https://adgully.me/post/4815/shuaa-appoints-hamda-eid-almheiri-to-board-of-directors

SHUAA appoints Hamda Eid AlMheiri to Board of Directors

United Arab Emirates: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has appointed Hamda Eid AlMheiri to its Board of Directors effective 13 December 2023. Mrs. AlMheiri joins the SHUAA Board following a distinguished career spanning several years in private and public sector leadership roles, including extensive experience in the UAE investment industry through her current position with ADQ, an Abu Dhabi-based investment and holding company. Fadel Al Ali, Chairman of SHUAA Capital, said: “The appointment of Hamda Eid AlMheiri to SHUAA’s Board of Directors underscores the company’s commitment to excellence and a leadership team of the highest calibre. As SHUAA begins a new chapter, Hamda’s experience and expertise will be invaluable in achieving our strategic objectives and delivering sustainable growth.”Hamda Eid AlMheiri currently heads the Government Affairs function at ADQ with responsibility for interactions with senior government stakeholders and collaboration with industry advocates. She previously led ADQ’s Corporate Planning and Performance Department. Her professional track record includes roles with the Abu Dhabi Executive Office and Etihad Airways. In addition to her role with SHUAA, Hamda also sits on the Board of Presight, the region’s leading big data analytics company powered by generative AI. Hamda holds a Corporate Director Certificate from Harvard Business School and is a Georgetown Leadership Seminar alumni.
https://adgully.me/post/4015/majeed-al-abduljabbar-appointed-as-the-ceo-of-srerc

Majeed Al Abduljabbar appointed as the CEO of SRERC

Riyadh: The Board of Directors of the Saudi Real Estate Refinance Company (SRC), wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief Executive Officer, effective January 1, 2024 to succeed former CEO, Mr. Fabrice Susini after obtaining clearance from Saudi Central Bank.Al Abduljabbar is considered one of the leading executives within the Kingdom based on his extensive professional career of 26 years within the public and private sector of the financial and banking industry.The company’s Board of Directors expressed their gratitude to the former CEO, Mr. Fabrice Susini, for his extensive efforts over the years in strengthening the company’s position in the real estate finance sector in the Kingdom. He also supported the development of a management team that possesses the best international practices in this field, and contributed to the company’s achievements during his tenure.It is noteworthy that the new CEO of SRC, Majeed Al Abduljabbar, held various positions during his career; most notably, he was serving as the Director of Risks at the Capital Markets Authority (CMA), and as a senior advisor to the Chairman of the Board for the Capital Market Authority, during which he worked on a number of initiatives within the Authority’s plan and strategy in line with the objectives of the Kingdom’s Vision 2030.Al Abduljabbar was also part of the team that supervised Aramco’s public offering in the Saudi market. He also represented the Kingdom in several committees at the International Organization of Securities Commissions (IOSCO).His professional journey included working in the banking sector for more than 15 years with local banks, including the treasury department at HSBC Bank in London, Samba, and Arab National Bank, also he contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB).The Saudi Real Estate Refinance Company (SRC) was established in 2017 with the aim of helping transform the local housing market. SRC obtained a license from the Saudi Central Bank to operate in real estate refinancing through the secondary market.
https://adgully.me/post/2152/ai-powered-tech-firm-travel-genius-announces-three-new-board-directors

AI-powered tech firm Travel Genius announces three new board directors

Dubai: Travel Genius, the most innovative location intelligence platform, has today announced the appointment of three new board directors who will bring with them a wealth of experience in hospitality, brand marketing, business process design and governance.Roshni Pandey, Jagdish Sidhu and David King will all join the company with immediate effect.Hannes Bos, the CEO and Founder of Travel Genius said "Their invaluable expertise, diverse backgrounds, and deep industry knowledge will undoubtedly play a pivotal role in bringing our innovative solutions to life and driving our company's success. Their commitment to excellence and passion for innovation align perfectly with our company's vision and mission."This announcement follows the recent launch of SpotQuest, the world’s first solution with actionable insight for travel professionals. Using unique data points at micro-neighbourhood levels, the new location intelligence platform provides detailed and actionable insights in a fraction of the time it currently takes travel professionals to gather the data.Over the next few weeks, Travel Genius is planning to announce a number of innovative products that are set to disrupt the Travel and F&B industries, by bringing together AI-powered tech and a proprietary database of millions of micro-location data points to create accurate local insights with an accuracy not seen before. 
https://adgully.me/post/1963/avaya-enters-next-chapter-of-accelerated-growth-and-innovation

Avaya enters next chapter of accelerated growth and innovation

Dubai: Avaya Holdings Corp. (“Avaya” or the “Company”), a global leader in customer experience solutions, today announced that it has successfully completed its financial restructuring and emerged from the Chapter 11 process with a growth-oriented capital structure that includes approximately $650 million in liquidity and a net leverage ratio of less than 1x. This milestone completes a critical step in the Company’s business transformation.Alan Masarek, Avaya’s Chief Executive Officer, said, “Today, we turn the page and enter a new future for Avaya, our people and our customers. We are excited to fully realize the hard work we’ve put into our business transformation. We are moving ahead with significant financial resources to accelerate investment in our portfolio as we continue delivering innovation without disruption to our customers. Our customers are at different stages of their cloud journey. They want to move at a pace that meets their business needs – and in a way that allows them to adopt advanced functionality without business disruption. Avaya’s new, streamlined product roadmap was intentionally designed to do just this, incorporating input from our customers about the capabilities most meaningful to them. At a time when innovation has never been more important to an organization’s success, we are proud to be an answer to our customers’ most pressing challenges.”Avaya is focused on building on its iconic brand, global customer footprint and massive partner ecosystem to deliver innovation without disruption on a global scale. The Company’s product innovation investments will continue to focus on the Avaya Experience Platform, which enables organizations to enhance their customer experience capabilities across myriad communications channels. Since the start of the year, the Company has rolled out more than 150 new product features and enhancements across its portfolio and launched Avaya Enterprise Cloud, a dedicated instance of Avaya’s core contact center, collaboration and unified communications software solutions for large enterprises. Avaya remains poised to capitalize on its product development momentum and address the current and future needs of its customers.Mr. Masarek continued, “We are also pleased to welcome a new Board of Directors with extensive industry and financial leadership experience that will help Avaya usher in a new era of growth and operational excellence. Our incoming Board members bring decades of relevant expertise, insights and skillsets to support Avaya as we invest in driving the next wave of innovation in enterprise communications and providing our customers and partners with true omnichannel customer experience solutions.”The Avaya Board of Directors now comprises nine directors, including:Alan Masarek is an industry innovator with over 30 years of experience leading communications, information technology and business services companies.Patrick Bartels, Managing Member of Redan Advisors, LLC, brings over 20 years of experience driving value for stakeholders of private and public companies through governance, incentive alignment, management evaluation, finance, capital markets and M&A.Patrick Dennis, Chief Executive Officer of ExtraHop, brings nearly 25 years of experience leading high-growth public and private companies in the software and information technology industries, including as CEO of Alvaria and Guidance Software and in leadership roles at EMC and Oracle.Robert Kalsow-Ramos, Partner in Private Equity at Apollo Global Management, Inc., is an experienced investment professional with deep expertise in the technology and services sectors and a successful track record of working with management teams to drive growth, innovation and stakeholder value creation.Marylou Maco, most recently Executive Vice President, Worldwide Sales and Field Operations at Genesys, brings three decades of industry experience and expertise in driving revenue and expanding market share in enterprise software, cloud services and network computing for global organizations.Aaron Miller, Partner in Private Equity at Apollo Global Management, Inc. and Head of Apollo Portfolio Performance Solutions, brings three decades of operational expertise driving successful company transformations across sectors.Donald E. Morgan, III CFA, Chief Investment Officer, Managing Partner and Portfolio Manager at Brigade Capital Management, LP, co-founded the firm in 2006 and has been instrumental in driving the firm’s growth, which has approximately $26 billion in assets under management.Tod Nielsen, most recently President and Chief Executive Officer of TalkWalker, is an industry veteran with decades of leadership experience connecting customers to SaaS and software platforms, including in executive roles at Salesforce, VMWare, Heroku, Oracle and Microsoft.Jacqueline Woods, Chief Marketing Officer at Teradata, is a technology and marketing executive with a strong track record of leading corporate transformations and growing successful businesses by enriching customer experiences.Mr. Masarek added, “I appreciate the strong support that our investors have demonstrated throughout this process, and I thank our customers, partners, team members and other stakeholders for their unwavering commitment and trust in Avaya.”AdvisorsKirkland & Ellis LLP served as legal counsel to Avaya, Evercore Group L.L.C. served as financial advisor and AlixPartners, LLP served as restructuring advisor.Akin Gump Strauss Hauer & Feld LLP, Centerview Partners LLC and Alvarez & Marsal LLP served as legal counsel, investment banker and financial advisor, respectively, to an ad hoc group of Avaya’s first lien lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel and FTI Consulting, Inc. served as financial advisor to an ad hoc group of Avaya’s first lien lenders. Debevoise & Plimpton LLP served as legal counsel to certain holders of Avaya’s secured exchangeable notes.