Arabtec Holding names Mubadala’s deputy group CEO as chairman
HE Waleed Al Mokarrab Al Muhairi succeeds HE Mohamed Thani Al Rumaithi following his resignation from the board
Dubai contractor for social and economic infrastructure Arabtec Holding has confirmed the appointment of HE Waleed Al Mokarrab Al Muhairi as chairman of the firm.
HE Al Muhairi will take over the chairman role from HE Mohamed Thani Al Rumaithi, who has resigned from his position of chairman of the board at Arabtec.
Currently serving as Mubadala’s deputy group chief executive officer and chief executive officer of the Alternative Investments & Infrastructure platform, HE Al Muhairi holds a Master's degree in Public Policy from Harvard University, and a Bachelor of Science Degree in Foreign Service from Georgetown University in the United States.
Arabtec paid tribute to the departing HE Al Rumaithi stating that he was “instrumental” in stabilising the business and building a sustainable strategy in the interest of Arabtec Group and its stakeholders.
“Arabtec’s Board of Directors would like to thank HE Mohamed Thani Al Rumaithi for the efforts and contribution over the past years in successfully guiding Arabtec through a tough market environment and challenging period,” the statement read.