Tarek Aggad

Tarek Omar Abdul Fattah Aggad (born 1971/72) (Arabic: طارق عمر عبد الفتاح عقاد‎)is a Saudi businessman. He is the executive director of the Aggad Investment Company (AICO) - a Saudi diversified holding firm.[2] Aggad sits on the board of directors of several manufacturing, distribution and services companies in Palestine, Jordan and Saudi Arabia. In 1994, the Arab Palestinian Investment Company (APIC) was founded by his father Omar Aggad. It is an investment company with nine subsidiaries in the fields of consumer goods, pharmaceuticals, cars, retail and construction materials and Tarek Aggad is the chairman, CEO,[3] and owner of 20.5% of the company.[4]

Tarek Aggad
Tarek Aggad
Born
Tarek Omar Abdul Fattah Aggad

1971/1972 (age 48–49)[1]
Alma materHarvard University
OccupationChairman, CEO and 20.5% owner, Arab Palestinian Investment Company
Spouse(s)Shirine Aggad
Parent(s)Omar Aggad

Since its founding, APIC has become one of the largest operators in Palestine, employing around 2000 employees. Subsidiaries of APIC offer a wide array of products and services through distribution rights agreements with multinational companies that include Philip Morris, Procter & Gamble, Kellogg's, Hyundai, Chrysler, Dodge, Jeep, Alfa Romeo, Fiat, Fiat Professional, XL Energy, Abbott, B. Braun, Eli Lilly, GlaxoSmithKline, Sanofi Aventis and Nivea, among many others.[3]

Early life

Aggad was born in Lebanon in 1971, the son of Omar Aggad, and grew up in Riyadh, Saudi Arabia where he attended local schools. He holds a bachelor's degree in Economics from Harvard University, US.[5]

Career

Aggad serves as a director on a number of boards including Aggad Investment Company, Palestine Power Generation Company, Palestine Electric Company, Bank of Palestine, King Hussein Cancer Foundation, King’s Academy as well as other companies in Palestine, Jordan, and Saudi Arabia.[2]

In 2001, Aggad was named a Global Leader of Tomorrow (GLT) at the World Economic Forum in Davos. In 2006, President Mahmoud Abbas appointed Aggad as a board member of the Palestine Investment Fund, the investment arm of the Palestinian people (PIF) and remained as a board member until February 2020.[5]

Personal life

He is married to Shirine Aggad, and they have four children.[6]

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References
  1. Tarek Omar Abdul Fattah Al-Aggad. "Tarek Omar Abdul Fattah Al-Aggad: Executive Profile & Biography". Bloomberg. Retrieved 2017-01-17.
  2. "Aico.com". Aico.com.sa. Retrieved 2016-04-11.
  3. "APIC Home Page". APIC. Retrieved 4 May 2016.
  4. Fox, Marisa (2016-04-07). "Panama Papers: Leaks reveal Abbas' son's $1m holding in company with ties to Palestinian Authority - Middle East News". Haaretz. Retrieved 2017-01-17.
  5. "Tarek O. Aggad, Chairman and Chief Executive Officer (APIC), Executive Director, Aggad Investment Company, Saudi Arabia". APIC. Retrieved 4 May 2016.
  6. "APIC establishes scholarship fund for Palestinian students at King's | King's Academy". Kingsacademy.edu.jo. 2014-01-20. Retrieved 2016-04-11.
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