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ANNUAL REPORT

2015

Educational Background / Work Experience

Dr. Jarkas received his Bachelor and Master of Science Degrees in Civil Engineering

from The University of South Carolina, Columbia, USA, and a Doctor of Philosophy

(Ph.D.) Degree in Construction Engineering and Projects Management from the

University of Dundee, Scotland, UK. He is a Fellow of the UK Society of Professional

Engineers, Registered Chartered Engineer (CEng) by the UK Engineering Council

(ECUK), and a Registered International Professional Engineer (Int.PE) by the UK

Engineering Council. He is also an active member in several International Professional

Associations, Engineering Institutes/Societies, and Arbitration Tribunal Panels. Dr.

Jarkas is an authority in Projects and Construction Management with an extensive

research record of over 40 peer-reviewed publications in the area of Projects and

Construction Management, particularly, in the fields of Constructability, Buildability,

Construction Productivity, Lean Construction, Benchmarking, Bidding Practices,

Construction Complexity, Learning Phenomenon in Construction, and Motivation.

His practical experience spans over twenty years and encompasses: Planning and

Design Management; Structural Design; Structural Damage Assessment; Risk Analysis

and Management; Constructability Analysis;Value Engineering; Mediation, Arbitration

and Alternate Dispute Resolution (ADR); in addition to Projects, Contracts and

Construction Management. His Managerial and Technical skills are specifically suited

for Management of Real Estate Developments, Projects and Complex Construction

Management. Currently, Dr. Jarkas serves as the Vice Chairman of Al Mazaya Real

Estate Development Co., KSCC.

Mr. Khaled Abdulatif,

MBA, CPA, CMA, CFM

Acting CEO - Dubai Office Operations

Eng. Cem Yolcu,

CFA

CEO - Mazaya Turkey

Educational Background / Work Experience

Mr. Khaled holds a Bachelor Degree in Accounting from Faculty of Commerce

– English Department, Alexandria University, Egypt and holds an Executive

“MBA” from Cass University, London. He holds designations of Certified Public

Accountant “CPA”, Certified Management Accountant “CMA” and Certified

Financial Manager “CFM”.

Mr. Khaled has over 20 years of operations, corporate finance, consulting, audit, banking,

and accounting experience. Mr. Khaled was Chief Operating Officer of F&S Holding

Company. From 2005 to 2011, he was Senior Vice President – Finance & Operations

of Al-Muthanna Investment Company, a wholly owned subsidiary of Kuwait Finance

House. He served as Chief Financial Officer, Vice President and Assistant Secretary

of couple of U.S. Property Co. He also was Board Member of Florida Atlantic BOCA

Research Park And Deerfield Research Park, State Of Florida, USA. He was Board

Member of Muthanna Financial Brokerage Company. He started his career with Barclays

Bank, where he worked in the corporate and investment banking department. He has

wide and extensive experience in audit and consulting having previously worked with

Ernst &Young and Arthur Andersen. During his service with those firms, he was acting

managerofalargeportfolioofmediumtolargesizeclientsandwasresponsibleforoverall

assignment control, client relationship coordination, and quality control assurance.Mr.

Khaled is a Board Member of The Kuwaiti Manager Company for Managing Real Estate

Projects and internal audit committeemember of MawaredUnited Investment Company.

He also is an instructor for full courses of professional designations.

Educational Background / Work Experience

Mr. Cem holds a Charter as Chartered Financial Analyst “CFA” as well as a

Bachelor Degree in Electric and Electronic Engineering from the Middle East

Technical University in Ankara, Turkey.

Eng. Cem's professional career includes 15 years of practical experience in several

fields, the most prominent of which were the financial, consulting, administrative,

communications, real estate industries and other sectors. Before joining Al

Mazaya, Mr. Cem occupied the position of Director of Strategic and Planning

Sector in Zain Telecom Company between 2003 and 2011. Moreover that, he

occupied the position of senior consultant at the International Administrative

Consulting Company - Accenture. It is worth noting that Mr. Cem contributed in

introducing many gulf companies to the Turkish market. Most of these companies

worked in the fields of real estate, technology and communications.

11

Dr. Abdulaziz Jarkas,

Ph.D, P.Eng., CEng

MIED, Int. PE, FSPE

Chief Projects Officer

Mr.Ahmed Harfoush,

CPA

Chief Financial Officer

Educational Background / Work Experience

Mr. Harfoush received his Bachelor of Science in Accounting with honors, English

section from Tanta University -Egypt. He is also a Certified Public Accountant

(CPA) from the State of New Hampshire, USA.

Mr. Harfoush has held remarkable senior positions in the Real Estate Market

with over 15 years of experience. He served as the CFO of National Real

Estate Company in Kuwait, where he worked for 8 years.The Company holds

consolidated assets of more than USD 1.8 Billion and had more than 40 direct

and indirect regional subsidiaries in real estate activity. Mr. Harfoush also held a

notable position as the Chief Audit Executive for NREC in Kuwait for 1 year during

the initial stage of compliance with the guidelines and requirements of Capital

Markets Authority of Kuwait. Moreover, Mr. Harfoush’s served for 3.5 years in

RSM International Auditing Firm in Kuwait as a Director of Quality Assurance &

technical assistance for the office as well as providing inhouse trainings to the

auditors about the financial reporting and auditing standards. He worked for 3

years at Commercial International Bank, Egypt, being the largest private sector

bank in Egypt. This makes him retain a diverse range of experience in various

fields such as finance, accounting, auditing and banking.