Complex Made Simple

Arzaq appoints Fahad Al-Gurg as Chief Executive Officer

Arzaq, a private joint stock general investment firm launched in the UAE in late 2007 with a paid-up capital of Dhs150m by a select group of high profile companies and elite businessmen in the UAE and the GCC, has announced the appointment of Mr Fahad Al Gurg as Chief Executive Officer.

Prior to his appointment, Mr Al Gurg was Director of Strategy and Policy for the Department of Finance of the Government of Dubai. Mr Al Gurg brings to the company extensive experience, having worked previously for such companies as General Motors, Merrill Lynch International and Datel Software and Solutions, where he worked as Managing Director.

His Excellency Sheikh Tariq bin Faisal Al Qassimi, Chairman of Arzaq, spoke of Mr Al Gurg’s appointment, saying,

“We are delighted to welcome Mr Al Gurg as CEO of Arzaq. The wealth of experience that he brings with him will be invaluable to the company, and I am confident that his business acumen and unlimited vigour will be instrumental in making Arzaq a leader in the industry.”

Commenting on his new position, Mr Al Gurg said, “I am very excited about joining Arzaq as its CEO, and I see this as a unique opportunity to assemble a team of highly proficient and vigorous professionals who are willing not only to grab those opportunities in the industry that present themselves, but to go out and create new opportunities themselves.”

“As a new company, Arzaq has the potential to become a force to be reckoned with in the region, and I am pleased to have the opportunity to drive the company towards realising this potential,” he added.

Mr Al Gurg has a Bachelor’s Degree in Business Administration, with a focus on Marketing and Finance, from the Lebanese American University. Drawing upon his qualifications and experience, Mr Al Gurg also serves as a Member of the Business Advisory Council of the University of Dubai, and he is also an advisor for debt and cash management to the Department of Finance, Government of Dubai.