Page 17 - KAEC PR REPORT - APRIL 2024

4/12/24, 12:56 PM Emaar, the Economic City appoints Mr. Abdulaziz Alnowaiser as CEO, effective 1st May 2024 - MAAAL NEWS
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.

Mr. Alnowaiser will be 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 & visa

solutions, human resources and real estate investments. He was previously the M&A

Advisor and Vice President Finance (CFO) at Arabian Internet and Communications
Services Co. (Solutions), prior to which he was Vice President Finance (CFO) at Al

Othaim Real Estate Investment & Development Company and CEO of the House of

National Consulting Company. Mr. 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 includes prestigious degrees in accounting, finance and information

systems, as well as a Diploma in International Financial Reporting Standards and other

professional certifications.

Mr. Fahad AlSaif, Chairman of

EEC, commented, “The appointment of

Mr. Alnowaiser as CEO is an important دﯾزﻣﻟا أرﻗا Federal Reserve: New data does
moment for both EEC and KAEC as not support “confidence” in

we pursue the implementation of our declining inflation

ambitious long-term strategy. His Global aviation sector faces

leadership skills and diverse pressure amid a decline in
aircraft production
professional experience are precisely
the attributes EEC and KAEC require Oil prices rise as tensions

to achieve their operational, financial

and strategic goals, and we are certain

that his forward-thinking approach will

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