A company at the forefront of the UAE's rapidly growing cyber security sector has announced the appointment of a new CEO.
Faisal Al Bannai, founder of DarkMatter, said Karim Sabbagh would take on the CEO role from April while Al Bannai will become managing director.
Sabbagh joins DarkMatter from Luxembourg-based communications satellite owner and operator, SES, the world’s largest satellite operator where he served as president and CEO.
DarkMatter last week said it more than doubled revenue last year to over $400 million.
The firm, which earns about 80 percent of its revenue from UAE government contracts, plans to grow from 650 to 900 employees by the end of the year, Al Bannai said.
He added: “Our vision and goals are ambitious and exponential. As we have set our foothold in UAE, and begun to plan for regional and global expansion, the company will continue to evolve to support its vision, and build its competencies. We have attracted exceptional talent from inception, and with every addition, we have strengthened our ability to achieve our goals.”
Sabbagh said: “DarkMatter is a remarkable organisation that is truly living its goal to disrupt the cyber security market by taking a new approach to the way in which nations, organisations and individuals are secured against cyber threats. It is exciting for me to return to the vibrant Middle East region having spent a number of years away, and to lead one of only a handful of full-service cyber security firms present in the world today.”
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