UCI Announces Dr. Bashar Azzeh as Board of Directors Member

UCI Announces Dr. Bashar Azzeh as Board of Directors Member

August 27, 2018

Ramallah, Palestine – Aug 27 2018 - The Union Construction and Investment Company (UCI) is delighted to announce the joining of Dr. Bashar Azzeh to UCI’s Board of Directors as a representative of United Marketing & Services Co (UMS), which took place during the Fourth meeting of UCI board of directors that held on 30 July 2018. UCI’s Chairman, Dr. Mohamed Al Sabawi, and all the members of UCI’s Board of Directors and the company employees welcomed the addition of Dr. Azzeh.

Dr. Bashar Azzeh, born and raised in Jerusalem, is a leading entrepreneur and youth activist in Palestine. He left Palestine after high school to pursue his higher education in the US, obtaining a BS in Telecommunication Systems, a Masters in Management and a PhD in Political Economy. After returning to Jerusalem in 2006, Dr. Azzeh worked on the development of the Palestinian economy through entrepreneurship, developing the social sector by initiating several NGOs, and leading various youth initiatives.

The CEO and Vice Chairman Eng. Khaled Al Sabawi highlighted the unique expertise and skills that Dr. Azzeh will bring to the Board of Directors, which reflects UCI’s commitment to safeguarding the shareholders" interests and enhancing the company"s ability to achieve sustainable growth. He added that they will continue developing their approaches and strategies to meet the needs of their customers and achieve the best return on their investment in the real estate sector in Palestine. It is worth noting that all members of the Board of Directors have extensive experience, expertise and competence that make UCI a leading company in the real estate sector.

UCI held its Twelfth Ordinary and its Fifth Extraordinary GA meetings on Tuesday July 24th 2018, at the company"s headquarters in Ramallah. The company’s branch in Gaza, the Chairman of the Board and some Board members based in Cyprus joined in via video conference.

The Twelfth Ordinary GA meeting was headed by Chairman Dr. Mohamed Al Sabawi and Vice Chairman Eng. Khaled Al Sabawi. Also present were the company’s controller, representatives from the Ministry of National Economy, a representative of the Palestinian Capital Market Authority, the external auditor and the company’s legal advisor, in addition to the members of the Board of Directors, the executive management team and the company shareholders.

A week following the GA meeting, on 30 July 2018, UCI held its Board of Directors meeting, where it was agreed that the distribution of internal posts for the members of the Board of Directors would be as the following: Dr. Mohamed Al Sabawi - Chairman of Board; Eng. Khaled Al Sabawi - Vice Chairman; Mr. Ahmad Al Salahat - General Secretary; Dr. Bashar Azzeh - Member - Representative of United Marketing & Services Co (UMS); Mrs. Nahed Kamel Al Kishawi - Member - Representative of Ahlia Insurance Co; and, Mr. Ayed Al Sabawi - Member - Representative of Skyline Co.

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