THE MIDDLE EAST’S
22. Mohammad Abdulhameed Almubarak
Designation: CEO
Company: Knowledge Economic City (KEC)
Country: Saudi Arabia
Establishment Date: 2006
Almubarak joined KEC as chief investment officer in 2019 and became CEO in January 2022. KEC was established as a Saudi joint stock company in 2010. Covering an area of 6.8 million square meters, KEC’s projects include Madinah Gate, the Al Alya’a scheme, KEC Hub, the Islamic World District, and Dar Al Jewar. It has partnered with Mouwasat Hospital, the Museum of the Biography of the Prophet and Islamic Civilization, and the Dar Al Madinah Museum. In the first nine months of 2023, KEC reported total assets worth $998.7 million and revenues of $16.7 million. It had a market cap of $1.1 billion as of November 14, 2023. Almubarak is also a board member at the Gulf Real Estate Development Company.