Page 53 - 2023 Auunal Report - EN

52 ANNUAL REPORT 2023

Summary of the members of the Board of Directors, including the academic qualifications and work experience:

1- Mr. Rashid Al Nafisi (Chairman)
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.

2- Mr. Eid Abdallah Al Rasheedi (Vice Chairman)
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.

3- Mr. Abdul Hamid Mihrez (Board Member)
Holds the designation for CFA Since 2005 and received his MBA (Emphasis in Finance) from the Lebanese
American University (LAU) & holds a Bachelor of Science from the American University of Beirut (AUB).
Abdul Hamid is a seasoned C-level investment professional with more than 22 years of experience in asset
management, investment banking, and wind-down management. he has a proven track record of value creation,
exit strategies, and quality deliverables, leading and co leading investment banking transactions worth -USO 800
million and winding down difficult assets in excess of USD 800 million. Mr. Mihrez is a solution-driven and
well focused professional, with a passion for working out businesses, innovation, and social impact. He also has
been serving as a board member for a number of leading companies in the region.