KIPCO – Kuwait Projects Company (Holding) – has announced changes to its executive management team as part of its ongoing organizational development.
The changes, approved by KIPCO’s Board of Directors, take effect on November 15, 2026, and include the promotion of Mohammad Al Hubail to Group Chief Corporate Affairs and Government Relations Officer, the appointment of Sherif Abdel Aal as Group Senior Vice President – Investments, and the addition of Naveen Kumar Rajanala, Group Senior Vice President – Financial Control, to the Executive Management Team.
Commenting on the appointments, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, KIPCO’s Group CEO, said:
“We are pleased to welcome Sherif to KIPCO and congratulate Mohammad and Naveen on their new responsibilities. Their respective experience and knowledge will complement the capabilities of our existing management team. As we continue to implement our strategy, we remain focused on maintaining a strong management structure that supports the Group’s operations and long-term objectives.”
Mohammad Al Hubail brings 30 years of experience in human resources, administration and corporate affairs. He joined KIPCO in 2024 from Kamco Invest, where he held several senior positions since joining in 2009, including Chief Resources Officer and Managing Director of Corporate Affairs and Administration. He currently holds a number of chairmanships and board positions across KIPCO Group companies.
Sherif Abdel Aal brings 28 years of experience in corporate and investment banking, private equity, portfolio management, and investment oversight across the MENA region. He has held senior leadership positions at Kamco Invest and Pharos Holding, alongside roles at several regional financial institutions.
Naveen Kumar Rajanala, who currently serves as Group Senior Vice President – Financial Control, joins KIPCO’s Executive Management Team. He has over two decades of experience in banking, capital management and business transformation, having previously held positions at Dubai Islamic Bank, Burgan Bank and Barclays Bank.
The changes are in line with KIPCO’s ongoing efforts to develop its organizational structure and support the management of its diversified portfolio.
