7th APRIL 2015 - Vol.XXXVIII No.018
Business News

Sims resigns as CEO of Naseej

MANAMA: Naseej's board of directors yesterday announced that Christopher Sims has resigned as the company's chief executive effective May 28.

Mr Sims has quit to pursue his career elsewhere, the company said in a statement yesterday.

"I have proudly grown Naseej over the last three years, from inception through to a dynamic and successful real estate company," Mr Sims said.

"I leave the company with a solid foundation and a bright future," he added.

The company's project and investment committee chairman and board member Mohammed Khalil Alsayed has taken charge as interim chief executive and managing director with immediate effect.

Mr Alsayed, a seasoned professional with extensive experience in the public and private sectors in project investments and development of large real estate and capital projects, is actively involved in the operations of the company.

"Chris' departure does not change the primary objective or Naseej's positive prospects for the future," Mr Alsayed said.

"Naseej will continue its strategic focus on growing revenues and on the imminent conclusion of the public private partnership transaction with the Housing Ministry, together with the realisation of other developments in Bahrain and elsewhere," he added.

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