(MENAFN- The Peninsula) The Peninsula
Doha: Ooredoo Group Managing Director and Team CEO, Aziz Aluthman Fakhroo, has yet again been named as one particular of the Forbes top rated 100 CEOs in the Center East region, being rated in the prime 40 for 2022.
Fakhroo — who appeared at 41 in the 2021 rankings — seems at 40 in this year’s report, released by respected business enterprise journal Forbes.
The rankings recognise the Center East region’s most groundbreaking, prosperous leaders across a extensive vary of industries and verticals, which includes telecommunications and ICT.
Fakhroo has been an Ooredoo Group Board member given that 2011 and was appointed Controlling Director and CEO of Ooredoo Group in November 2020. He served as Deputy Undersecretary for Budget, Treasury and Economic Affairs at Qatar’s Ministry of Finance from 2014 until finally 2020 and just before that was the Co-head of Mergers and Acquisitions at Qatar Financial investment Authority, where by he led some of the sovereign wealth fund’s most high-profile bargains. He is also a Board member at Accor SA considering the fact that 2015.
In March 2021, he was appointed as Board member of Katara Hospitality and as a member of the Board of Trustees of Qatar Museums. In December 2021, he was appointed on the Board of Commissioners of Indosat Ooredoo.
Fakhroo stated:“I’m thrilled to have been recognised yet again between my friends in this prestigious report. We have some phenomenal expertise in the Middle East area, with many groundbreaking leaders, and to have my endeavours and achievements acknowledged in this way is the best of praise indeed.”
Fakhroo joined the Team in hard instances, as the earth navigated the pandemic, and steered the firm to robust monetary efficiency. He led a transformation in the course of the Team that resulted in best-line advancement of over 4%, an enhance in profitability and cost-free money movement growth of above 30% year-on-calendar year in 2021. Applying the Group’s not too long ago refined strategy, he started a rebuild of its portfolio to be certain larger price development, and produced quite a few new appointments in its management team to assist him in Group transformation ideas.
He was behind the high profile merger of Indosat Ooredoo and CK Hutchison, as properly as the firm’s sale and leaseback settlement for additional than 4,200 telecommunications towers in Indonesia – 1 of the greatest specials of its kind in Asia.
“It is my great pleasure and satisfaction to direct Ooredoo Team — below our Chairman H E Sheikh Faisal bin Thani Al Thani — via the difficulties of the earlier pair of several years, and I quite significantly appear forward to continuing our inspiring progress in the a long time to come,” Fakhroo concluded.
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