Q Holding names new chairman in major restructuring
ABU DHABI, January 10, 2024
In a major restructuring, Q Holding, a leading Abu Dhabi-based investment company, has appointed Jassem Mohammed Buatabh Al Zaabi as its new chairman, while Abdullah Al Sahia will take over as the managing director and Bill O’Regan as the new Group CEO.
The recently appointed management team contributes a wealth of expertise and experience from diverse sectors, forming a robust and dynamic team poised to propel Q Holdings' mission to new heights.
Al Zaabi currently holds other key positions, including that of Chairman of the Department of Finance - Abu Dhabi, Secretary General of the Supreme Council for Financial and Economic Affairs, and Board Member of the Abu Dhabi Investment Authority. Additionally, he also serves as the Chairman of Modon Properties.
Al Sahi joins Q Holding from Modon Properties, where he served as the Managing Director and was a member of the team that founded Modon Properties back in 2018 and was the CEO.
He was earlier the Undersecretary of the Department of Municipalities and Transport in Abu Dhabi in 2020, and his experience encompasses development investments, strategic supervision of project implementation, and general development activities management across various sectors, said the statement.
The new group chief O’Regan holds a Bachelor’s Degree in Civil Engineering from the University of South Wales, UK, and a Postgraduate Degree in International Construction Management from Bath University, UK.
He has been the CEO of Modon Properties since 2020.
O’Regan has been responsible for delivering on a number of mega projects including Hudayriat Island, Mina Wharf, Al Dhafra Region Eco-Tourism projects, Riyadh City National Housing, Baniyas North Development, and was with the Abu Dhabi Urban Planning Council.
Al Zaabi said the company will continue to work to contribute to advancing economic growth in the emirate, keeping pace with the comprehensive and accelerated development in the country, and setting new standards in the field of various strategic investments.
On his new role as Chairman, Al Zaabi said the company remains committed to fostering economic growth in Abu Dhabi.
He expressed the intent to align with the nation’s comprehensive development, while also establishing new benchmarks in strategic investments.
"For the upcoming phase, our primary objectives include concentrating on the progress and economic vitality of our projects, intensifying efforts to create an integrated and sustainable system guided by a well-defined strategic vision," stated Al Zaabi.
"Additionally, we aim to collaborate on the execution of high-quality projects across various sectors," he added.-TradeArabia News Service
