|02 December, 2019

Saudi Real Estate Company Al Akaria names new CEO

Al Akaria has worked on more than 32 residential, retail and commercial projects

Saudi Real Estate Company (Al Akaria), one of the largest publicly-listed real estate developers on the Saudi stock exchange (Tadawul), has appointed Khalid Bin Sulaiman Al Jasser as its new chief executive officer replacing Kelvin Kwok.

Kwok will continue to work as an advisor to board of directors’ chairman, effective December 8, said Al Akaria in a statement to Saudi bourse Tadawul.

Khalid Al Jasser has over 30 years of experience in the banking field, during which he served as CEO and board member of AlBilad Bank, and also of Arab Centres Company. He is currently the STCPay board chairman.

A strategic player in the kingdom, Al Akaria has worked on more than 32 residential, retail and commercial projects.

These include Akaria 1, the first commercial centre in the Middle East, the Olaya Akaria Residential Complex, the first closed residential complex in Saudi Arabia and The Plaza, the first smart building in Saudi Arabia.-TradeArabia News Service

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