02 April 2008
Amman - Jordan. The Board of Directors at Zara Investment (Holding) has appointed Lina M. Annab as general manager overseeing the operations of the company as well as its subsidiaries as of April 1st, 2008. The appointment of Annab is in line with Zara's strategic direction of maintaining as well as building on its leadership in the hospitality industry in Jordan.
The chairman of the Board, Mr. Sabih Masri, expressed that the selection of Annab reinforces the vision of the Board of Directors to transform Zara into a 21st century state of the art hospitality holding company aimed at consistently attracting and applying the best in class. Mr. Masri also added that the depth and breadth of Annab's relationships in the hospitality industry in and outside of Jordan coupled with her track record and reputation for building winning teams and achieving high goals will surely enable her to tackle the challenge of operating in today's increasingly competitive investment and hospitality environment.
Annab commented «It's an honor and a privilege to be selected by Zara's Board of Directors to assume this position». She added «I am truly thrilled to be entrusted with this challenging task. There are many exciting opportunities on the horizon and I'm honored to be leading the team that will take our business to the next level."
Annab joined Zara Investment in 2002. Prior to assuming the position of the general manager at Zara, she served as the deputy general manager for hotel relations and business development. Prior to joining Zara Annab held various positions at multinational companies and organizations throughout the world.
Annab graduated with a Masters degree in International Affairs from Georgetown University in Washington D.C. She is also a graduate in Foreign Languages and Literature and is fluent in five languages.
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About Zara Investment (Holding) Company
Zara Investment (Holding) Company was established on May 10, 1994 as a public shareholding company. Zara's subscribed and paid in share capital as of December 31, 2005 consists of 125,000,000 shares, each having a par value of JD1. The principal activities of the Company as a holding company is to manage its subsidiaries which operate in the tourism sector and which have built hotels in various parts of Jordan. The hotel portfolio of Zara consists of six 5-star hotels out of the 25 five-star hotels available in Jordan. In addition the company is in the final stages of developing a seventh 5-star hotel in Aqaba at Tala Bay to be branded Jaz Tala Bay (Previously noted as Ibertotel Tala Bay). Other non core activities of the company include owning and managing companies serving the hospitality industry. Today Zara Investment is the largest hospitality company in Jordan. It controls approximately 31% of the Hashemite Kingdom's total room inventory of 5-star hotels. Zara Investment is the largest employer in the 5-star hotel industry in Jordan. It employs approximately 35% of the total employees in the 5-star hotel industry in Jordan.
For more information, please contact:
Abeer Goussous
Corporate Communications Officer
Zara Investment (Holding) Co.
Amman - Jordan
Email: info@zara.com.jo
Telephone: +962-6-464-6781
Website: www.ZaraHolding.com
Amman - Jordan. The Board of Directors at Zara Investment (Holding) has appointed Lina M. Annab as general manager overseeing the operations of the company as well as its subsidiaries as of April 1st, 2008. The appointment of Annab is in line with Zara's strategic direction of maintaining as well as building on its leadership in the hospitality industry in Jordan.
The chairman of the Board, Mr. Sabih Masri, expressed that the selection of Annab reinforces the vision of the Board of Directors to transform Zara into a 21st century state of the art hospitality holding company aimed at consistently attracting and applying the best in class. Mr. Masri also added that the depth and breadth of Annab's relationships in the hospitality industry in and outside of Jordan coupled with her track record and reputation for building winning teams and achieving high goals will surely enable her to tackle the challenge of operating in today's increasingly competitive investment and hospitality environment.
Annab commented «It's an honor and a privilege to be selected by Zara's Board of Directors to assume this position». She added «I am truly thrilled to be entrusted with this challenging task. There are many exciting opportunities on the horizon and I'm honored to be leading the team that will take our business to the next level."
Annab joined Zara Investment in 2002. Prior to assuming the position of the general manager at Zara, she served as the deputy general manager for hotel relations and business development. Prior to joining Zara Annab held various positions at multinational companies and organizations throughout the world.
Annab graduated with a Masters degree in International Affairs from Georgetown University in Washington D.C. She is also a graduate in Foreign Languages and Literature and is fluent in five languages.
-Ends-
About Zara Investment (Holding) Company
Zara Investment (Holding) Company was established on May 10, 1994 as a public shareholding company. Zara's subscribed and paid in share capital as of December 31, 2005 consists of 125,000,000 shares, each having a par value of JD1. The principal activities of the Company as a holding company is to manage its subsidiaries which operate in the tourism sector and which have built hotels in various parts of Jordan. The hotel portfolio of Zara consists of six 5-star hotels out of the 25 five-star hotels available in Jordan. In addition the company is in the final stages of developing a seventh 5-star hotel in Aqaba at Tala Bay to be branded Jaz Tala Bay (Previously noted as Ibertotel Tala Bay). Other non core activities of the company include owning and managing companies serving the hospitality industry. Today Zara Investment is the largest hospitality company in Jordan. It controls approximately 31% of the Hashemite Kingdom's total room inventory of 5-star hotels. Zara Investment is the largest employer in the 5-star hotel industry in Jordan. It employs approximately 35% of the total employees in the 5-star hotel industry in Jordan.
For more information, please contact:
Abeer Goussous
Corporate Communications Officer
Zara Investment (Holding) Co.
Amman - Jordan
Email: info@zara.com.jo
Telephone: +962-6-464-6781
Website: www.ZaraHolding.com
© Press Release 2008
