Mawashi management heads list of top executive management in the Arab world
Forbes Middle East named Mawashi management on the list of Top Executive Management in the Arab world in the service sector of listed companies.
Ahmad Nasser Sraiya Al Kaabi, managing director and chief executive officer (CEO) of Mawashi, was nominated as the fourth on the list of most powerful CEOs of listed companies in the Arab world. The Forbes Middle East CEOs Forum was recently held in Dubai, UAE (United Arab Emirates) under the patronage of HE Eng Sultan bin Saeed Al Mansoori, UAE minister of economy. The event was attended by scores of decision makers who came to network, share ideas and showcase the respective organisations that they lead. The award saw more than 324 entries from companies in the Arab world.
Moreover, Mawashi recently announced its financial results for the third quarter of 2012 with net profits reaching QR62.1 million for the period ending 30 September 2012. The company’s net profits surged by around 50 percent or by QR20.5 million, over the same period last year when the company registered QR41.5 million. Mawashi has evolved from a struggling company, planned to be owned by the government, to a multi million dollar organisation, one of the largest of its kind in Qatar and the region.