Dubal Holding names new CEO for aluminium extrusion unit
DUBAI, July 30, 2024
Dubal Extrusion Investment (DEI), a wholly-owned subsidiary of Dubal Holding, the investment arm of Dubai government in the commodities and mining, power, energy and industrial sectors, has appointed Faisal Sarhan as the new chief executive officer of OSE Industries, a local aluminium extrusion company, wholly owned by DEI.
Sarhan takes over the new role following the end of CEO Magdy Samoul’s 14-year tenure at the company. Samoul will now be transitioning to DEI, where he will serve as an advisor focusing on the strategy development and implementation of projects.
An industry veteran, Sarhan brings a wealth of experience in leading strategic initiatives and implementing various innovative solutions to enhance productivity and profitability in the field.
He joined OSE as its Deputy CEO in November last year and played a vital role in reinforcing the company’s strategic leadership and operational excellence to drive its success.
Prior to this, he was with Emirates Global Aluminium (EGA), where he served in several major roles over a period of 18 years.
The leadership transition comes at a pivotal time as the aluminium extrusion industry is witnessing substantial growth investments.
On his appointment, Sarhan said: "I am delighted to assume the new role of CEO at OSE Industries and anticipate collaborating with our skilled team to further strengthen the company’s solid foundation and drive sustainable growth."
In this new position, Sarhan will oversee all aspects of operations, drive business strategies and cultivate a culture of innovation and excellence to efficiently navigate and capitalise on industry developments.
"My primary objective is to ensure maximum value for our stakeholders and establish OSE Industries as a leader in the extrusion industry," he added.-TradeArabia News Service
