Arcapita announces two key board appointments
MANAMA, 14 days ago
Arcapita Group Holdings, a global alternative investment firm, today (February) announced two key appointments - Abdulaziz Mohamed Al Mana and Abdulatif Ali Al Fozan - to its Board of Directors.
Al Mana brings more than 20 years of extensive experience as the Chief Executive Officer of Al Mana Holding, a diversified conglomerate operating across several divisions, including real estate, contracting, retail, technology and agriculture.
He also holds board positions at United Development Company, Dukhan Bank, The First Investor, and First Finance.
Al Fozan has more than 15 years of experience in business and investment, currently serving as the Chief Operating Officer of Al Fozan Holding Co. and the Managing Director of Acend Solutions Co.
He also chairs Saudi Re and United Homeware Company and holds board positions at Al Fozan Holding Co., United Electronics, Tas’heel Finance and Medad Co. Ltd.
These appointments follow the appointment of Hisham Al Raee as CEO and member of the Board of Directors from the beginning of this year.
Commenting on the appointments, Chairman Abdulaziz Hamad Aljomaih said: "We are delighted to announce the appointment of Abdulaziz Al Mana and Abdulatif Al Fozan. Their regional experience and influential connections across a diverse range of industries will bring fresh perspectives to Board deliberations and help the business deliver more value to investors."
Welcoming the duo, Al Raee said: "We are pleased to announce the appointment of Abdulaziz Al Mana and Abdulatif Al Fozan. Their experience across key sectors aligns well with Arcapita’s growth strategy, and we look forward to working with them as we pursue our long-term business objectives."
Bahrain-based Arcapita is a global alternative investments firm focused on private equity and real estate, with a track record of over 30 years and a total transaction value of more than $32 billion.
It has offices in the US, UK, Saudi Arabia, UAE, Singapore, as well as affiliated offices in Bahrain.-TradeArabia News Service
