Jabal Omar Appoints Hesham Alzaid as Representative of Awqaf Authority in BOD

Jabal Omar Development Company announced on Thursday its Board of Directors approval of the request of The General Authority for Awqaf, for replacing its representative to be Mr. Hesham Abdulaziz Alzaid (Independent Member) instead of Mr. Rayan Saleh Alrasheed (Independent Member) effectively from 18/5/2022. On this occasion, the Board extends its thanks and appreciation to Mr. Rayan Alrasheed for his efforts during his membership term in the Board, and welcome Mr. Hesham Alzaid as a member of the Board of Directors wishing him all the success.

Mr. Hisham is currently the CEO of Real Estate Investment in Awqaf Investment – the investment arm of the General Authority of Awqaf. Prior to that, he worked as a manager of real estate funds in Alinma Investment Company, and a manager in the transaction advisory department at KPMG Saudi Arabia. Mr. Hisham is a member of several boards of companies and investment funds. He holds a bachelor’s degree with honour in finance from King Fahd University of Petroleum and Minerals. He is also holds a certificate of the International Certified Valuation Specialist. Mr. Hesham has attended a number of leadership courses at INSEAD, Cambridge, and others.

Board approval may not be deemed final; this appointment shall be put before the first general assembly meeting for approval.