Alghanim Industries Forms Group Board of Directors, Led by Qutaiba Alghanim
Alghanim Industries announces the formation of the group board, chaired by Qutaiba Alghanim, to enhance governance and growth.
Translated by Qiyas from الراي — Original source
- Qutaiba Al-Ghanim: Forming the Board of Directors is a crucial step in our journey to keep pace with our future ambitions
- We continue to build on what Al-Ghanim Industries has achieved throughout its history
- We rely on a long-term vision that supports the Group’s sustained growth and success
Al-Ghanim Industries (Qutaiba Yousuf Ahmed Al-Ghanim Group), one of the largest private sector companies in the region, announced the formation of the Group’s Board of Directors, chaired by Group Chairman and CEO Qutaiba Yousuf Al-Ghanim. This move strengthens the governance framework and supports the Group’s institutional development and growth and expansion plans.
The Board brings together extensive leadership expertise in international relations, energy, banking, investment, finance, business management, and governance. It will work alongside the executive management to guide the Group’s strategic direction, enhance governance, and improve decision-making effectiveness, leveraging the members’ experience and insights to align with growth and expansion plans.
On this occasion, Qutaiba Al-Ghanim said: “The formation of the Group’s Board of Directors represents a significant step in our journey and reflects our commitment to strengthening our governance framework in line with the evolution of our business and future ambitions. I am proud to welcome individuals with broad and diverse leadership expertise, and I am confident that their contributions will enrich the Board’s work and support our strategic direction. Today, we continue to build on what Al-Ghanim Industries has achieved throughout its history, grounded in the values it was founded upon and guided by a long-term vision that supports the Group’s sustained growth and success.”
Group Vice Chairman Hazem Shawqi possesses extensive international experience in the banking and investment sectors. He previously served as Head of Investment Banking for the Middle East and North Africa at UBS, alongside leadership roles at global financial institutions, including Credit Suisse and Goldman Sachs. He has closely collaborated with several major groups and companies in the region, providing advisory services on strategic transactions and growth and expansion plans.
Sheikh Salem Al-Sabah boasts a diplomatic and international career spanning more than 37 years, during which he held several prominent positions, including Kuwait’s Ambassador to the United States for over two decades and Minister of Foreign Affairs. He currently serves as Chairman of the Board of Directors of SMAEX and holds both a Bachelor’s and a Master’s degree in Political Science from the American University of Beirut.
Nizar Al-Adwani has over three decades of experience in the energy sector. He previously served as Vice Chairman and CEO of the Kuwait Petroleum Corporation, alongside leadership roles at Kuwait Oil Company, Kuwait Oil Company (KOC), Kuwait Oil Exploration Company (KOFIP), Kuwait Gulf Oil Company, and the Joint Operating Areas. His expertise spans energy, investment, strategy, and governance.
Waleed Al-Asimi has more than 45 years of experience in accounting, auditing, financial oversight, and governance. He spent approximately four decades at Ernst & Young – Kuwait, where he held the positions of Partner and Managing Partner. He has worked with leading institutions in both the public and private sectors and has held senior financial roles at Kuwait Finance House. Additionally, he has contributed to the development of the profession through leadership positions in the Kuwait Society of Accountants and Auditors.
Ammar Al-Khudhairy has over 35 years of experience in the banking and investment sectors, encompassing corporate finance, mergers and acquisitions, asset management, direct investment, and venture capital. He previously chaired the board of directors of Al Ahli Bank of Saudi Arabia and played a key role in the merger that led to the establishment of the largest bank in the Kingdom. He has also chaired the boards of Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia, and Allianz French Saudi, and is the founding partner and chairman of the board of Amwal Capital Partners.
As for Eyad Malas, he possesses over 30 years of international experience in the investment, financial services, real estate, retail, and entertainment sectors. He currently serves as Chief Executive Officer of Al Ghurair Group. Previously, he was Chief Executive Officer of Majid Al Futtaim Holdings, where he led the group through a period of strategic growth and expansion. He has also held senior leadership positions at the International Finance Corporation, EFG Hermes, and Gateway Partners, in addition to serving on the boards of several companies.
