Page 11 - 2023 Auunal Report - EN

10 ANNUAL REPORT 2023

Board of
DIRECTORS

Mr. Rashid Y. Al Nafisi | Chairman

Educational Background & Work Experience
Received his Bachelors in Commerce Emphasis in (Accounting) from the Faculty of Commerce,
Economics & Political Science - Kuwait University. In more than 44 years of business administration,
real estate development and management, Mr. Rashid Al Nafisi has a track record of diverse
achievements. The multiple roles he has taken on over the past decades underline the breadth of his
scientific and practical experience, as well as his distinct management skills. He has previously served
as the General Manager of Al Nafisi United Group and the Director of Real Estate Loans Administration
at the Kuwait Real Estate Bank. He has also served on the board of a number of companies and banks,
including Kuwait business town real estate Co., the Commercial Bank of Kuwait, Kuwait Asia bank,
Kuwait Airways Corporation, Mr. Rashid Al Nafisi was also the Chairman of the Board of Directors of
the National Investments Company.
, a member of the Board of Directors of Mazaya Qatar Real Estate Company and Majan Development
Company. He has extensive experience in the field of real estate development and contracting and he
is managing his own business, Currently, Mr. Rashid is the Chairman of Al Mazaya Holding Company
since its inception.

Mr. Eid Abdullah Al Rasheedi | Vice Chairman

Educational Background & Work Experience
Mr. Eid Abdullah Alrayyes Al Rasheedi has obtained the bachelor’s degree in Economic and
Administration and Organization, from Kuwait University. Mr. Eid Al Rasheedi started his working with
Kuwait Investment Authority at American Investments Department. He started his career by having
training programs in New York USA with Morgan Stanley, Chase Manhattan, and Citigroup for three
years in financial and investment analysis, asset management, risk management, financial engineering
and global asset allocations. He is characterized by multiple positions that he held, where he held the
position of the director of American Investments Department at Kuwait investment authority (KIA) -
Kuwait, the president & CEO of Kuwait investment Office (KIO)in London UK (20032012-), the CEO
of Al Asas Holding Group. He is currently the President and CEO of Rayyes Capital-Jersey ISLAND.
Mr. Eid Al Rasheedi was a member of the Board of Directors of Companies, Banks, Cultural, Social
and Economic Societies (American economic Societies, European economic Societies and Kuwait
economic Societies) further, he has multiple memberships in various committees in Kuwait, London
UK and USA.