Raed bin Mohammed Al Nuaimi assumed the role of Chief Executive Officer at Dar Al Majed Real Estate Company (Al Majdiah) on November 1, 2026, following board approval on October 22, 2026. Al Nuaimi brings approximately 28 years of professional and leadership experience in the banking and investment sectors, positioning him to lead the Saudi real estate developer as it pursues growth opportunities in the Kingdom's property market.
Al Nuaimi holds a bachelor's degree in accounting from King Faisal University and has completed several advanced programs in leadership, finance, and corporate structuring. During his career, he held senior corporate finance positions at several banks before becoming CEO of a listed company.
Al Nuaimi possesses extensive experience in executive leadership, strategic planning and execution, corporate finance, investment structuring, mergers and acquisitions, business development initiatives, corporate transformation, and corporate governance. He has also served on several company boards.
Career history
- CEO of Al Ahsa Development (ADC), appointed December 22, 2019
- Senior corporate finance positions at multiple banks
- CEO of an unspecified listed company
What Al Nuaimi could bring to Al Majdiah: With nearly three decades of banking and investment sector expertise, Al Nuaimi is positioned to strengthen Al Majdiah's corporate finance capabilities and M&A strategy during a period of growth in Saudi Arabia's real estate market. His proven track record in corporate transformation and listed company management suggests he may drive operational efficiency and shareholder value creation for the publicly traded developer.
Facts compiled by Executive Moves from publicly available news and press releases on 27 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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