Page 11 - KAEC PR REPORT - APRIL 2024
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4/22/24, 8:14 AM Abdulaziz Alnowaiser named CEO of Emaar, the Economic City
With his extensive background in turnaround, finance and corporate
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governance, Alnowaiser has been chosen for his ability to drive the
execution of the company’s long-term strategic vision. Additionally,
the current CEO Cyril Piaia has been appointed as an adviser to the
new CEO, which will facilitate a seamless transition of
Follow responsibilities.
Alnowaiser has been mandated by the board to bring strategic
insight to EEC and KAEC’s long-term planning, fostering
innovation and sustainable development across the organization and
the city. With more than two decades of board-level and executive
experience, his most recent role was the CEO of Tahakom
Investments Co., a wholly owned company of the Public Investment
Fund with several subsidiaries across different sectors including
technology, aviation, traffic management, travel and visa solutions,
human resources and real estate investments. He was previously the
M&A adviser and vice president finance at Arabian Internet and
Communications Services Co., prior to which he was vice president
finance at Al-Othaim Real Estate Investment and Development
Company and CEO of the House of National Consulting Company.
Alnowaiser is currently the chairman of the board and the executive
committee at Tawuniya Insurance Company since 2020, and was a
board member from 2015 to 2019. He is also, or was, a member of
the board and/or board committees of several other listed and non-
listed companies. His educational qualifications include prestigious
degrees in accounting, finance and information systems, as well as a
diploma in international financial reporting standards and other
professional certifications.
Fahad Al-Saif, chairman of EEC, said: “The appointment of
Alnowaiser as CEO is an important moment for both EEC and
KAEC as we pursue the implementation of our ambitious long-term
strategy.”
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