Arabtec appoints CFO for its construction group

Dubai bourse protagonist to temper new growth with cost management

A new financial era will be heralded at Arabtec to manage projects such as the Louvre.
A new financial era will be heralded at Arabtec to manage projects such as the Louvre.

Arabtec Holding has appointed Iyad Abdelrahim as chief financial officer for the Arabtec 's construction group, which spans Asia and the MENA region, effective 18 March 2013.

In his new position Abdelrahim will be focusing on developing a finance department to support Arabtec 's construction businesses, and to implement a new regime of cost management.

Hasan Ismaik, MD and CEO of Arabtec Holding, commented, "We are preparing for a new phase of growth for the company and Iyad Abdelrahim will that the finances of our construction businesses are managed to the highest standards and that their growth is adequately and efficiently funded.”

“Iyad's appointment comes in line with efforts to employ a group of managers with extensive expertise and achievements. We will be announcing new appintments in due course."

Abdelrahim graduated from Wollongong University with an MBA and Yarmouk University majoring in accounting and minoring in banking and finance.

Abdelrahim joined Arabtec from the role of group chief financial officer at Dubai Properties Group, and brings 20 years of experience within the banking, contracting and development industries.

Abdelrahim also has a good understanding of Arabtec 's construction businesses and has previously been the Chairman of Arabtec Holding 's Audit Committee.


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