Fadi Qassim Appointed CEO of Ewaan Global Residential

Ewaan Global Residential Company, the leading real estate development company in Saudi Arabia, has announced the appointment of Eng. Fadi Qassim as its new CEO, succeeding Mr. Riyadh Al-Thagafi, who decided to vacate the position after a very successful four-year stint at the helm.

“Engineer Fadi is already considered one of the most influential figures at Ewaan as he has made important contributions to making us the leader in Saudi real estate development,” said Abdullah Ashy, Chairman of Ewaan Global Residential Company, as he welcomed Eng. Fadi to his new position. “As he was an active board member, he has accumulated the knowledge and experience to lead Ewaan through its next phase of success and further growth.”

Eng. Fadi graciously accepted the new appointment, acknowledging the trust that has been placed in him. “Ewaan has developed a clear strategic vision for improving the housing situation in the Kingdom, and I am humbled by the Board’s trust in me to realize that vision,” he said. “We are determined to increase our role in enriching the local market by providing high-quality housing at affordable prices so that everyone in the local community can have a home of their own.”

Eng. Fadi will take the reins in leading Ewaan to realize its corporate vision to provide high-quality, affordable housing to Saudis at all levels of the economic ladder. By doing so, Ewaan is aligned with Vision 2030’s roadmap to sustainable development and is dedicated to making its strategic partnership with the public and private sectors an example of the potential for economic cooperation.

Eng. Fadi brings to his new role more than 22 years of experience in real estate development, business development, corporate and project management, investment banking, investment and real estate. Although he began his career after receiving a Bachelor’s degree in Civil Engineering from the University of Bahrain, he truly distinguished as business figure while supervising numerous projects valued in the hundreds of millions of dollars during his time at the International Investment Bank in Bahrain. 

Ewaan Global Residential Company was established through a strategic partnership involving some of the most prominent institutions, companies and businessmen in the region, including the Islamic Corporation for Private Sector Development (ICD) is affiliated with the Islamic Development Bank (IDB); Al Numu Real Estate Development Company (a member of the SEDCO Group); the Public Pension Agency and the International Bank for Development (IBD).