Kuwait -- Mohammed Ahmad Al-Saqqaf, Chief Executive Officer of ALARGAN International Real Estate Company expressed that based upon his desire to not renew his contract with the Company, March 2011 will be his last working month. Mr. Al-Saqqaf said: "After serving for five years as ALARGAN's CEO it is time to explore new challenges and opportunities that can add value to my professional career."
Mr. Al-Saqqaf stated that he would like to thank the employees and management team as well as the Company's subsidiaries and affiliates for their continued support and confidence over the last five years. He also thanked the Board of Directors and the Company's shareholders and investors and wished the Company continued successes in the future.
Mr. Al-Saqqaf has over 23 years experience in the investment and real estate development sector, both regionally and internationally and has held a number of prominent executive roles throughout his career.
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About ALARGAN
ALARGAN International Real Estate Company is a leading real estate developer in the Middle East with an operating capital of over US$90 million. Established in 1994, ALARGAN is a pioneer in quality residential and commercial developments and has grown into a publicly listed company on the Kuwait Stock Exchange with approximately $2.4 billion in assets under management. As a result of its excellent track record and success, ALARGAN began to expand into other countries in 2003 and currently has fully operating affiliates in the Sultanate of Oman, the Kingdom of Saudi Arabia and the Kingdom of Bahrain.
© Press Release 2010
