Qutaiba Alghanim chairs board bringing together regional and international expertise across banking, energy, investment and corporate governance
Alghanim Industries, one of the region’s largest private-sector companies, has announced the formation of the Group’s Board of Directors, chaired by Executive Chairman Qutaiba Yusuf Ahmed Alghanim, in a strategic move to strengthen corporate governance, enhance institutional development and support the group’s long-term growth and expansion plans.
The board comprises Vice Chairman Hazem Shawqi, Sheikh Salem Abdullah Al-Jaber Al-Sabah, Nizar Al-Adsani, Waleed Al-Osaimi, Ammar Al-Khudairi and Iyad Malas. The members bring extensive leadership experience spanning international relations, energy, banking, investment, corporate finance, business management and governance.
Working alongside the executive management, the board will help shape the group’s strategic direction, strengthen decision-making processes and provide the expertise needed to support its future ambitions. Commenting on the formation, Qutaiba Alghanim said the establishment of the board marked an important milestone in the group’s development and reflected its commitment to strengthening governance in line with the evolving scale of its operations and future objectives.
He said he was proud to welcome leaders with diverse professional backgrounds, expressing confidence that their experience would enrich the board’s work and support the group’s strategic priorities. Alghanim added that the group would continue building on its achievements and founding values, guided by a long-term vision focused on sustainable growth and continued success.
A board with diverse expertise
Vice Chairman Hazem Shawqi brings extensive international experience in banking and investment. He previously served as head of investment banking for the Middle East and North Africa at UBS and held senior positions at Credit Suisse and Goldman Sachs. His experience includes advising major regional groups and companies on strategic transactions, growth and expansion initiatives.
Sheikh Salem Abdullah Al-Jaber Al-Sabah brings more than 37 years of diplomatic and international experience. He served as Kuwait’s ambassador to the United States for more than two decades and subsequently held the position of minister of foreign affairs. He currently chairs the board of SamaX and holds bachelor’s and master’s degrees in political science from the American University of Beirut.
Nizar Al-Adsani contributes more than three decades of experience in the energy sector. He previously served as vice chairman and chief executive officer of Kuwait Petroleum Corporation and held senior positions at Kuwait Oil Company, Kuwait Foreign Petroleum Exploration Company, Kuwait Gulf Oil Company and Khafji Joint Operations. His expertise covers energy, investment, strategy and governance.
Waleed Al-Osaimi brings more than 45 years of experience in accounting, auditing, financial control and governance. He spent nearly four decades at Ernst & Young Kuwait, serving as partner and managing partner, and worked with leading public- and private-sector institutions. He also held senior financial positions at Kuwait Finance House and contributed to the development of the accounting profession through leadership roles in the Kuwaiti Association of Accountants and Auditors.
Strength in corporate finance and international business
Ammar Al-Khudairy has more than 35 years of experience in banking and investment, covering corporate finance, mergers and acquisitions, asset management, direct investment and venture capital. He previously chaired the board of the National Bank of Saudi Arabia and contributed to the merger that created the Kingdom’s largest bank. He has also chaired the boards of Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia and Allianz Saudi Fransi. He is a founding partner and chairman of Amwal Capital Partners.
Iyad Malas brings more than 30 years of international experience across investment, financial services, real estate, retail and entertainment. He currently serves as chief executive officer of Al Ghurair Group and previously led Majid Al Futtaim Holding as CEO, overseeing a period of growth and strategic expansion.
His career also includes leadership positions at the International Finance Corporation, EFG Hermes and Gateway Partners, as well as membership on several corporate boards.
The formation of the board brings together complementary expertise in finance, energy, diplomacy and international business, positioning it to support Alghanim Industries’ institutional development and long-term strategic objectives as the group pursues its next phase of growth.
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