Renaissance appoints new CFO

Roundup Sunday 18/December/2022 18:33 PM
By: Times News Services
Renaissance appoints new CFO
Renaissance has appointed Raashid Ali as its new Chief Financial Officer

Renaissance has appointed Raashid Ali as its new Chief Financial Officer. Raashid, who has held leadership positions in organisations across the Middle East and in India, joined the company in December 2022.

In a career span of over three decades Raashid has successfully managed multiple brands under a single asset, implemented financial strategies that have driven capital adequacy, and enhanced shareholder value for companies by scaling up profitability.

A Chartered Accountant, Raashid has worked with leading organisations like DAMAC Group, Aljomaih Automotive (largest General Motors dealer in the GCC), Tatweer/Jumeirah International, Yum! Brands, PepsiCo International and KPMG in the Middle East and India. Raashid was also the founder of Henry Havaldar, one of northern India’s most popular cloud kitchen concepts.

His expertise extends to supply chain management, mergers and acquisitions, commercial bids, statutory, regulatory, fiscal and performance reporting compliances.

Stephen R Thomas, CEO, Renaissance said, “We are glad to welcome Raashid to Renaissance as the company aims for exponential growth with sights on new segments and geographies. We are confident that Raashid’s extensive experience will add great value to our future-focused Renaissance 2.0 objectives delivering smart sustainable service solutions.”

About Renaissance

Renaissance is the leading accommodation, services solutions and IFM company in Oman, listed on Muscat Stock Exchange. The company has invested over US$520 million in Oman employing over 2,600+ Omani nationals contributing to local growth, building potential and creating opportunities. Renaissance is committed to safety, efficiency, green awareness, and sustaining in-country value. The company has built a strong local supply chain with 65% of procurement within Oman and is passionate about building a sustainable future by investing in substantial CSR programmes every year. Renaissance owns and operates Renaissance Village Duqm, Oman’s largest workforce accommodation facility, in the Special Economic Zone at Duqm (SEZAD).