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Al Qudra Holding announces appointment of CEO

His Excellency Eng Salah Salem Bin Omeir Al Shamsi, Chairman of Al Qudra Holding, the UAE's leading general investment company, announced today the appointment of Mahmood Ibrahim Al Mahmood as Chief Executive Officer to the Group.

While Eng Salah Salem Bin Omeir Al Shamsi will continue leading as Chairman, Mr. Mahmood Ibrahim Al Mahmood will increasingly take on day to day operations of the company. As the company expands, the Chairman will continue defining the company’s strategy and outlining its vision.

His Excellency Eng Salah Salem Bin Omeir Al Shamsi, Chairman said: ” As Al Qudra continues to undertake the necessary steps in its evolution from a private joint stock company to a publicly listed one, so is our responsibility, and duty, to our shareholders to bring onboard the right executive management and continue to realize Al Qudra’s vision. Al Qudra Holding will not only benefit from Mr. Mahmood Al Mahmood’s experience, track record, and leadership we are also one step ahead in implementing corporate governance best practice which calls for the separation of roles of the Chairman and Managing Director. Jointly, we will drive the Group’s success story into the next phase of the company’s history.”

Mahmood Ibrahim Al Mahmood added: “For the past two years, and under the chairmanship of Eng Salah Salem Bin Omeir Al Shamsi, Al Qudra has witnessed unsurpassed growth and commendable performance to become the leading Abu Dhabi based general investment company. The company has year on year delivered on promises, successfully expanded its operations internationally and forged world class partnerships. We will diligently contribute to the company’s continued success over the coming years.”