grow by 3pctMENAFN
(MENAFN) The plastics processing industry in the GCC is predicted to increase at 3 percent, while total polymer demand is predicted to be less than 5mn tons by the end of 2016.Moreover, Saudi Arabia ...

 Dec 5 2016 - Egypt boosts customs duties to support local productionMENAFN
(MENAFN) Egypt has raised customs duties on more than 300 goods to 60 percent for many items in order to encourage local production and curb a trade deficit.Accordingly, the tariff increases on 320 ...

 Dec 5 2016 - Dubai Investments aims Saudi business park projectMENAFN
(MENAFN) Dubai Investments is aiming robust growth in the real estate and property sector with three main projects in UAE besides mixed-use business park projects in KSA and Africa.The projects ...

 Dec 5 2016 -  Reds rocked as Bournemouth win thrillerMuscat Daily
(MENAFN - Muscat Daily) Liverpool's title challenge suffered an unexpected setback as they squandered a 3-1 lead to lose 4-3 at Bournemouth on an astonishing day the south coast club will never ...

 Dec 5 2016 - Muscat Storm's hunt for a win continuesMuscat Daily
(MENAFN - Muscat Daily) Muscat Storm's hunt for an elusive victory continued - following a five-game streak without a result - as it lost 2-3 at the hands of HMS Daring in a match played recently. ...

 Dec 5 2016 -  Smith record century leads Aussies to ODI winMuscat Daily
(MENAFN - Muscat Daily) Steve Smith hit a record-breaking century and took two superb catches as Australia beat New Zealand by 68 runs in the Chappell-Hadlee Trophy one-day series opener in Sydney ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help