By Andy Sambidge
Former Arabtec finance chief to lead major expansion plans of pioneering healthcare firm
Former Arabtec CFO Ziad Makhzoumi has joined Fakih IVF Group as the group’s CEO, the company has announced.
Makhzoumi, who was chief financial officer at Dubai's biggest construction company for more than four years, joins Fakih IVF as it looks to expand across the Gulf region.
After opening a centre in Abu Dhabi, the company is looking to open more facilities in the UAE and in other GCC countries.
Dr Michael Fakih, chairman of Fakih IVF, said: “Fakih IVF is recognized as the leading IVF centre in the UAE. We plan to expand further in the UAE and other GCC countries.
"Our new CEO, Ziad Makhzoumi, who has an impressive history of corporate successes will develop our growth strategy and implement the restructuring required to achieve our objective of becoming the leader in the field in the GCC."
Fakih IVF is one of the leading fertility centres and is led by Fakih, a pioneer in fertility treatment operating in the USA and the UAE.
Makhzoumi started his career in 1981 with Booz Allen & Hamilton. From 1985 till 2000, he was the CFO of a Luxembourg based private holding company with operations in North America, Europe, and the MENA region.
From 2001 till his appointment as the CFO of Arabtec Holding PJSC in 2008, Ziad was involved in strategic consultancy and private equity buyouts and restructuring activities in Europe, the Middle East and North America.