Edamah, the real estate arm of Bahrain’s sovereign wealth fund Mumtalakat, yesterday announced the appointment of Khaled Abdulrahman Al Majed as chief executive, effective March 16, 2025.
With 20 years of experience in the real estate, asset management and finance industries, and his most recent role as vice-president of asset management at Premier Group, Mr Al Majed is a seasoned executive who oversaw the successful execution and management of high-profile developments in local and international markets, a statement said.
He holds a bachelor’s degree of Commerce in Finance from Concordia University, Canada and an Executive MBA from the London Business School, UK.
Mr Al Majed has demonstrated throughout his notable career a proven track record in pursuing and managing real estate investments, effectively leading project companies and cross-functional teams and implementing innovative strategies.
Edamah’s board of directors, chaired by Shaikh Abdulla bin Khalifa Al Khalifa, welcomed Mr Al Majed and expressed their confidence in his ability to lead Edamah into its next phase of ‘Building for Bahrain’.
The board extended their heartfelt gratitude to outgoing CEO Christopher Calvert for his efforts and contributions during his tenure.
Shaikh Abdulla, Mumtalakat CEO and Edamah chairman, said, “Khaled’s strong real estate background, extensive industry relationships and deep understanding of market dynamics positions him well to steer Edamah towards the next phase of its growth.”
Mr Al Majed said, “I am honoured to join Edamah as CEO and look forward to working closely with the board and the management team to expand Edamah’s contribution to the national economy, while supporting the sustainable growth of Bahrain’s real estate market.”
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