Abdullah Ashy Appointed Chairman of Ewaan Global Residential

During their latest meeting, the Ewaan Global Residential Board of Directors agreed to nominate Mr. Abdullah Bin Muhammad Ahmed Ashy as the company’s Chairman as of July 2016, as a successor to Engineer AneesMoemena who has been Chairman since 2013.

Ashy’s nomination comes based on his deep knowledge of investment sectors, Islamic financing and consulting, as well as his 13 years of experience where he worked in a number of the most prominent Saudi financial institutions, corporations and real estate developers. These experiences will add value to the company’s vision alongside his academic experience as a former lecturer at the King Abdulaziz University in Jeddah and the Open Arab University’s Jeddah branch.

Ashy has held several important roles at the Islamic Institution for Private Sector Development, which is a subsidiary of the Islamic Development Bank, Ahly Commercial Bank, Ernst & Young, as well as a number of leading companies in the fields of asset management, auditing and others.

Ashy holds a Master’s degree in accounting, as well as a Master’s degree in Business from Griffith University in Australia. He also holds a Bachelor’s degree in Financial Management from George Mason University in the United States and a number of internationally certified professional certifications, most notably the Fellowship from the Australian Institute of Management Accountants, the British Management Institute and the Certified Islamic Banking certification from the General Council for Islamic Banks and Financial Institutions.

The Ewaan Global Residential Company is considered one of the leading real estate development companies in the Kingdom, specialized in developing integrated residential communities. It is a Saudi closed joint stock company which was founded as an initiative by a number of institutions, corporations and businessmen, the forefront of which are the Islamic Institution for Private Sector Development -a subsidiary of the Islamic Development Bank, the Real Estate Growth Company, the Public Pension Agency and the International Investment Bank, in addition to 19 other founding institutions and businessmen.

Ewaan acquired its license as a shareholding company in December 2007, with a capital of 400 million SAR, with headquarters based in Jeddah in the Kingdom of Saudi Arabia.