business bites Bahrainthismonth.com 66 May 2024 GFH Partners Ltd, a subsidiary of GFH Financial Group, has announced the appointment of Nabeel Kanoo to its Board of Directors. Mr. Kanoo brings over three decades of diverse business experience to the Board. He is currently the Chairman of YBA Kanoo Joint Ventures and Bahrain Airport Services, and a Board Member of Ebrahim K Kanoo, K Hotel Bahrain and Oasis Capital. He began his career at Arthur Anderson in Al Khobar, Saudi Arabia and has held multiple senior executive roles at Kanoo Travel. Chairman of GFH Partners, Hisham Alrayes, comments: “Mr. Kanoo’s experience in strategic sectors and markets will contribute to GFH Partners’ efforts to further grow its global real estate portfolio as well as investments in the region, where we see exciting opportunities for the Group and our investors in strategic sectors.” GFH Partners currently manages over USD6 billion of real estate assets as part of the total USD21 billion of assets managed by the Group. It invests across the stabilised and core markets of the US, the UK, KSA and UAE, where it aims to capture and capitalise on strong economic growth prospects in these regions. The Labour Fund, Tamkeen, has announced its support for the establishment of PwC Middle East’s Regional Service Delivery Centre in Bahrain, which will provide advisory and operational services across sectors. This initiative aligns with the goals of Tamkeen’s National Employment Programme and aims to offer up to 250 employment opportunities for Bahraini nationals, enhancing local economic contributions. The initiative strengthens Bahrain’s position from which local and international institutions can support the Kingdom and neighbouring countries, while working closely with other PwC delivery centres in the region. Tamkeen Chief Executive, Her Excellency Maha Abdulhameed Mofeez, says: “This partnership aligns with our mission to promote sustainable economic growth, enhance the competitive edge of national talent, and empower Bahraini graduates through employment and training. This service centre will provide valuable experience to Bahrainis and contribute to the growth and development of sectors such as financial services, which contributed 18.1 percent to GDP during Q3 of last year.” Recruitment has begun for the first wave of Bahraini professionals, with an initial intake of 50 hires. The centre aims to reach its operational potential in the coming years and will provide valuable training opportunities to enhance the technical expertise of its employees. GFH PARTNERS APPOINTS NABEEL KANOO TO ITS BOARD OF DIRECTORS TAMKEEN SUPPORTS EMPLOYMENT OF BAHRAINIS AT PWC’S REGIONAL SERVICE CENTRE
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