Al Rayyan Tourism Investment Company (ARTIC), which seeks public listing on one of the leading stock exchanges, has appointed Tarek M El-Sayed as its new chief executive officer and managing director.
ARTIC is the international hotel investment and hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest privately-owned diversified industry groups.
In the last few years, ARTIC has grown significantly through new acquisitions and a strong project development pipeline. The logical next step now is for ARTIC to seek a public listing on one of the leading stock exchanges.
“El-Sayed is the team’s natural choice to oversee this important corporate milestone reflecting ARTIC’s absolute confidence in his abilities and his significant achievements within Al Faisal Holding where he has been instrumental in leading the Group to the strong position it is in today,” ARTIC said.
HE Sheikh Faisal bin Qassim al-Thani, ARTIC chairman, said, “ARTIC has succeeded in establishing itself as a leading company in the hospitality sector on the local, regional and international stages. Now we are eager to start the next chapter in the company’s journey by seeking a public listing on a leading exchange. Tarek M El-Sayed has been a great asset to our group, where his boundless ambition and flair have been instrumental to the success, which we have achieved this far. I am fully confident that under his leadership, ARTIC will thrive and prosper even further, helping to achieve its vision of becoming a global leader in the hotel investment and hospitality industry.”
El-Sayed said, “Undeniably, ARTIC is at a key stage in its growth story, particularly as it seeks a listing on a leading international exchange. For me to be appointed to lead the company at this exciting time is a great honour and I look forward to building on its very successful track record to date.”
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar Chamber signs deal with Qatari Diar to relocate its headquarters to Lusail City
Doha Bank’s Doha Pay Wallet wins ‘Best Digital Wallet App’ for Qatar
US Congress delegation discusses bilateral co-operation in investment, trade with Qatar Free Zones
Turkish central bank governor plays down suggestions of rift over September rate cut
Honda pledges to only sell EVs in China after 2030
Global energy crisis prompts Asia to turn to US for oil
US economy loses its bounce as recovery turns into a grind
Qetaifan Island North vying for 2 Guinness World Records for its 'Icon Tower'
Fiscal policy tightening expected across G-7 countries: QNB