Hiba Nasser Al-Kharafi appointed chairwoman of Valmor Holding Board
Valmor Holding Group announced the appointment of Hiba Nasser Al-Kharafi as its board chairwoman, making her the first woman to hold this position since its establishment.
Translated by Qiyas from القبس — Original source
Palmar Holding Group, the leading investment company in the Middle East, North Africa, and Europe, announced in a disclosure to the Kuwait and Egyptian stock exchanges the appointment of Hiba Nasser Al-Kharafi as its board chairman during a board meeting held on November 12. This makes her the first woman to chair the group’s board since its establishment nearly three decades ago, while Louai Jasim Al-Kharafi continues as a board member.
Hiba Al-Kharafi is the eldest daughter of the late Kuwaiti businessman Nasser Mohammed Abdulmohsin Al-Kharafi, chairman of the Mohammed Abdulmohsin Al-Kharafi Group and founding partner of Palmar Holding Group. She has expertise in investment and family business management, has served on the group’s board since 2022, holds a Master of Business Administration degree, and a Bachelor’s degree in Political Science and Economics.
Al-Kharafi assumes the chairmanship at a pivotal stage in the group’s journey, having been the driving force behind the rebranding of the company in 2025 under the name “Palmar Holding Group,” along with the revision of its strategic vision, reflecting its ambitions to strengthen its presence on the global investment stage. She also supported the board’s direction toward expansion in Gulf Cooperation Council (GCC) countries and the United Kingdom, as part of the group’s strategy to diversify its investments and broaden its business scope.
For his part, Louai Jasim Al-Kharafi said, “It has been an honor to chair Palmar’s board, and I am pleased to welcome Hiba Nasser Al-Kharafi as the new chairperson and to continue working alongside her as a board member. I am confident that, in collaboration with the board members and the executive management team, she will build upon what we have achieved together over the past years.” He added, “Our priorities remain clear: continuing to grow the group’s business, strengthening its investment portfolio, and expanding into opportunities that deliver sustainable value to shareholders, while maintaining discipline in capital allocation and risk management. I look forward to supporting Hiba and the board during the next phase of Palmar’s growth.”
For her part, Hiba Nasser Al-Kharafi, in her first statement following her appointment, expressed her gratitude and appreciation to Louai Al-Kharafi for his leadership of the group over the past years and his role in laying a strong foundation for continued growth and success. She stated that Palmar’s strength lies in its diversified investment portfolio, which provides multiple sources of revenue and stable cash flows, alongside its growing international presence. She emphasized the continuation of portfolio development and directing the group’s investments toward opportunities that generate sustainable operational returns and support the interests of all shareholders.
Regarding her future vision, Al-Kharafi confirmed that the group will continue to develop its existing investments and expand into new markets and sectors, with increasing attention to opportunities related to clean energy and modern industrial technologies.
