The GSMA has appointed Jawad Abbassi as its regional head for the MENA region. Abbassi, who is the founder of Jordan-based research and consultancy firm Arab Advisors, will step down from his role as general manager of Arab Advisors to take on his new job at the GSMA on October 1st. He will, however, retain ownership of the company.
“Leaving the management of the company I founded 15 years ago, is a bitter sweet threshold. The team of Arab Advisors Group has contributed greatly and meaningfully to the TMT sector in the Arab World. The company grew in size and reputation and continues to be a pillar of reliable research, analysis and thought leadership in the region. I am confident that the team I leave behind at Arab Advisors and the new genera manager will continue to contribute greatly to the industry as well as generating excellent consistent returns to shareholders, myself included,” Abbassi said.
Back in September, 2005, the Arab Jordan Investment Bank (AJIB) and Arab Advisors Group had concluded an agreement by which AJIB buys a 55% stake in Arab Advisors Group. The cash transaction allowed AJIB and the Arab Advisors Group to leverage strategic synergies to enhance the quality and scope of services of Arab Advisors Group. Arab Advisors Group -a private shareholding company registered in Jordan- is currently owned by the Arab Jordan Investment Bank (55%) and Abbassi (45%).