Annual report eng.2019

51 ANNUAL REPORT 2019 4- Mr. Mohammad Al Othman (Board Member) Mr. Al-Othman received his degrees in Business Management from the Australian College of Kuwait, and holds a number of professional Certificates Specifically related to the real estate sector such as Real-Estate evaluation, Theoretical Methods and Operational Implementation, International School of Professional Development, Effective Sales Tools andTechniques in Real Estate Perspectives, Strategic Sales Skills For Real Estate Professionals, and Essential Sales Skills For Real-estate Professionals from different professional real-estate institutions. Mr. Al- Othman is currently the Managing Director of Shether Group Company. Previously, Mr.Mohammad was the Marketing & Leasing Manager for Al Hamra Real-Estate Company responsible for marketing the commercial components of Al Hamra Project. Also, Mr.Al-Othman was a board member in Al Hamra Cinema Company. He conducted many Real- Estate market research and analysis in both the retail and office space segment for Ajial Real-Estate & Entertainment Company and Al Jal Real-Estate Services Company. 5- Mr. Eid Abdallah Al Rasheedi (Board Member) Mr. Eid Abdullah Alrayyes Al Rasheedi has obtained the Bachelor 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 prograns in NewYork 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 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 kuwait investment Office (KIO) in london UK (2003 - 2012) , 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. 6- Eng. Ibrahim Abdulrahman Al Soqabi (Group CEO / BOD Secretary) Holds a Bachelor of Science in Civil Engineering from George Washington University, DC, USA, and a Master of Business Administration (MBA) from Maastricht University. He has further participated in several Executive Training Programs provided by Harvard Business School and INSEAD. Over all, he possesses a cumulative practical experience of 19 years, diversified among the fields of Civil Engineering, Project and Construction Management, Risk Analysis, Enterprise and Corporate Governance, Compliance; however, most notably, his strategic and leading role as a Chief Executive Officer during the past 10 years. Mr. Al Soqabi was successful in transforming a pioneering Kuwaiti contracting company into a Holding entity (Kuwaiti Manager Company – subsidiary of Kuwait Finance House), thus encompassing under numerous subsidiaries through both inorganic and organic growths, which have been undertaking several activities at the local, regional and international markets, such as Gulf Cooperation Council (GCC) States, Turkey, and Hong Kong. Currently, he holds the Group CEO position for Mazaya Holding, a leading Real Estate Development Company, with multiple successful subsidiaries, not only focusing on the GCC market, but extending well into other geographical settings. The introduced strategy and business plan which have been in implementation for the past 4 years, have yielded a compounded annual growth rate of 20% in terms of net profit. Mr. Al Soqabi held several board positions in reputable listed companies such as First Dubai Real Estate, Kuwaiti Manager Co. for Contracting, Baitek Real Estate, Al Enma’ Real Estate (ERESCO), Al Tijaria Commercial Real Estate, and Al Masaken Real Estate. He is currently the Chairman of Mazaya Real Estate Development Co., KSC.