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Mabanee’s KSA unit appoints new CEO

Mabanee’s KSA unit appoints new CEO
Shumool is 60% owned by Kuwait-listed Mabanee
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Kuwait – Mubasher: Mabanee Company announced on Monday the appointment of Ayman Mohamed Al-Mudaifer as CEO of Shumool Holding, a subsidiary of Mabanee in Saudi Arabia.

The new CEO appointment is effective Tuesday, 19 September, according to the company’s filing to Boursa Kuwait.

Shumool is 60% owned by Kuwait-listed Mabanee.

Mabanee’s profits rose 1.6% to KWD 12.55 million in the second quarter of 2017 from KWD 12.36 million in the year-ago period.