Energy House

About The Energy House Holding Company

The Energy House Holding Company K.S.C.P. (“Energy House”) - previously known as “AREF Energy Holding Company” - was formed in September 2007 as a subsidiary of AREF Investment Group (“AIG”). In December 2011, AIG sold a 29% equity interest in Energy House to the Development Enterprise Holding Company K.S.C. (Closed) (“DEH”), which is a wholly owned subsidiary of Kuwait Finance House (“KFH”).

In August 2012, DEH acquired an additional 66.76% equity interest in Energy House from AIG and Others, in accordance with Capital Markets Authority (CMA) Law No. 7 of 2010 and its Executive Regulations. With this acquisition, DEH currently holds 95.77% of the total outstanding shares of Energy House, and consequently, DEH is the new parent company of Energy House; with KFH being the ultimate parent company.

The Energy House is a publicly listed company on the Kuwait Stock Exchange (ticker: ENERGYH) with a fully paid-up capital of KD 75 million (~US$ 250 million). Since inception, The Energy House has managed to acquire strategic stakes in a number of energy-related companies with operations geographically spreading over different regions, but primarily within the MENA region. All of the company’s current and future investments are under the financial principles and policies of Islamic Sharia law.

Vision-Mission-Values

Vision

To become the leading energy investment holding company in the region with a strong business identity, with distinctive high performing assets, an environmentally friendly conscience, with high quality, competent personnel, in order to maximize stakeholder’s returns and capital value.

Mission

To manage investments in the energy sector including hydrocarbons, power and other related energy sources, services, equipment and technologies in the MENA region and globally.

Create a strong business identity by providing strategic guidance to our subsidiaries and affiliates for capacity building and growth, while meeting international standards of excellence in all aspects of business operations, processes and ethics.

Multiply our stakeholders’ satisfaction by generating wealth and adding value, embracing an environment-friendly culture and training employees for quality output, growth and innovative contribution.

Our Values

We adhere to a clear set of values that will drive our operating principles and business ambitions, which are fundamental to the way we work.

Management Team

Board of Directors

  • Ahmad Eissa Al-Sumait Ahmad Eissa Al-Sumait
    Chairman

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    Ahmad Eissa Al-Sumait
    Chairman


    Mr. Al-Sumait is currently the General Manager, Treasury Department at Kuwait Finance House. He has been in a number of senior treasury, finance and Ministry roles in Kuwait. He has previously held roles in the Ministry of Interior and with Bank of Kuwait & the Middle East (BKME). He is the Secretary General for the Kuwait Financial Markets Association, as well as, the Kuwait Country Representative for the Interarab Cambist Association. Mr. Al-Sumait holds a Bachelor of Economics and Political Science from Kuwait University.

  • Bader K. Al-Zamami Bader K. Al-Zamami
    Vice Chairman

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    Bader K. Al-Zamami
    Vice Chairman


    Mr. Al-Zamami has been in or affiliated with the oil & gas business for the past 35 years. He began his career with Kuwait Petroleum Corporation, where he spent 30 years working in supply operations, planning, strategy, marketing/sales (crude oil, jet fuel, naphtha, gasoline & LPG) to his last position as Deputy Managing Director, responsible for worldwide sales of crude oil and light petroleum products. Mr. Al-Zamami has held a number of board positions with investment companies in Kuwait. Mr. Al-Zamami holds a Bachelor of Science degree in Industrial Engineering from the University of Miami.

  • Yousef K. Al-Qabandi Yousef K. Al-Qabandi
    Board Member

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    Yousef K. Al-Qabandi
    Board Member


    Mr. Al-Qabandi has nearly 30 years of experience in the oil sector. He has held a variety of senior positions at Kuwait Petroleum Corporation (KPC) working in Marine Management, International Marketing and Sales (crude oil, jet fuel, naphtha and gasoline), Governmental Relations, and his last position as Deputy Managing Director for International Marketing and Sales. He is currently Chairman of the Audit Committee in Kuwait Petroleum International. Mr. Al-Qabandi holds a Bachelor of Science degree in Industrial Management from Kuwait University.

  • Abdulrahman S. Al-Barjas Abdulrahman S. Al-Barjas
    Board Member

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    Abdulrahman S. Al-Barjas
    Board Member


    Mr. Al-Barjas has an extensive experience in the area of real estate investing. He is currently an Assistant Vice President of the Real Estate Investment Department at KFH Capital, where he manages the national real estate portfolio owned by the Kuwait Investment Authority. Mr. Al-Barjas previously worked with other investment companies such as A’ayan Leasing and Investment Co. and Boubyan Capital. He is a Board Member of KMC Holding Co., a wholly owned subsidiary of Kuwait Finance House. Mr. Al-Barjas is a graduate of Kuwait University, where he received a degree in Computer Engineering.

  • Sulaiman Ben SalamaSulaiman Ben Salama
    Board Member

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    Sulaiman Ben Salama
    Board Member


    Mr. Ben Salama is currently working in KFH Capital Investment Company, Kuwait as Manager, Real Estate, and Contracting Companies’ – Private Equity Department.

    He is an Investments Manager and Certified Valuation Analyst (CVA) with more than 7 years of in-depth experience in Private Equity sector. Handled portfolio of companies and able to deliver superior final product. Represented Kuwait Finance House (KFH) and KFH Capital in many of its subsidiaries and associates as a Board Member, Vice Chairman and Chairman to properly direct the management of such companies. Varied experience that provides valuable perspective to the organization, strengthening team work and setting the vision, focus, goals, and strategies that produce the best possible business results of the companies managed. Knowledgeable in Governance and Capital Market Authority (CMA) regulations.

    Mr. Sulaiman holds a Bachelor’s Degree of Accounting, Finance and Marketing from University of Wisconsin-Milwaukee, USA with top honors.

    Board Memberships:

    • Saham Holding Co. – Chairman
    • Development Enterprise Holding Co. – Vice Chairman
    • Specialities Group Holding Co.- Board Member
    • KFH Private Equity – Executive Director

Executive Management

  • Mr. Nabil M. Al-Sabih Nabil M. Al-Sabih
    Chief Executive Officer

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    Nabil M. Al-Sabih
    Chief Executive Officer


    Mr. Al-Sabih has over 25 years experience in the fields of oil & gas management, investments, structuring, marketing & sales, trading and business development. Mr. Al-Sabih spent 15 years with Kuwait Petroleum Corporation in various capacities. His last position was as a Director of Business Development responsible for their international downstream business development and merger/acquisition activities in Asia and the USA. He also spent 10 years as an investment and strategic advisor for a number of regional and multi-national entities through a private boutique investment and advisory company in Kuwait. He was responsible for the origination of advisory services and fund raising to large clients in the GCC, USA and Asia across various sectors, including energy, real estate, commodities, infrastructure/construction and manufacturing. Mr. Al-Sabih is a graduate of Georgetown University, where he received a Bachelor of Science in Business Administration degree.

  • Mr. Nabil M. Al-Sabih Sameer M. Al-Tawil
    Chief Financial Officer

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    Sameer M. Al-Tawil
    Chief Financial Officer



    Mr. Al-Tawil is responsible for the financial leadership of the Energy House Group. He named Group Chief Financial Officer of Energy House Holding effective from January 2017. Prior to being named CFO, Mr. Al-Tawil was Senior Audit Manager in Deloitte Kuwait.

    Mr. Al-Tawil is a chartered accountant, he has over 17 years of experience in the field of audit , assurance , accounting and financial advisory he Spent most of his experience with big four auditing firms in Egypt and in Kuwait through his career with PwC and Deloitte.

    Mr. Al-Tawil proven areas of competency Across his career, he gained a highly diversified experience in different sectors of Oil & Gas , Real Estate ,Investment, Construction and Manufacturing.

    Mr. Al-Tawil holds a Bachelor Degree in Commerce from Ain Shams University – Egypt in 1999. And earn a diploma in Feasibility study and project management from Cairo University – Egypt in 2007. He is a Certified Public Accountant (CPA) from New-Hampshire board of accountancy – USA and hold a certificate in International Financial reporting Standards (IFRS) from ACCA.