Barwa Real Estate Group announced the appointment of Mr. Salman Mohamad Ahmad Al Hasan Al Muhannadi, Group CEO of Barwa Real Estate as of 1st of March 2015. Mr. Salman Al Muhannadi has 24 years of experience in finance, administration, asset management and strategic planning. Mr. AlMuhannadi elevated through a number of positions in different national organizations, last of which was the CEO of QNB Capital, the investment arm of Qatar National Bank. Mr. Salman previously handled financial and strategic restructuring of many organizations and real estate portfolios; in addition to his experience as a consultant for mergers and acquisitions in financial, real estate and transportation fields. He is also a member of the board of directors and committees in local and international companies. Mr. Al Muhannadi was as well part of a number of deals between Barwa Real Estate & Qatari Diar.
Barwa Real Estate Chairman, H.E. Mr. Salah Bin Ghanem Al Ali, and members of the Board of Directors welcomed AlMuhannadi to his new role and expressed their trust in his capability to use the success which Barwa accomplished recently to further strengthen the financial situation of Barwa, seize more business opportunities and maximize shareholders returns.
The group is currently finalizing its new strategy, reviewing current investments to determine best approaches of utilizing them and studying potential opportunities. Worth to mention that the group have announced a number of transactions including buying the shares of Arcapita in Lusail Gulf Development Company, and launching new projects such as Madinat Al Mowatir, Al Aateda & Mostawdaat.