Sumou chairman named Saudi Businessman of Year

TOP BUSINESSMAN: Ayed Al Kahtani, right, receives his award from ITP CEO Walid Akawi. (ITP Images)

Ayed Al Qahtani, one of the most prominent businessmen and investors in real estate in Saudi Arabia, has been named Businessman of the Year at the annual Arabian Business Saudi Achievement Awards.

Held at the Intercontinental Hotel in Riyadh on Monday night, Kahtani was one of 12 award winners at the ceremony which hailed the achievements of businessmen and companies in the kingdom.

Al Kahtani, chairman of Sumou Holding, is also currently a member of the board of directors of the Chamber of Commerce in the eastern province.

Sumou Holding invests in existing companies in the MENA region. It also aims to establish new companies within a variety of sectors, including real estate, energy and financial services.

Last year the company launched the kingdom’s first Islamic Real Estate Investment Trust (REIT) in association with Geneva based Encore Management.

List of winners:

Technology Company of the Year
Applied Technologies Company

Logistics Company of the Year
The National Shipping Company of Saudi Arabia

Investment Bank of the Year
Falcom Financial Services

Fastest Growing Company
Construction Products Holding Company

Healthcare Company of the Year
International Medical Centre

Best Industrial Company
Saudi Ceramics

Best Residential Developer
Ewaan

Special CSR Award
National Commercial Bank

Best in Aviation
National Air Services

Hospitality Company of the Year
Al Khozama Management

Telecom Company of the Year in customer service
Saudi Telecom Company

Businessman of the Year
Mr. Ayed Al Kahtani
Chairman Of Sumou Holding

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