The Board of Directors of Ewaan Global Residential Company has recently agreed to nominate Eng. Anees Moumina as the chairman of the company and successor to Sheikh Saleh bin Mahfouz who has been the chairman since the company's inception in 2007. Nominating Moumina as the chairman comes after taking a good look into his various fields of experience. Currently he holds the position of CEO of SEDCO Holding Group and prior to joining the SEDCO Group has a rich experience profile that exceeds 25 years working in private companies and the financial sector. He worked in the Samba Group (previously known as the Saudi American Bank) where his last position was general manager and chief credit officer. In his long career he has gained a wealth of experience in many different sectors including industrial, real-estate, investment, transportation, renting and Islamic banking. His early experience was gained by working with Procter & Gamble in Saudi Arabia. Moumina received his Master's degree in the Science of Management in Engineering with honors, and his Bachelor's degree in Civil Engineering Science with honors, from George Washington University in the US. He has also attended many in-depth executive programs including a course in international leadership at Harvard University and a program for top chief executives at Columbia University.
Ewaan Global Residential Company is a Saudi closed joint stock company that works in the field of real estate development and was established through the strategic partnership of some of the strongest financial and development institutions in the region including the Islamic Corporation for Private Sector Development (ICD), which is affiliated to the Islamic Development Bank (IDB), Al Numu Real Estate Development Company (a subsidiary of the SEDCO Group), the Public Pension Agency and the International Bank for Development (IBD). In addition there are 19 other founders including companies and businessmen. Ewaan Global Residential Company received its license as a joint stock/corporate in December 2007 with a capital of SR400 million and has its headquarters in Jeddah. — SG
