Ithmaar Development Company (IDC), a specialised
company in the development and management of major development, real
estate and other infrastructure projects, and a
wholly-owned subsidiary of Ithmaar Group,
announced
the appointment of Nayef Nasser Alnasser as a Managing
Director of IDC, succeeding Mohammed Khalil Alsayed.
The
appointment of Alnasser reflects the
Company’s commitment to advancing its strategic plans and continuing to
efficiently manage the Group’s assets and real-estate development projects,
which in return will support the growth and accelerating expansion of the
Company’s real-estate portfolio.
Alnasser has
extensive experience and successful record of achievements in the sector, enabling
him to effectively lead the Company as a Managing Director. His strong track
record in managing investments and diversity assets will contribute
significantly to IDC’s continued development in line with the Group’s vision
and future plans.
Alnasser will
lead the company’s day-to-day operations, support the execution of key projects
and introduce new visions and initiatives that will drive the performance of
the Company in line with the Group’s long-term objectives. Alnasser will
continue his role and responsibilities as Head of Asset and Remedial Management
at Ithmaar Bank.
IDC was established in 2007 to develop and manage major development
real
estate, including Dilmunia, a 1.25 million square metre manmade island off the coast
of Bahrain.
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