Dhaman Honors Abdullah Al-Sabeeh Welcomes Director-General Rashed Al-Haroun

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) honored Mr. Abdullah Ahmed Al-Sabeeh on the occasion of the end of his term as Director General of Dhaman on this occasion, the new Director General of Dhaman, Mr. Rashed Ahmed Al-Haroun, presented a memorial shield to Mr. Abdullah Al-Sabeeh in appreciation of his efforts during his 5 years term that extended between 2019 and 2024.

Mr. Rashed Ahmed Al-Haroun took over as the Director-General of the Arab Investment and Export Credit Guarantee Corporation (Dhaman), under the decision of the shareholders' council, at its 51st meeting in Egypt, after having been nominated by the State of Kuwait and supported by the council member countries, succeeding Mr. Abdullah Ahmed Al-Sabeeh.

Dhaman also organized a ceremony to welcome the new Director General, Mr. Rashed Ahmed Al-Haroun, in the presence of Dhaman’s staff.

In this context, Al-Haroun expressed his thanks and appreciation to the government of the State of Kuwait for nominating him for that position. He also expressed his thanks and gratitude to the Shareholders' Council and all the governments of member states for their valuable trust by endorsing him. The new Director-General, further, thanked his colleagues in Dhaman's Board of Directors for their support and cooperation, wishing the former Director-General, Mr. Ahmed Al-Sabeeh, the best of luck and good health.

The new Director-General looks forward to the coming period with more optimism, supported by the Shareholders' Council, member states, Board of Directors, executive management’s efforts, and the corporation’s staff. He wished that they would continue efforts to strengthen the role of the corporation whose cumulative operations exceeded $29 billion at the end of 2023, and to expand its insurance operations and research, development support services, and regional and international alliance frameworks. This is part of a wide-ranging insight into all opportunities and challenges imposed by the ongoing regional developments and future scenarios, thus contributing to attaining Dhaman's goals and maintaining its creditworthiness and financial capabilities.

Al-Haroun, the fifth Director-General of Dhaman since it was established in 1974, has diverse and important experience in finance, investment, industrial, investment, and economic fields. He held several posts such as Advisor to the Kuwaiti minister of finance and the minister of commerce and industry.

Al-Haroun also held several positions at private and public companies in Kuwait and abroad between 2004 and 2011, including member and then chairman of the Board of Directors of "Bitumat Company Limited", the largest company for the roofing waterproofing industry in Saudi Arabia, member of the Board of Directors and executive committee of Al-Rawabi Dairy Company in UAE, member of the Board of Directors of Kuwait International Advanced Industries Company (HDPE PIPES), member of Board of Directors of Crown Paper Mill company in UAE, and assistant chief of Gulf Investment Corporation (GIC) for private equity.

Al-Haroun holds a bachelor's degree in finance and business administration from Denver University in the U.S.A, and had several regional and international training programs and courses in finance, investment, private equity, and management consulting from Brown Brothers Harriman company in New York, and others.

He also participated in many regional and international conferences and activities, especially in investment, finance, industry, consulting, and entrepreneurship.