YUSUF Bin Ahmed Kanoo Holdings (YBA Kanoo), one of the largest independent family-owned multinational businesses in the Middle East, has announced the appointment of Fawzi Ahmed Kanoo as its new group chairman.
Mr Kanoo will succeed the late chairman, Khalid Mohamed Kanoo.
The board of directors in a joint statement said: “YBA Kanoo Group board of directors is grateful for the leadership and accomplishments attained by the late group chairman, Khalid Kanoo. As we move forward, we continue to fulfil the family’s strength of legacy and heritage to be a leading company in the region and globally.”
Mr Kanoo said: “I am deeply humbled and honoured to assume the role of chairman of the Yusuf Bin Ahmed Kanoo Group, to take the torch and continue to grow our family businesses. It is a responsibility to uphold the legacy built by generations before us. I remain committed to leading with integrity, principled leadership, and a clear strategic vision. Together with our dedicated teams, we will continue to grow the business, staying true to our core values while embracing innovation and forward-thinking strategies that secure a prosperous future for generations to come.”
Mr Kanoo has a wealth of knowledge and experience, where he held many positions and executive roles within and outside the group.
He joined the family business in 1977, working in Bahrain, Saudi Arabia, the UAE and Oman. Mr Kanoo has headed several business divisions such as shipping, travel, logistics and aircraft handling throughout his career within the company. In 2018, he was the acting chief executive officer of YBA Kanoo Group and became the deputy chairman of the group.
Outside the company, Mr Kanoo has held several seats on multiple boards of major institutions and currently serves as the chairman of the Gulf hotels Group as well as Bahrain Ship Repairing and Engineering Company (Basrec).
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