INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Al-Nefaie named Seera Group CEO

  • Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
  • He has been the vice-president of the revenue department at Makkah Construction and Development Co.

DUBAI: Majed bin Ayed Al-Nefaie has been appointed CEO of Seera Group Holding, a travel and tourism group in the MENA region.
Al-Nefaie was designated as the acting CEO of the group in April, succeeding Abdullah Al-Dawood, who was appointed as a managing director of the group.
Before joining Seera Group Holding, Al-Nefaie had been the vice president of the revenue department at Makkah Construction and Development Co. and director of Makkah Hilton Towers for many years.
He also works with several companies operating in the field of tourism and hotel services and is the chairman of the board of Mawasim Investment Group.
Al-Nefaie has a bachelor’s degree in accounting from Umm Al-Qura University in Makkah, and also completed an advanced diploma in hotel management in the US.