REG - Majid Al Futtaim Hld - Majid Al Futtaim Board of Directors Announcement

Larsen and ToubroAnnouncement

12/02/2025 13:45

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RNS Number : 8883W  Majid Al Futtaim Holding LLC  12 February 2025

Disclosure Announcement

 

Majid Al Futtaim Holding Board

The following appointments have been made to the Board of Directors of Majid
Al Futtaim Holding LLC:

 Name                    Position                 Year of Appointment
 Sir Michael Rake        Chairman                 2009
 Mr. John Rishton        Director                 2025
 Mr. Andrew Higginson    Director                 2025
 Mr. Hamed Kazim         Director                 2025
 Mr. Ahmed Galal Ismail  Chief Executive Officer  2023
 Mr. Ziad Chalhoub       Chief Financial Officer  2025

 

Sir Michael Rake - Chairman

Sir Michael Rake was appointed as Chairman of Majid Al Futtaim Holding in July
2009. He is also Chairman of NewDay Limited and Wireless Logic Group. Previous
appointments include Chairman of BT Group, Chairman of KPMG International,
President of the Confederation of British Industry (2013-2015), Chairman of
easyJet and Deputy Chairman of Barclays.

 

John Rishton

Mr. John Rishton joined the Majid Al Futtaim Properties Board in April 2017.
Previous appointments include Chief Executive of Rolls-Royce Holdings plc from
2011-2015, Chief Executive at Ahold and Chief Financial Officer at Ahold and
British Airways. Mr. Rishton was a non-executive director of Unilever and
Associated British Ports and is currently non-executive director and Chairman
of Serco and Informa.

 

Andrew Higginson

 

Mr. Andrew Higginson joined the Majid Al Futtaim Retail Board in August 2018.
He is also Chairman of JD Sports plc and The British Retail Consortium, the
body representing the U.K. Retail Industry. He is a Director of InstaVolt,
Bloom Fresh, Evergreen Garden Care and Bridge Farm Group, and is an advisor to
Shore Capital Markets. Mr. Higginson was previously Chairman of WM
Morrisons.  After starting his career with Unilever, Mr. Higginson has spent
over 35 years in retail. He was Group Finance Director of Laura Ashley
Holdings plc, the Burton Group plc, then, for 15 years he was an Executive
Director of Tesco PLC, 11 years as Finance and Strategy Director and four
years as Chief Executive Officer of the Retail Services Division (Tesco.com,
Tesco Bank, Tesco Telecoms and DunnHumby).  Mr. Higginson was Chairman of
Poundland up to and including their initial public offering.  Mr. Higginson
also served for six years as Chairman of online clothing retailer N Brown plc,
as an independent non-executive director on the Board of the Rugby Football
Union and for 10 years as an independent non-executive director at the
broadcaster Sky plc.

 

Hamed Kazim

 

Mr. Hamed Kazim has over 40 years of experience in professional services and
is currently a senior advisor to PwC Middle East, having previously served as
an advisor to firms including Mercer, RBS, and Alix Partners. He was the
Managing Partner of Andersen Dubai, as well as Ernst & Young, and served
on the Boards of the UAE Securities and Commodities Authority, Commercial Bank
of Dubai, and Larsen & Toubro.  He was involved in various financial
forensic assignments in the United States and Middle Eastern offices. Mr.
Kazim also led initial public offerings on the Dubai Financial Market,
including Emaar, as well as large acquisitions such as P&O and Inchcape
Shipping. Mr Kazim's main focus is technology, finance, and organisational
effectiveness.

 

Mr. Kazim is a UAE national and a graduate of the University of California,
San Diego, USA, with a B.A. in Economics and a minor in Electronic
Engineering.  He joined Arthur Andersen in 1981 and worked in the Washington,
D.C. office, where he obtained his CPA qualification with high distinction in
1986.

 

Ahmed Galal Ismail - Chief Executive Officer

Mr. Ahmed Galal Ismail was appointed as Chief Executive Officer and Board
member of Majid Al Futtaim Holding on 13 January 2023.  He was formerly the
Chief Executive Officer of Majid Al Futtaim Properties overseeing the Group's
largest business including shopping malls, hotels and communities. Prior to
that, Mr. Ismail was the Chief Executive Officer of Majid Al Futtaim Ventures
and first joined the Group in January 2007 as Vice President of Strategy.
Before joining Majid Al Futtaim, Mr. Ismail was a principal with Booz Allen
Hamilton in Dubai having started his career with Procter and Gamble in Egypt
and then Germany. Mr Ismail holds an MBA with distinction from London Business
School and a B.Sc. in computer science from the American University in
Cairo.  He is a member of the American University in Cairo Board of Trustees.

 

Ziad Chalhoub - Chief Financial Officer

Mr. Ziad Chalhoub is Chief Financial Officer of Majid Al Futtaim Holding. In
his role, Mr. Chalhoub is responsible for the financial health and control of
the organisation, overseeing all financial activities, including financial
risk management, financial planning, financial reporting and analysis of data
in support of delivering against the Group's strategic objectives. In
addition, Mr. Chalhoub is responsible for the Group's sustainability strategy,
ensuring the integration of environmental, social and governance (ESG)
principles across the business.

 

Prior to joining Majid Al Futtaim, Mr. Chalhoub spent 20 years at IBM, where
he served in several roles including Chief Financial Officer for IBM's Middle
East and Africa interests as well as Chief Financial Officer for IBM's Global
Technology Services (GTS) business. Mr. Chalhoub holds an MBA in Finance &
Strategy from the University of Rochester, New York, USA.

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