Recently appointed as the CEO of Kuwaiti European Holding, Abdulla Al Humaidi has taken over the leading role at a time when the economy of the country is experiencing great difficulties. Since taking over the reins at Kuwaiti, the leader has focused on improving the overall efficiency of the various departments of the state-owned company. For Abdulla Al Humaidi, these efforts have seen the reduction of costs and the introduction of cost-efficient business procedures and policies. This has allowed the company to increase its profit margins and become one of the biggest players on the international real estate scene.
Under the leadership of Abdulla Al Humaidi, Kuwaiti Europe Holding has made a conscious effort to diversify into different types of industries. These include private placements, investments in the IT and energy sector, and further diversification into the tourism, hospitality, and pharmaceutical sectors. Before he was appointed the CEO of Kuwaiti European Holding, Abdulla Al Humaidi was chief executive of Kuwait Investment Corporation, where he had also served as the director of its investment arm, the Kuwait Investment Fund.
Alhumaidi’s extensive experience in financial affairs and property investing has seen him gain a high number of success for himself and his companies. In terms of real estate, the successful investor has been involved in several prestigious deals in both Kuwait and Abu Dhabi, which resulted in major returns for the state-owned Kuwaiti firm. Abdulla Al Humaidi´s experience in this sector has also led him to convene trans-exchange and cross-border meetings and conferences with other world leaders to strengthen ties between the two countries. Ultimately, he aims to improve the productivity, competitiveness, and quality of life of all residents of Kuwait.
Abdulla Al Humaidi has also served as the CEO of Dubai Holding, which is one of the seven largest holding companies of the stock exchange in the world. Before he became the CEO of Kuwaiti European Holding, Abdulla Al Humaidi served as the chief executive officer of the Middle East Holding Company or MEHC, which is now known as Gulf Investment Council. He was previously the chief operating officer and CFO of the privately-held Dubai Holding. During his term as the CEO of Dubai Holding, Abdulla Al Humaidi implemented several cost control measures and programs, which have reduced operating costs and increased profitability. He has also brought forward mergers and acquisitions and successfully sold Middle East properties to raise funds for the company.