Posted on February 08, 2017

Al Rayyan Tourism Investment Company (“ARTIC”), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest privately-owned diversified industry groups, is pleased to announce the appointment of Mr. 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. Mr. 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.

H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of ARTIC, commented: “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, helping to achieve its vision of becoming a global leader in the hotel investment and hospitality industry.”

Mr. Tarek M. El Sayed, Managing Director and CEO of ARTIC, commented: “Undeniably, ARTIC is at a key stage 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.”

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