[ABLEGRP] Non-Executive Director RESIGNATION - KHAYAT, YOUSUF MOHAMED YAQUB Y on 25-Jan-2011

Announcement Date
25-Jan-2011
Board Member Information:
Date of Change
12-Jan-2011
Type of Change
RESIGNATION
Designation
Non-Executive Director
Directorate
Non Independent & Non Executive
Age
53
Nationality
Saudi Arabian
Qualification
Mr Yousuf holds a Bachelor and Master’s degrees in Business Economics from the University of California, Santa Barbara, California and has attended various high level seminars and training programs, including the Columbia University Executive.
Working Experience
Mr Yousuf has over 26 years diversified experience in the fields of banking and investments. He currently holds the position of Managing Director in the Direct Investment Group (DIG) of Saudi Economic & Development Company Limited (SEDCO), looking after the development and management of strategic equity investments in private companies in the Middle East and North Africa (MENA), India, Pakistan and South East Asia. He is also a member of SEDCO’s Management Committee and Executive Committee.

Prior to joining SEDCO, Mr Yousuf worked in various executive positions at Saudi American Bank (now SAMBA Financial Group) in Jeddah and London. His last position was Division Head, Corporate Banking Group. He also worked as an Executive Vice President at a private investment company in Jeddah, Saudi Arabia, focusing on private equity investments in the United States and Europe. He was a member of the Economic & Social Advisory Committee, Makkah Region Governorate and is a member of the American Management Association International. He is Chairman of the Board of Directors of CNA Integrated Technologies Ltd., UAE and a member of the Board of Directors of Gulf Finance House, Bahrain, Egypt Hydrocarbon Corporation, Egypt and PSJI, a Mexico-based real estate development company.
Directorship of Public Companies
Nil
Family Relationship
Nil
Conflict of Interest
Nil
Interest
Nil
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