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Tabreed chief quits

by James Boley on Oct 11, 2009


Khaled Salmeen Al Kawari has resigned for 'personal reasons'
Khaled Salmeen Al Kawari has resigned for 'personal reasons'

RELATED ARTICLES: Standard & Poor downgrades Tabreed | Tabreed first-half revenue grows by 22% | Tabreed secures hefty regional financing deal

Tabreed has announced that its chief operating officer Khaled Salmeen Al Kawari has resigned from the Abu Dhabi-based district cooling firm.

The company issued a short statement on Sunday confirming Al Kawari’s departure.

“Khaled Salmeen Al Kawari has resigned from his position as chief operating officer of Tabreed for personal reasons. Tabreed’s Board of Directors would like to thank Mr Al Kawari for his service to the company,” said a spokesperson in an official statement.

Al Kawari started his career in 1998 as the mechanical project and design engineer at M-E Engineers in Colorado, USA, where he designed and built mechanical systems and sporting facilities. In 2000, he moved to Abu Dhabi and held several positions at the Abu Dhabi Polymers Company and Borouge, part of the ADNOC Group Petrochemical Company. He became deputy plant manager in 2005, overseeing the operational activities within the petrochemical plant.

Prior to Tabreed, Salmeen was project manager of Mubadala Development Company in 2006 where he managed major energy investment projects in Masdar.

In August, Construction Week reported that S&P had downgraded Tabreed’s credit rating, saying “the main areas of under-performance were lower-than-anticipated reported profitability.” However, H1 2009 appeared to be a good period for the firm, during which period total revenue increased by 22% and gross income increased by 12%.
 



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