Yusuf Bin Ahmed Kanoo Group, one of the largest independent family-owned multinational businesses in the Middle East, has appointed its new Board of Directors, thus marking an important step in strengthening the Group’s long-standing governance framework and continued strategic direction.

Announcing this, the Bahrain-based Group said Fawzi Ahmed Kanoo has been elected the new Group Chairman, while Dr Faisal Khalid Kanoo is the Deputy Chairman.

The newly appointed board members are Saud Abdulaziz Kanoo; Mohamed Abdullatif Kanoo; Ali Abdulla Kanoo; Ahmed Fawzi Kanoo; Nandi Mehta; Michael Shakesheff and Amro Shawli.

The Board composition underscores YBA Kanoo’s commitment to sustained growth, robust governance, and building on its heritage across its diverse portfolio of businesses in the region, said the statement from the Group.

Each member brings deep expertise across industry sectors and corporate leadership, positioning the Group to advance its long-term direction and reinforce its growth trajectory across the regional and global business landscape, it stated.

On the key appointment, Kanoo said: "The appointment of the new Board reflects our continued commitment to advancing the Group’s governance and reinforcing its strategic oversight. Each member brings valuable experience that supports the long-term stability and growth of the business."

"I look forward to working closely with the Board as we continue to build on the Group’s heritage, operational resilience, and regional presence," he stated.

On his new role, Dr Faisal Khalid Kanoo, said: "I am honoured to be appointed Deputy Chairman and to serve alongside the newly appointed Board."

"It is a significant responsibility, and I look forward to contributing to the Board’s collective efforts in guiding the Group’s long-term direction and supporting its sustained progress," he added.-TradeArabia News Service