JLL names new country head for Saudi Arabia
JLL names new country head for Saudi Arabia
Albuloushi is an international executive with 20 years’ experience in creating vision and strategic direction with primary skills in Islamic banking, real estate development and property management.
He replaces Jamil Ghaznawi, who has overseen JLL’s operations in the Kingdom for the past three years and is moving into a senior role with an important client of the firm.
“Ibrahim joins us with an impressive and results-driven background that will help us negotiate the fast changing landscape in Saudi Arabia,” said Alan Robertson, CEO, JLL MENA.
“We have deep, long-standing and trusted relationships in Saudi Arabia, and Ibrahim will be critical to enhancing our presence even further as we develop and grow our business in strategic areas across the Kingdom.” Albuloushi served as the chief real estate development officer at Kingdom Holding Company for the past two years. Before joining Kingdom Holding, he was CEO of Knowledge Economic City, which serves Saudi Arabia’s economic diversification strategy and is reviving Madinah’s role as a center for Islamic knowledge.
Albuloushi said: “This is an exciting opportunity to step into a key position where I feel I can drive impactful results for JLL’s business in the region.”
“I’m joining JLL at an exciting time where my skills, marketplace knowledge and strategic thinking will be key to continuing the success that has already been achieved,” he added.
In his most recent roles, he has overseen overall operations and real estate development and asset management activities to ensure production efficiency, quality, service and cost-effective management of resources for major projects. His roles have also commercial and P&L responsibilities with special emphasis on business development through joint ventures (JVs) and public private partnerships (PPP) in addition to mergers and acquisitions (M&A).
Albuloushi holds a bachelor’s degree in electrical engineering from King Fahd University of Petroleum and Minerals. In addition, he has attended training programs, workshops and seminars locally and internationally in banking, finance, projects management and real estate development.
ADIB becomes first bank to join UAEIIC
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.
Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.
Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”
He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”
Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”
He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”