Adel Hamiduddin, Chief Investment Officer

Adel Hamiduddin

Chief Investment Officer

Al Maqar Development Company

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, Petroleum Engineering
Experience
21 years, 5 Months

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Work Experience

Total years of experience :21 years, 5 Months

Chief Investment Officer at Al Maqar Development Company
  • Saudi Arabia - Medina
  • My current job since December 2020

Reported to CEO for a newly created role to lunch and manage investment of real estate assets as well as lead business development activities. • Responsible for developing and managing a diverse investment portfolio of high net worth Company’s assets (Valued over SR one billion). • Develop and drive investment strategy plan, long and short term business plans, investment process and policies, RFPs, RFQs and RFIs. • Successfully develop strategic alliances (ex. M.M, GAA, SLH, Modon and SPGA) to facilitate growth and expansion. • Perform high-mix best use studies on new investment opportunities. Successfully achieved ExCom approval for tendering several investment projects in different business models with total capex over SAR 2 billion that led to achieve 100% increase in annual revenue.

Investment Director at Madinah Development Authority
  • Saudi Arabia - Medina
  • August 2019 to December 2020

Reporting to Chief Investment and Socioeconomic Officer and responsible for MDA’s assets and investment development. • Develop investment and business development strategy targeting annual revenue SAR +400 Million. • Manage investment portfolio consisting over +60 BOT real estate contracts. • Lead investment initiative for the Madina’s BRT project.

Vic-Deputy of the Mayer for Investment at Madinah Regional Municipality (MOMRA)
  • Saudi Arabia - Medina
  • June 2020 to December 2020

Temporary Assignment and reporting to Deputy of the Mayer for Investment • Responsible for developing investment strategy for real estate assets, changing management and process, and leading investor attraction initiatives. • Lead PPP investment projects set by MOMRA for Madina’s Municipality (e.x: Outdoor Advertising Project for all Madina City.

General Manager at Medra Arabia
  • Saudi Arabia - Dammam
  • June 2017 to March 2019

Reporting to Chairman of the board and responsible for P&L and entire operation of the company. • Re-strategize company position to grow existing business and establish new business. • Manage entire sales, service after sale, operation, financials, HSE and support services. • Achieve an increase in revenue by 300 %. • Achieve Aramco’s approval to serve gas pipeline operations. • Negotiate with clients to improve contractual T&C. • Improve operation efficiency and fleet utilization. • Developed technical partnership with US based company to engage in LSTK projects in KSA.

General Manager at Stork Technical Services
  • Saudi Arabia - Khobar
  • November 2015 to May 2017

Reporting to the board of directors and responsible for P&L and entire operation of the company. • Formulate and execute business strategies to grow existing business and establish new business. • Monitor and reviewed the financial operational performance. • Manage entire sales, service after sale, workshop operation, HSE and support services. • Preparing business plans, budgeting, financial reporting, and dashboard reports for shareholders.

Vice President, Busness Development at Trican SSOC Well Service Ltd
  • Saudi Arabia - Khobar
  • June 2011 to August 2015

Reporting to President of the company and responsible for business development function and implement the business growth plan. • Successfully landed new service line with new technology that first time implemented in KSA. • Achieve signing several service contacts with Saudi Aramco and lead negotiations to close deal worth USD 150 million for long form service contract.

Director, Business Development - Oil & Gas at XENEL Industry Ltd- Service Group
  • Saudi Arabia - Khobar
  • June 2007 to May 2011

Reporting to Managing Director and responsible for establishing new business in potential sectors (O&G). • Conducting market assessment for investment and new business opportunities in Oil and Gas sector. • Active team member for negotiate and conclude JV partnership agreements with several international company. • Active team member in investment initiative for mega projects with Saudi Aramco.

General Manager at Medra Arabia Est
  • Saudi Arabia - Khobar
  • August 2004 to May 2007

Reporting to Chairman of the board and responsible for establishing the commercial and operation of the company. • Conclude project feasibility study and liaise with local banks and SIDF for financing. • Negotiate and closed agreements with OEMs in US and lead business development with client and secured MOUs.

Production Manager at SIPCO Company
  • Saudi Arabia - Dammam
  • June 2002 to July 2004

Education

Bachelor's degree, Petroleum Engineering
  • at King Fahd University of Petroleum and Minerals
  • January 1996

Specialties & Skills

Oil and Gas
Corporate Development
strategic
Marketing Research
Developments
BUSINESS DEVELOPMENT
MANAGMENT & LEADERSHIP
ENGINEER
OPERATIONS
Coatching
operations management
people management
performance management
operation
planning
marketing
negotiation
problem solving

Languages

Arabic
Expert
English
Expert
Russian
Beginner

Training and Certifications

Coaching Leader (Certificate)
Date Attended:
March 2010
Valid Until:
June 2010