Arabian Centres, a leading developer, owner and operator of shopping malls in Saudi Arabia, has appointed Khaled Al Jasser as its new CEO.
Prior to joining Arabian Centres (profile), Mr. Khaled Al Jasser (biography) was the CEO of Bank Albilad from May 2009 to March 2016, and under his guidance and leadership, the bank has made significant strides and emerged as a leading Shariah-based financial solutions provider in the kingdom. He previously served as the Executive Vice President of Riyadh Bank.
Commenting on the appointment, Dr. Fawaz Alhokair (biography), Chairman of Fawaz Alhokair Group (profile), the parent company of Arabian Centres, said: “We would like to welcome Khalid Al Jasser to the Arabian Centres family and wish him the very best in his new role. We are confident that his track record in leading several institutions towards growth and success will help Arabian Centres unlock further opportunities for growth in Saudi Arabia, and thereby further transforming the retail sector in kingdom in line with international markets.”
Based in Riyadh, Mr. Al Jasser will lead the company’s major expansion program which is expected to double its retail real estate portfolio in the next three years
Mr. Al Jasser holds a bachelor degree in Business Administration from King Saud University. He has more than 20 years experience in the banking industry in various functions from retail, to corporate, credit, and HR.
Last year, Arabian Centres embarked on a massive expansion program announcing the development of 12 new shopping malls that range in size from 45,000 square meters to 165,000 square meters, with launches spanning from Riyadh to Dhahran. Once completed by 2018, the new developments will double the total portfolio to nearly two million square meters of gross leasable area (GLA), reinforcing its position as the number-one malls developer and operator in Saudi Arabia.
About Arabian Centres
Arabian Centres is the leading developer, owner and operator of international standard shopping malls in Saudi Arabia. It currently operates 18 malls across 10 cities in Saudi Arabia, providing an unmatched shopping and leisure destination for visitors.
Arabian Centres has over 3,400 retail outlets including 530 international and local brands, and unrivaled family leisure offerings.
Arabian Centres’ current property portfolio in the Western region includes: Mall of Arabia in Jeddah; Aziz Mall in Jeddah; Al Salaam Mall in Jeddah; Haifaa Mall in Jeddah; Yasmin Mall in Jeddah; Al Noor Mall in Madinah; Makkah Mall in Makkah; and Jouri Mall in Taif.
In the Central region, the developer owns Salaam Mall in Riyadh, Al Nakheel Mall in Riyadh, Khurais Mall in Riyadh, Sahara Plaza in Riyadh, Tala Mall in Riyadh, Salma Mall in Hail, and Al Nakheel Mall in Qassim. Shopping centres in the Eastern region include: Mall of Dhahran in Dhahran; Al Ahsa Mall in Hofuf, and Al Jubail Mall in Jubail.