Mazaya Qatar Appoints New CEO Effective from May 01

Doha, May 02 (QNA) - Mazaya Qatar Real Estate Development has appointed engineer Hamad bin Ali Al Hedfa as its new Chief Executive Officer effective from May 01. He succeeds Seraj Al Baker in a new step the company believes will strengthen its efforts in bringing distinctive competencies to its workforce and help meet its corporate requirements, a Qatar Exchange bulletin said Thursday. Members of the Mazaya Qatar Board have expressed their appreciation for the efforts that Al Baker put into the position, and wished him the best in all his future endeavors. Mazaya Qatar Real Estate Development Chairman Rashid Fahed Al Naimi, said, "The Mazaya Qatar Board of Directors is keen to support and value the nation's young and creative talent, giving them the opportunity to confirm their capabilities in the top management levels of our company. I'm glad to express the pleasure of the Board with this decision since it is consistent with the policy of the company to support this objective of investing in talented Qataris." Speaking about the new CEO's background, Al Naimi said, "Engineer Al Hedfa has strategic and leadership experience in managing companies and projects, and boasts extensive knowledge in the local and international real estate markets. "This decision also highlight our deep faith that young Qatari competencies are the ideal ones to create an added value to our company and its shareholders, and that the national affiliation, bolstered by experience, professionalism and constructive spirit, is the key factor in our institutional development and growth." Commenting on his new appointment Al Hedfa said, "I would like to thank the distinguished Board of Directors for granting me this trust, I will make sure with great faith that I will do my best to contribute to the development and growth of our company, to maintain and expand its position, and to succeed in the evolution of its projects and investments locally and internationally." Al Hedfa has considerable technical and managerial experience. He has worked at Qatar Gas where he contributed in the expansion of onshore and offshore projects during its development stages. He later took over as CEO of Business Development at The First Investor where he contributed to the development of the company and turned it into an international player in the field of investments reaching countries like the USA, Brazil, Russia and other parts of Europe. In his new position, he seeks "to play a vital and important role in directing and managing the business, investments and projects of Mazaya Qatar, in the light of the great diversity and growth expected for its various activities and investments in the region". (QNA)