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Tribune News Network
Doha
Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding, has appointed Tarek M El Sayed as its new chief executive officer and managing director.
"In the last few years, ARTIC has grown significantly through new acquisitions and a strong project development pipeline. The logical next step now is for ARTIC to seek a public listing on one of the leading stock exchanges," the company said in a statement released on Wednesday.
"Tarek El Sayed is the team's natural choice to oversee this important corporate milestone reflecting ARTIC's absolute confidence in his abilities and his significant achievements within Al Faisal Holding, where he has been instrumental in leading the group to the strong position it is in today."
ARTIC Chairman Sheikh Faisal bin Qassim al Thani said,"ARTIC has succeeded in establishing itself as a leading company in the hospitality sector on the local, regional and international stages. Now we are eager to start the next chapter in the company's journey by seeking a public listing on a leading exchange."
"Tarek M El Sayed has been a great asset to our group where his boundless ambition and flair have been instrumental to the success which we have achieved this far. I am fully confident that under his leadership, ARTIC will thrive and prosper even further."
Tarek El Sayed said,"Undeniably, ARTIC is at a keystage in its growth story, particularly as it seeks a listing on a leading international exchange. For me to be appointed to lead the Company at this exciting time is a great honor and I look forward to building on its very successful track record to date."
