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4/12/24, 12:59 PM Abdulaziz Alnowaiser Takes Helm as CEO of Emaar the Economic City - 30Gram6
Abdulaziz Alnowaiser Takes
Helm as CEO of Emaar the
Economic City
By Maxwell Grant
APR 3, 2024
In a significant development for the Saudi Arabian corporate sector, Emaar
the Economic City has announced the appointment of Abdulaziz Ibrahim
Alnowaiser as the new CEO, effective 1 May 2024. Abdulaziz Alnowaiser
succeeds Cyril Piaia, who decided not to renew his contract with the
company. The change in leadership was disclosed through a company filing
on Riyadh’s Tadawul exchange. Alnowaiser brings over twenty years of
professional experience to the table, with his most recent role being the
CEO of Tahakom Investments Co., a company fully owned by the Saudi
sovereign wealth fund, the Public Investment Fund (PIF). PIF also holds a
substantial 25% share in Emaar the Economic City, signifying the strategic
importance of this appointment. The leadership transition signifies a new
chapter for Emaar the Economic City as Alnowaiser’s tenure at Tahakom is
marked by strategic growth and development, hinting at the potential
direction Emaar may take under his guidance.
Real Estate, Investment Management,Saudi Arabia
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