Page 13 - KAEC PR REPORT - APRIL 2024

4/12/24, 12:56 PM Emaar EC appoints Abdulaziz Alnowaiser as CEO, effective May 1
Emaar EC appoints Abdulaziz Alnowaiser as CEO, effective May

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03/04/2024 Argaam
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Emaar, the Economic City (“EEC”), the master developer of King Abdullah Economic City
(“KAEC”), today (Wednesday 3rd April 2024) announces the Board of Directors’ decision to

appoint Mr. Abdulaziz Ibrahim Alnowaiser as its new Chief Executive Officer, effective May 1st,
2024.

With his extensive background in turnaround, finance and corporate governance, Mr.
Alnowaiser has been appointed for his ability to drive the execution of the Company's long-

term strategic vision. Additionally, the current CEO, Eng. Cyril Piaia, has been appointed as an
Advisor to the new CEO, Mr. Alnowaiser, which will facilitate a seamless transition of

responsibilities as of the date of joining of the new CEO.

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