Arabtec names new finance chief

Abu Dhabi, March 20, 2013

Arabtec Holding, a leading construction company in the Mena region specialising in complex projects, has appointed Iyad Abdelrahim as the new chief financial officer of the group of its construction companies.

Abdelrahim will be based in Abu Dhabi and his financial management responsibilities will include Arabtec’s portfolio of construction companies, said a company statement.  

His role will focus on developing a finance department to support Arabtec’s construction businesses with financial planning, control, reporting and MIS. It will also manage processes relevant to cost control, project management and update of old policies, it added.
   
On the appointment, Hasan Ismaik, the managing director and CEO of Arabtec Holding, said, "We are preparing for a new phase of growth for the company. We are very pleased to have Abdelrahim join the senior management team of Arabtec to ensure that the finances of our construction businesses are managed to the highest standards and that their growth is adequately and efficiently funded."

His appointment comes in line with the company’s efforts to employ a group of senior managers with extensive expertise and international track records of achievements. "We welcome Iyad to the team, and we will be announcing new appintments in due course," he added.    

Abdelrahim joins Arabtec from his position as group chief financial officer of Dubai Properties Group, with 20 years of experience within the banking, contracting and real estate development industries.

He also has a good understanding of Arabtec’s construction businesses having previously been the chairman of Arabtec Holding's audit committee and chief financial officer for Depa.

Prior to that, he had worked in the banking industry with Standard Chartered Bank and Arab Bank in the region.-TradeArabia News Service

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