The Board delegates authority for the day- to-day management of the Corporation to the Chief Executive & General Manager, who is supported by a Deputy Chief Executive & General Manager, together with an experienced and well-qualified Executive Management team.
Dr. Aabed bin Abdulla Al-Saadoun, Acting Chief Executive and General Manager
Dr. Al-Saadoun has over 20 years’ experience in the oil and gas industry. He has previously spent 18 years with Saudi Aramco in a range of roles between 1994 and 2006, most recently as a Project Engineering Unit Supervisor at Saudi Aramco’s Riyadh Refinery, and as a secondee to the Saudi Arabian Ministry of Petroleum and Mineral Resources (between 2006 and 2012). In 2012, Dr. Al-Saadoun resigned from Saudi Aramco and was appointed Deputy Minister for Company Affairs at the Ministry of Petroleum and Mineral Resources.
Dr. Raed Al-Rayes, Deputy Chief Executive & General Manager
Dr. Al-Rayes has more than 13 years’ experience in commercial and investment banking. He was previously with Al-Rahji Capital (from 2008 to 2014) where he held various roles, most recently Deputy CEO and Head of Investment Banking. He also worked for Saudi American Bank (between 1993 and 1995). He joined APICORP in February 2014.
Dr. Al-Rayes has a Bachelor’s degree in Islamic Economics from Al-Imam Muhammad Ibn Saud Islamic University. He has an MBA, postgraduate diploma in Management & Business Research Methods and a PhD from University of Bradford, UK. He also has a Master’s degree in Management Consultancy from Liverpool John Moores University, UK.
Mr. Bennie Burger , Head of Corporate Strategy & Programme Management Office, Acting Head of Investments
Mr. Burger has 24 years’ experience in the financial services industry. He previously held a wide range of roles at The Standard Bank (at various times between 1990 and 2007), most recently as Regional Director: Corporate and Investment Banking for Southern Africa and Sector Head for Construction and Infrastructure. Between 1998 and 1999 he was a Team Leader: Commercial Banking at BOE Bank and between 1999 and 2001 he was Associate Director: Corporate Banking at PSG Investment Bank. Between 2008 and 2012 he held various roles at Al Rajhi Bank and Al Rajhi Capital, most recently as Director and Head of Investment Banking between 2010 and 2012. Between 2013 and 2014 he was Chief Financial Officer at Algihaz Holding in Saudi Arabia. He joined APICORP in 2014.
Mr. Burger has Bachelor’s degrees in Agricultural and Business Economics and Business Administration and a Masters degree in Business Administration from the University of Stellenbosch and the University of Stellenbosch Business School.
Mr. Nicolas Thévenot , Head of Corporate Finance
Mr. Thévenot has 23 years’ experience in the financial services industry. He has previously worked at Credit Agricole Indosuez in a range of roles between 1992 and 2000, most recently as Vice President-Asset Based Finance/MENA (between 1998 and 2000). He joined APICORP in 2000 as head of the business group for North Africa and the Mediterranean basin in the department that handles the project finance, financial advisory and trade finance activities of the Corporation (P&TF). In October 2004, he was appointed head of P&TF.
Mr. Thévenot has a Bachelor’s degree and a Master’s degree in Public Administration and Economics from l’Institut d’Etudes Politiques de Paris and a post graduate diploma in International Economics from the same institution.
Mr. Hesham Farid , Head of Treasury & Capital Markets
Mr. Farid has 30 years’ experience in the financial services industry. He has previously been a credit officer at Misr Iran Development Bank (between 1984 and 1985) and he subsequently worked in a range of roles at Arab International Bank until 1996, most recently as Head of Fixed Income Investments (between 1990 and 1996). He joined APICORP in 1996. He was promoted to Acting Executive Vice President – Treasury & Capital Markets Department in 2009 and assumed his current position in June 2010.
Mr. Farid has a Bachelor’s degree and a Master’s degree in Business Administration, both from The American University in Cairo.
Mr. Ali Hassan Fadel, General Counsel & Board Secretary and Compliance Officer
Mr. Fadel is a Solicitor of the Supreme Court of England and Wales. He is also a Certified Compliance Officer of the American Academy of Financial Management. Mr. Fadel practiced as an Advocate in Sudan between 1984 and 1993. He subsequently studied in London between 1994 and 1998 where he qualified as a Solicitor and he practiced as a Solicitor in London between 1999 and 2005. He joined APICORP in 2005.
Mr. Fadel graduated from the University of Khartoum with a Bachelor’s degree in Law. Mr. Fadel also has a Master’s degree in Commercial Law from the Queen Mary & Westfield College of the University of London and post graduate diplomas in English Law (Common Professional Examination) and in Legal Practice (Legal Practice Course) from the London Guildhall University.
Mr. Ajay Kumar Jha, Head of Risk Management
Mr. Jha has around 17 years’ experience in the financial services industry. He has previously worked in a range of roles as follows: Loan Officer at TATA Finance Limited (1997 to 1999); Branch Manager at GE Capital, Indore (1999 to 2000); Regional Business Head, Mortgages at ICICI Bank, Kolkata (2001 to 2004); Assistant Vice President, Retail Banking at Citibank (2004 to 2008); Head-Credit & Risk Practice at Accenture (2008), Head of Risk at Amlak International Finance for Real Estate (2008 to 2009) and Head of Risk at Al Rahji Capital (2009 to 2014). He joined APICORP in 2014.
Mr. Jha has a Bachelor’s degree in Chemistry from Delhi University and a Master’s degree in Business Administration from the Institute of Management Studies, Indore, India.
Mr. Mohammed Al-Mubarak, Head of Operations
Mr. Al-Mubarak has over 20 years’ experience in the financial services industry. He previously worked at Banque Saudi Fransi between 1994 and 1998 in a range of roles, most recently as the Head of Nostro Cash Management in the Treasury Operations Department. He joined APICORP in 1998 and assumed his current position in 2010.
Mr. Al-Mubarak has an MBA degree from the University of Bahrain and a Bachelor’s degree in Management from King Fahd University of Petroleum and Minerals, Saudi Arabia.
Mr. Hamdi Bata, Head of Human Resources & Administration
Mr. Bata has around 12 years’ experience in human resources. He previously worked at La Roche College, Pittsburg, USA (between 2003 and 2009), most recently as Director of Academic Support (2006 to 2009), as a Managing Consultant for the Hay Group (between 2010 and 2013) and Head of Shared Services and Organisational Transformation at Castrol (between 2013 and 2015). He joined APICORP in 2015.
Mr. Bata has a Bachelor’s degree in International Management and Information Systems and a Master’s degree in Human Resource Management – Organisational Development & Change, both from La Roche College.