Dubai's Al Ghurair appoints new group CEO

Former Dubai Holding CFO Samer Alhaj will seek to steer the group's operations "to new levels of profitability and sustainability"
By Staff writer
Thu 15 Jun 2017 11:40 AM

UAE conglomerate Al Ghurair has appointed former Dubai Holding chief financial officer Samer Alhaj as its new group CEO.

Alhaj, who brings 35 years of multi-industry experience to the diversified industrial conglomerate, will seek to steer the group's operations "to new levels of profitability and sustainability while
adhering to the company’s core values of integrity, accountability, customer
centricity and community", the company said.

“Having been in the UAE for the past decade, I have long admired the business direction, values and goals of Al Ghurair as one of the most prominent family-owned companies in the country, as well as its major contributions to the local and regional economies,” said Alhaj, who replaces Adil Toubia.

“It is an absolutely exciting opportunity to be working with them and I am looking forward to bringing my expertise on board while learning from the group’s vast expertise in various industries fundamental to the constant development of the UAE.”

Abdul Aziz Al Ghurair, chairman of the executive committee added, “We are very confident that he will drive innovation in Al Ghurair in times of change, and help us achieve our vision, not only for the company but more especially for the communities that we serve.”

Prior to being CFO at Dubai Holding for five years, Alhaj was also COO and CFO Abu Dhabi Basic Industries Corporation (currently Senaat), CEO of Waha Capital, deputy CEO at Gulf Investment House, and deputy general manager at KIPCO Asset Management. He also spent over ten years working in various Wall Street investment banking roles.

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Last Updated: Wed 21 Jun 2017 11:36 AM GST

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