Page 5 - Corporate Governance Eng.

Summary of the members of the Board of Directors, including the academic qualifications and work experience:

1- Mr. Rashid Al Nafisi (Chairman)
Received his Bachelors in Commerce Emphasis in (Accounting) from the Faculty of Commerce, Economics &
Political Science - Kuwait University. In more than 42 years of business administration, real estate development
and management, Mr. Rashid Al Nafisi has a track record of diverse achievements. The multiple roles he has
taken on over the past decades underline the breadth of his scientific and practical experience, as well as his
distinct management skills. He has served as the General Manager of Al Nafisi United Group and the Director of
Real Estate Loans Administration at the Kuwait Real Estate Bank. He has also served on the board of a number of
companies and banks, including Kuwait business town realestate Co., the Commercial Bank of Kuwait, Kuwait
Asia bank, Kuwait Airways Corporation, Mazaya Qatar Real Estate Company and Majan Development Company.
Mr. Rashid Al Nafisi was also the Chairman of the Board of Directors of the National Investments Company.
He has extensive experience in the field of real estate development and contracting and he is managing his own
business. Currently, Mr. Rashid is the Chairman of Al Mazaya Holding Company since its inception.

2- Eng. Abdulrahman Al Shared (Vice Chairman)
Received his Master’s Degree in Environmental Science & holds a Bachelor Degree in Architectural Engineering.
Eng. Abdulrahman Al Shared has held senior positions in several sectors. In October 2004, he contributed to the
establishment of Awqaf and Minors Affairs Foundation in United Arab Emirates and was the Secretary General
thereof until May 2009. Moreover, he was a Director for Projects and General Maintenance Sector at Dubai
Municipality from 2001 till 2004 & the Director for the Building and Governmental Housing from 1994 - 2001.
Currently, Eng. Al Shared is a board member in several companies including: Zayed Housing Programme, Dubai
World Trade Centre, Dubai Industrial Investments, Emirates Glass Co., Dubai Club for the Disabled (Voluntary),
Al Mazaya Holding Co.

3- Mr. Abdul Hamid Mihrez (Board Member)
Holds the designation for CFA Since 2005 and received his MBA (Emphasis in Finance) from the Lebanese
American University (LAU) & holds a Bachelor of Science from the American University of Beirut (AUB).

A seasoned investment professional with comprehensive knowledge and experience in the GCC and wider
MENA region. He brings over 18 years of experience in asset management, investment banking, restructuring and
exit strategies development. He played an active role in Global’s USD 1.7bn debt restructuring and successfully
transformed the principle investments division into an Asset Management business pillar. Abdul Hamid heads
the Special Situations Asset Management department at KAMCO INVEST which currently manages a portfolio of
assets worth USD 170Mn. Over the past 5 years Abdul Hamid led the disposals of assets worth more than ~USD
450mn in several sectors. Abdul Hamid is a board member of a number of regional and international companies
in the real estate, insurance, food, industrial, and financial services sectors. During his career, he led or co-led a
number of investment banking transactions worth USD700mn covering valuations, financial advisory, mergers &
acquisitions, capital raising, bond issuance, financial restructuring and listing mandates. He started his career in
the asset management field where he was a member of a fund management team managing two equity mutual
funds.