Cruise Saudi, a Public Investment Fund wholly owned portfolio company, announced the appointment of Taha Nazer as Acting Chief Executive Officer.
The Board thanks Lars
Clasen for his commitment and the contributions he has made during his tenure
in establishing AROYA Cruises, developing cruise destinations across the
Kingdom, and leading the development of Aman at Sea.
Nazer, who has served
as Chief Financial Officer since 2023, brings over 19 years of experience
across the oil and gas, aviation and cruise sectors, where he developed
strategic leadership, deep financial expertise and extensive governance
experience with a proven record of driving growth, transformation, cost
efficiencies.
In his role as Acting
CEO, Nazer will lead Cruise Saudi across all strategic, commercial, operational
and financial priorities, including the continued development of the cruise
sector in Saudi Arabia, cruise destination development across the Kingdom, and
the Company's international projects.
Raid Ismail, Chairman
of Cruise Saudi, said: "The Board thanks Lars for his leadership and
contributions to Cruise Saudi. The Board has appointed Taha Nazer with full
confidence in his ability to lead the Company through this phase. His deep
understanding of the business, strong commercial, financial and governance
expertise, and proven track record make him the right leader to ensure
continuity, drive performance, and deliver on our long-term strategic and
commercial objectives."
Nazer said: “I am
proud of the Board’s confidence in entrusting me to lead Cruise Saudi during
this important phase. Our focus remains on strengthening performance and
accelerating the delivery of our strategic and commercial objectives, while
creating real and sustainable value. We are pleased to announce that the AROYA
vessel is on her way to Jeddah ahead of the resumption of her scheduled
sailings in May. Starting on May 14, AROYA will operate distinctive Red Sea
itineraries across Saudi Arabia, Egypt and Jordan, offering an exceptional
experience that combines regional destinations with the spirit of authentic
Arabian hospitality. -TradeArabia News Service
