Kerzner International makes executive appointments
Kerzner International Holdings has promoted Ali Tabbal, who has served as chief financial officer for Kerzner International for the past three years, to chief operating officer, while Saif Al Yaarubi has been appointed as chief financial officer.
Reporting to Kerzner International’s CEO Alan Leibman, Tabbal will oversee the company’s global operations, ensuring alignment of resources, systems and talent to support Atlantis, One&Only and Mazagan resorts, as well as all projects in development.
In this new role, Tabbal will also provide strategic leadership across all key operational areas of the business, including human resources, resort operations, IT and procurement.
As chief financial officer, Tabbal was a major contributor to the company’s growth and success; he successfully executed the financial strategy and optimised its short and long-term capital structure. He also led the team that completed refinancing at both the resort and corporate level.
Commenting on Tabbal’s promotion, Alan Leibman said: “As we continue to grow, we are more focused than ever on developing and inspiring our people to innovate and create amazing and memorable experiences for our guests.
I am pleased to have a strong senior executive team ready to take the company to the next level and am thrilled to have Ali lead the operational side of the business at this exciting time of growth for the company and to have Saif step into the CFO role.
“Ali has been instrumental in his role as chief financial officer delivering outstanding financial performance, as well as steering all divisions of our Company to align with our overall strategy. He is the perfect fit for the new role of chief operating officer.”
“I am also very pleased to have Saif Al Yaarubi join us as CFO. His vast experience over the past 25 years in banking and finance plus his commitment to corporate governance will ensure we exceed the expectations of our owners and stakeholders as we move forward with development projects currently in excess of US $4.5 billion,” Leibman added.
Saif Al Yaarubi has more than 25 years of experience, most recently as chief operating officer, Alizz Islamic Bank, where he contributed to the launch, development and delivery of the bank’s business strategy, in addition to overseeing all back-office related operations.
Prior to Alizz, Al Yaarubi was Finance Director at Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai. He began his career in 1991 in the Finance Department of the Ministry of Defence—Oman and then moved to Dubai in 2000 to join Ernst and Young.
Kerzner International Holdings is an international developer and operator of destination resorts, luxury hotels and entertainment and gaming experiences.
Kerzner’s flagship brand Atlantis, includes Atlantis, The Palm, Dubai, and Atlantis, Sanya Hainan in China, as well as the $1.4 billion Royal Atlantis Resort and Residences under development in Dubai.
Under the One&Only brand, Kerzner manages nine luxury resort properties located in the Bahamas, Mexico, Mauritius, the Maldives, South Africa, Dubai and Australia. One&Only has announced five resorts under development – One&Only Sanya, One&Only Montenegro, One&Only Bahrain and two new resorts in Mexico – One&Only Mandarina and One&Only Santa Maria de Xala.