Page 21 - 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
(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.

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.

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