Bahrain's Inovest chooses a new CEO
"The appointment of Murad Al Ramadan as CEO of Inovest is a manifestation of our belief in the team within Inovest and in retaining talent that we are confident can take on the challenge of implementing the board's ambitious strategy for the company, which God willing we expect will bring Inovest into a new era of profitability and growth," Inovest Chairman Khaled Al Sanousi said.
Al Ramadan came to Inovest in 2009, when he was hired as deputy chief executive officer and head of investment for Tameer, Inovest's real estate development division. He was then promoted to chief investment officer for Inovest.
"I am truly pleased to undertake the role of CEO at Inovest in the knowledge that the vision and strategy with which the executive management is pressing forward mirrors that of our board as representatives of our shareholders' expectations," Al Ramadan said.
Al Ramadan has worked in investments, asset management and real estate for more than 17 years. He has extensive experience in new business development, deal sourcing and investment exits.
"The investment climate and financial industry in general are facing a challenging time due to economic and political developments within the region; such factor press upon the board the necessity of going the extra mile in our risk management strategy across the organization," Al Sanousi said. "Despite such challenges, with the support of the board and the entire family within the Inovest Group, we hope to see Inovest reach much greater milestones."