A strategic appointment signaling a new phase of institutional growth and investment excellence

Jeddah, Saudi Arabia – 16May

Al Nahla Group is pleased to announce the appointment of His Excellency Ihsan bin Abbas bin Hamza Bafakih as Executive Vice Chairman – a strategic step that reflects the Group’s continued commitment to strengthening executive leadership, enhancing institutional performance, and driving sustainable growth.

H.E. Bafakih brings over 25 years of executive experience in strategic transformation, public sector leadership, and investment development. He previously served as Governor of the State Properties General Authority and held senior leadership roles, including CEO and Vice Chairman of MASIC (Mohammed I. Alsubeaei & Sons Investment Company) & Masic Logistics. He also held key positions at HSBC, the Saudi National Bank, and the Saudi Authority for Industrial Cities.

He has served on the boards of several high-impact organizations, including the Misk Foundation, the Tourism Development Fund, the Royal Commission for Makkah City, and the US Saudi Business Council.

H.E. Bafakih is known for his ability to transform family-owned businesses into sustainable institutional entities and for developing high-performance investment strategies that deliver long-term value and organizational stability.

Commenting on his appointment, H.E. Ihsan Bafakih stated: “I am honored to begin this journey with Al Nahla Group, one of the Kingdom’s most prominent family businesses and a key contributor to the national economy. My ambition is to build on this legacy and jointly lead a new era of excellence, empowerment, and impactful investment.”

Mr. Abdulrahman Hassan Sharbatly, Chairman of the Board of Directors, added: “This appointment marks a new phase of institutional maturity for the Group. It reflects our focus on effective governance and operational excellence. We are confident in H.E. Bafakih’s leadership and experience to guide Al Nahla toward its strategic aspirations and reinforce its position as a trusted national and investment partner.”