Abu Dhabi, April 24th 2012: Baniyas Investments and Development Company, the investment arm of Baniyas Sports Club has announced the appointment of Sobhi Benkhadra as its Chief Executive Officer after the resignation of its former CEO Wael Tawil.
Sobhi Benkhadra brings more than 25 years of leadership experience across various industry sectors and has an intimate knowledge and understanding of the investment sector and the competitive landscape in the region. He has been responsible for extensive success stories in the banking and investment industries in various Arab and Western countries.
In his comment, the new BID CEO, Sobhi Benkhadra, said: "I am delighted to join Baniyas Investments & Development family as the CEO of the organization. The company is in the midst of an interesting growth phase with strategic expansion plans across the region and I will be looking forward to contribute to the company's progress vertically and horizontally."
Holding a Bachelor's Degree in Engineering from the University of Bath in the United Kingdom and an MBA from City University Business School, Sobhi joins Baniyas from European Islamic Investment Bank (EIIB) where he held the position of the CEO creating a success story and taking the bank to new heights.
Benkhadra started his career in investment banking at the United Bank of Kuwait PLC in London in 1987 and then joined EIIB in March 2010 after having held executive positions at leading investment organizations in the UK and Bahrain. He was formerly a member of the Board of the Arab Bankers' Association in London and a member of the editorial committee of its associated publication, the Arab Bankers Magazine.
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About Baniyas Investment and Development
Baniyas Investment & Development Company was established in 2005 as a majority owned subsidiary of Bani Yas Sports Club. It is the investment and development arm of the Bani Yas Club with its main activities focusing on investment, development and management of real estate projects. Aiming to play a pivotal role in contributing to real estate development, Baniyas adheres to the highest standards of integrity in its business dealings. Currently, the company has an impressive pipeline of opportunities and projects including master planned communities, residential and commercial towers in the UAE, with Bawabat Al Sharq representing the first of several pioneering plans to be publicized by Baniyas in due time. Bawabat Al Sharq will elevate the leisure, commercial and tourism appeal of Bani Yas.
For further information, please contact
Maya Kheshen, Baniyas Investment & Development, Abu Dhabi
Tel: +97150-294 0472; E-mail: mkheshen@baniyas.ae
© Press Release 2012
