Arab Advisors Group, the leading research and events house in the Arab World, has welcomed Hakam Kanafani as a strategic investor with a 40 per cent stake purchased from the Arab Jordan Investment Bank.

The group has elected Kanafani as its chairman. He brings a wealth of industry and market experience to the company, and his joining marks a new milestone in the history of Arab Advisors Group, said the company.

Following the transaction, Arab Advisors Group’s owners are: Kanafani and Jawad Abbassi & family.

Under the new leadership, the group will continue to offer its services which cater to the needs of its growing clientele, and introduce new products that respond to the dynamically changing needs of the market. The company has moved to a new headquarters in the prime business district of Abdali in Amman and plans an expansion into Dubai in 2017, a statement said.

Kanafani stated: “Since its inception, I have been an admirer and a customer of Arab Advisors, and today I am thrilled to be part of this partnership. The ICT and Digital Media industry is at a crossroad that requires efficiency, change in values and creative thinking.  Arab Advisors Group is here to support and assist wholeheartedly our Telecommunications industry to grow more and compete further”.

Abbassi, Arab Advisors founder and majority shareholder, noted: “Hakam is a long and close friend and is an ideal chairman for the company. Since I left the active management of Arab Advisors over a year ago, the company has grown well which is a testimony to its capable team. Welcoming Hakam as a strategic partner and chairman is indeed a memorable and joyous event”.  - TradeArabia News Service