Ewaan Global Residential Company, a leading real estate development company in Saudi Arabia, has appointed Fadi Qassim as its new CEO.

Qassim succeeds Riyadh Al Thagafi, who decided to leave the position after a successful four-year stint at the helm.

“Engineer Fadi is already considered one of the most influential figures at Ewaan as he has made important contributions to making us the leader in Saudi real estate development,” said Abdullah Ashy, chairman of Ewaan Global Residential Company.

“As he was an active board member, he has accumulated the knowledge and experience to lead Ewaan through its next phase of success and further growth.”

Fadi takes the reins as Ewaan aims to realise its corporate vision to provide high-quality, affordable housing to Saudis at all levels of the economic ladder. He brings to his new role more than 22 years of experience in real estate development, business development, corporate and project management, investment banking, investment and real estate.

Ewaan Global Residential Company was established through a strategic partnership involving some of the most prominent institutions, companies and businessmen in the region, including the Islamic Corporation for Private Sector Development (an affiliate of the Islamic Development Bank); Al Numu Real Estate Development Company (a member of the Sedco Group); the Public Pension Agency and the International Bank for Development. – TradeArabia News Service