Annual report eng.2019

OF ACHIEVEMENTS 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 41 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 the Commercial Bank of Kuwait, Loan Committee, Kuwait Asia bank, Kuwait Airways Corporation, Mazaya Qatar Real Estate Company and Majan Development Company. Mr. Rashid Al Nafisi was also the Chairman of the Board of Directors of the National Investments Company. And where he has a long history, he is currently engaged in entrepreneurial activities in the field of real estate development, contracting and private business management, and the position of Chairman of Al Mazaya Holding Company since its inception. 2- Eng. Abdulrahman Al Shared (Vice Chairman) Received his Master’s Degree in Environmental Science & holds a Bachelor Degree in Architectural Engineering. Eng. Abdulrahman Al Shared has held senior positions in several sectors. In October 2004, he contributed to the establishment of Awqaf and Minors Affairs Foundation in United Arab Emirates and was the Secretary General thereof until May 2009. Moreover, he was a Director for Projects and General Maintenance Sector at Dubai Municipality from 2001 till 2004 & the Director for the Building and Governmental Housing. Currently, Eng. Al Shared is a board member in several companies including: Zayed Housing Programme, Dubai World Trade Centre, Dubai Investments, Emirates Glass Co., Dubai Club for the Disabled (Voluntary) and Al Mazaya Holding Co. 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). A seasoned investment professional with comprehensive knowledge and experience in the GCC and wider MENA region. He brings over 18 years of experience in asset management, investment banking, restructuring and exit strategies development. He played an active role in Global’s USD 1.7bn debt restructuring and successfully transformed the principle investments division into an Asset Management business pillar. Abdul Hamid heads the Special Situations Asset Management department at KAMCO INVEST which currently manages a portfolio of special situation assets worth USD 170Mn and entails proactive management of the underlying positions; focusing on creating and enhancing the value and ensuring an orderly asset disposition. Over the past 5years Abdul Hamid led the disposals of assets worth ~USD 450mnn. Abdul Hamid is a board member of a number of regional and international companies in the real estate, insurance, food, industrial, and financial services sectors. During his career, he led or co-led a number of investment banking transactions worth USD700mn covering valuations, financial advisory, mergers & acquisitions, capital raising, bond issuance, financial restructuring and listing mandates. He started his career in the asset management field where he was a member of a fund management team managing two equity mutual funds.