KCPC cancels managing director role, appoints CEO

Kuwaiti contractor recruits Fawwaz Al Badr as chief executive officer

View from the KCPC-built Prime Tower in Business Bay.
View from the KCPC-built Prime Tower in Business Bay.

Kuwaiti contractor KCPC has announced that it has cancelled the role of managing director and instead appointed Mr Fawwaz Al Badr as chief executive officer.

The company's former managing director, Moayed HM Al Saleh, is also the company's chairman.

The company, which carries out projects both in its home market and in Dubai, last month announced a 14% increase in net profits for its 2013 financial year to $7.6mn (KD2.1mn).

Projects completed to date include the Prime Tower office building in Dubai's Business Bay and the Kuwait National Petroleum headquarters in its home market.

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