Mubasher chairman Al-Ballaa receives award at AEF

May 24, 2015 12:38 PM

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Mubasher chairman Al-Ballaa receives award at AEF

Cairo – Mubasher: Mohamed Al-Ballaa, chairman of Mubasher Financial Services and executive chairman of National Technology Group (NTG), was honoured at the 23rd session of the Arab Economic Forum (AEF) that was held on 15-16 May in Beirut.

The event was attended by over 1,000 government and private sector leaders, decision makers and figure heads, which included ministers of finance, economy, investment and commerce.

Al-Ballaa’s award was in recognition of his businesses vision and success over the last three decades of his career during which he played a fundamental role in the launch of a range of businesses in Saudi Arabia, which have risen to become market leaders in their field, according to a company statement.

He is the chairman of a family business, Rashid AlBallaa and Sons Group, which is the holding company for the group’s equity stakes in a range of businesses in which Al-Ballaa holds executive chairman positions.

These companies include NTG (National Technology Group), which has more than 20 subsidiaries employing around 3,000 IT professionals; DirectFn Group, a prominent electronic trade and brokerage technology provider and a market data specialist in the region; and Mubasher Financial Services, one of the region’s leading financial services firms.

Commenting on the award, Al Ballaa, said: “Over the last 30 years, I have worked with great management teams both within my own family business and within the firms we have founded. Together we have created dynamic, successful businesses, which have helped the growth of knowledge based economies across the region of which I am very proud. It has been a team effort, so I would like to thank all of those that worked so hard for so many years to make the businesses in which they work a success. ”

Malek Kanawati, CEO of Mubasher Financial Services, said: “We congratulate our chairman on this prestigious award, which recognises his significant achievements over the last 30 years. He is a role model in who we can be both proud and be inspired by.”


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