Makhazen Appoints New CEO and Vice Chairman for Growth

Background

Makhazen, the rebranded entity of Agility Public Warehousing Company K.S.C.P., has announced significant leadership appointments, naming Ahmad Al-Banna as Chief Executive Officer and Khaled Faisal Al-Ghais as Vice Chairman of its Board of Directors. These strategic changes mark a planned transition as the Kuwait-based infrastructure and logistics firm embarks on a new chapter focused on operational execution and sustainable value creation.

Market Context

Ahmad Al-Banna brings over two decades of experience within the Makhazen Group. His tenure as Senior Vice President at Agility Logistics Parks Kuwait saw him transform the company’s industrial real estate portfolio into a globally recognized platform. Al-Banna is noted for his results-driven leadership, managing complex government partnerships and fostering collaboration across public and private sectors.

Local Relevance

Joining the board as Vice Chairman, Khaled Al-Ghais offers more than 25 years of expertise spanning investment banking, corporate governance, and institutional leadership. His distinguished career includes senior roles at prominent international and Kuwaiti institutions such as the Kuwait Investment Authority (KIA) and the Capital Markets Authority (CMA). Al-Ghais’s appointment is set to bolster the Board’s strategic oversight and governance framework.

Outlook

This leadership realignment underscores Makhazen’s commitment to Kuwait’s national economic priorities, particularly infrastructure development aligned with Kuwait Vision 2035. The company aims to reinforce its role as a key growth enabler within the GCC, contributing to regional economic diversification and resilience.

Makhazen's forward strategy prioritizes enhanced operational efficiency, optimized asset deployment, and disciplined capital allocation. The company also plans to pursue growth opportunities across the Kuwaiti economy through constructive partnerships. CEO Ahmad Al-Banna emphasized a focus on strong operating performance and delivering sustainable value while supporting national development through long-term collaborations.

The appointments signal a clear direction for Makhazen, aiming for stability and disciplined growth under experienced leadership. Investors and market observers will be watching closely as the company executes its refined strategy, reinforcing its position in the dynamic Kuwaiti and broader GCC investment landscape.