The UAE’s largest online property portal, Bayut.com, has appointed entrepreneur and technology leader Haroon Rashid as its CEO in Saudi Arabia to lead the company’s expansion into the kingdom.
The appointment follows Bayut's announcement in May that it was entering the Saudi market after it acquired Lamudi Middle East and its operations in key markets across the MENA region.
Bayut followed up the acquisition with the official launch of the Bayut.sa domain, along with plans for an eventual GCC-wide expansion.
Rashid, who recently served as PayPal’s head of Mid-Market and SMB Integrations for North America, brings over 20 years of experience in entrepreneurship and technology leadership.
During his time at PayPal he was also involved in jointly managing development of PayPal’s first global payments platform. He also lead strategic engineering projects at Magento, now an Adobe company, and X.commerce, an eBay company.
"His wealth of experience and leadership will be valuable in setting the right direction for Bayut’s presence in Saudi Arabia," a statement said.
Bayut said it aims to replicate its success achieved in the UAE with its entry into Saudi Arabia. The kingdom is currently undergoing economic reforms with hopes of boosting and diversifying its economy away from oil.
Rashid will lead Bayut’s ambition to provide world-class support to developers, agencies and end-users, and enhance the home buying/selling and rental experience Saudi Arabia, the statement added.
Haider Ali Khan, CEO of Bayut, said: “We are excited to have Haroon onboard to lead our expansion and development in the Saudi Arabian market. His leadership and commitment to excellence will help realise our long-term vision of making Bayut a leader in the Saudi Arabian market.”
Rashid added: “I am very excited to join Bayut... The real estate space in the kingdom is ripe for innovation. We’re excited to leverage our world class technology and leading expertise in the region to make a tangible difference to the user experience.”For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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