JEDDAH – SEDCO Holding Group (Saudi Economic and Development Company) has announced the appointment of Anees Ahmed Moumina as Chief Executive Officer succeeding Dr. Adnan Abdulfattah Soufi whose three-year term expired at the end of 2012. Moumina said: “Dr. Adnan Soufi has done a wonderful job during his career at SEDCO Holding Group, especially over the past three years during which his mission was centered on the success of changing the management process in order to expand the group's business activities under the umbrella of SEDCO Holding Group.” “In taking up my new position, I thank the Board of Directors of SEDCO Holding Group for the confidence they have placed in me and I look forward to fulfill their expectations and contribute to the further success of the company,” he added. Moumina started his career with the Saudi American Bank (now known as the Samba Financial Group). Throughout his banking career, his work has brought him into contact with a wide variety of business sectors including contracting, trading, manufacturing, investments, real estate, transportation, leasing, government and public sector activities, remedial management and Islamic banking. – SG
