Arcapita Group Holdings Limited Welcomes Two New Board Members
In a bold move, Arcapita Group Holdings Limited (“Arcapita”), a global alternative investment firm, has announced the addition of Abdulaziz Mohamed Al Mana and Abdulatif Ali Al Fozan to its esteemed Board of Directors.
Abdulaziz Al Mana, with over two decades of experience as the Chief Executive Officer of Al Mana Holding, a diverse conglomerate with interests in real estate, contracting, retail, technology, and agriculture, brings a wealth of knowledge to the table. His impressive track record includes board positions at United Development Company, Dukhan Bank, The First Investor, and First Finance.
Abdulatif Al Fozan, boasting more than 15 years in business and investment, currently holds the positions of Chief Operating Officer of Al Fozan Holding Co. and Managing Director of Acend Solutions Co. His leadership extends to chairing Saudi Re and United Homeware Company, as well as holding board positions at Al Fozan Holding Co., United Electronics, Tas’heel Finance, and Medad Co. Ltd.
Abdulaziz Hamad Aljomaih, Chairman of Arcapita, expressed his enthusiasm for the new appointments, stating, “We are delighted to welcome Abdulaziz Al Mana and Abdulatif Al Fozan to our Board. Their extensive regional experience and influential connections across various industries will undoubtedly bring fresh perspectives to our deliberations and enhance the value we deliver to our investors.”
Hisham Abdulrahman Al Raee, Chief Executive Officer of Arcapita, also shared his excitement, saying, “The addition of Abdulaziz Al Mana and Abdulatif Al Fozan aligns perfectly with our growth strategy. We are eager to collaborate with them as we work towards achieving our long-term business objectives.”
These new appointments come on the heels of Hisham Al Raee joining as CEO and member of the Board of Directors earlier this year.
