MaCeen board of directors decided during its last meeting to appoint Badr Abdul Rahman Al-Musaibeh as the CEO of MaCeen Capital.

Bader Al-Hammad, board member, MaCeen Capital, commented: "This comes in line with the strategic vision of the company, which requires us to apply the highest standards of corporate governance and control to ensure continuous growth and expansion of the company. We at MaCeen Capital believe in the great potential of the young Saudis who are the ideal solution for creating a mature market with bright minds that can keep up with the local and international economic changes and developments."

In addition, Al-Hammad confirmed his high confidence in Al-Musaibeh to lead MaCeen Capital according to the expectations and aspirations of the owners and the board of directors to deliver unconventional financial services for clients and ensure the continuous growth of their investments.

Al-Musaibeh expressed his extreme gratitude for the trust given to him by the board of directors and added that he looks forward to taking the company to the next level in various fields, and create the MaCeen Capital investment environment that reflects the power of the investment industry in the market via modern insights that are in compliance with the global changes and provide safe economic environments for their clients.

Al-Musaibeh also confirmed that he will dedicate his long experience in the Saudi financial market, which he acquired during his previous managerial positions in several companies in Saudi Arabia, to elevate MaCeen Capital and occupy a leading position.

"We will work to achieve the vision upon which the company was founded, which is to create various financial solutions, in the areas of investment banking , in addition to private equity which constitute the base station of future investment in the Kingdom, Al-Musaibeh added.