Abu Dhabi: Al Yah Satellite Communications Company (Yahsat), a private joint stock company fully owned by Mubadala, has appointed Masoud. M. Sharif Mahmoud as chief executive officer as of June, 2013.
Mahmoud was promoted to the role having previously held the post of deputy CEO since June, 2012. Tareq Abdul Raheem Al Hosani will join the Yahsat Board of Directors and will continue to play a vital role in the organisation’s strategic direction.
Previously, his roles have involved investment management and business development for a number of government and semi-government entities such as Dubai Holding, the Executive Office of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
As CEO, Mahmoud will be instrumental in driving Yahsat’s business objectives forward in 2013 and beyond. He will also focus on the complete rollout of YahClick, Yahsat’s flagship satellite broadband internet service spanning 28 countries in the Middle East, Africa, Central and South West Asia.
“In the coming years I will continue Yahsat’s growth trajectory by expanding the business operation, establishing new partnerships and further nurturing and developing home-grown talent in the field of science and technology,” said Mahmoud.
Commenting on the executive appointments Jasem Mohammed Al Za’abi, Yahsat chairman said: “Tareq played a key role building Yahsat into a world-class satellite communication organisation. Under his guidance and direction Yahsat has gained industry recognition and continues to grow on both a local and international level. I wish Masoud the best of luck in his new roles and have 100 per cent confidence that he will lead Yahsat to further success.”
