Dr. Mazen Hassouneh

Board Member & CEO-Alyusr

Dr. Hassounah has over 43 years of experience in engineering, planning, corporate advisory, banking, investment banking, and asset management services in various academic and non-academic positions in Saudi Arabia, Canada, and the UK.

Along with his current position as the Managing Partner of Mawakher Development Company (since 2009), he previously served as:

  • Managing Director of Alyusr for Leasing & Finance (2021–2023)

  • Managing Director of Alissa Group of Companies (2019–2021)

  • CEO & Managing Director of Rana Investment Company (2000–2008)

  • Deputy CEO (1995–2000)

Earlier, he worked (1982–1995) as:

  • Civil Engineer at Royal Commission for Jubail and Yanbu (Saudi Arabia) and W.S. Atkins (UK)

  • Research Associate at University of Toronto (Canada)

  • Assistant Professor at University of Southampton (UK)

Current Board Memberships:

  • Member, Board of Directors, HyperPay Inc.

  • Chairman, SHUAA Capital KSA

  • Member, Board of Alyusr for Leasing & Finance

  • Member, Board of Arab Palestinian Investment Company (APIC)

  • Member, Audit Committee of Red Sea International

  • Chairman, Audit Committees of APIC and Al Suwaidi Group

Previous Board Memberships:

  • Best Trading Company

  • Abdulatif Alissa Group Holding Company

  • AXA Cooperative Insurance (Chairman of Audit and Compliance Committees)

  • Almanara Communication & Information Technology

  • Ettihad Etisalat (Mobily)

  • Investment Committee Member, Riyadh Chamber of Commerce and Industry

Education:

  • B.Sc. in Civil Engineering from University of Petroleum & Minerals, Dhahran, Saudi Arabia (1982)

  • M.A. (1988) and Ph.D. (1992) in Planning from University of Toronto, Canada