Arabtec appoints CFO for its construction businesses

Iyad Abdelrahim [will be based in Abu Dhabi] and his financial management responsibilities include Arabtec's portfolio of construction companies (as listed below). His role will focus on developing a finance department to support Arabtec's construction businesses with financial planning, control, reporting and MIS. It will also manage processes relevant to cost control, project management and update of old policies.

In announcing the appointment, Hasan Ismaik, Managing Director and CEO of Arabtec Holding, said, "We are preparing for a new phase of growth for the company. We are very pleased to have Iyad Abdelrahim join the senior management team of Arabtec to ensure 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 the company's efforts to employ a group of senior managers with extensive expertise and international track records of achievements. We welcome Iyad to the team, and we will be announcing new appintments in due course."

Iyad Abdelrahim joins Arabtec from his position as Group Chief Financial Officer of Dubai Properties Group, with 20 years of experience within the banking, contracting and real estate development industries. He also has a good understanding of Arabtec's construction businesses having previously been the Chairman of Arabtec Holding's Audit Committee and CFO for DEPA Ltd. Prior to that, Iyad worked in the banking industry with Standard Chartered Bank and Arab Bank in the region.

Iyad Abdelrahim graduated from Wollongong University in MBA and Yarmouk University Majoring in Accounting, Minoring in Banking & Finance.