Dr. Mazen Hassounah has over 43 years of experience in engineering, planning, corporate advisory, banking, investment banking and asset management services in various positions across Saudi Arabia, Canada and the United Kingdom.
He currently serves as Managing Partner of Mawakher Development Company, a Project Development Company, a role he has held since 2009. Previously, he was the Managing Director of Alyusr for Leasing & Finance (2021- 2023), Managing Director of Alissa Group of Companies (2019- 2021). He was also CEO & Managing Director of Rana Investment Company (2000- 2008), and Deputy CEO (1995- 2000).
During the years 1982 to 1995, Dr. Hassounah worked as a Civil Engineer with the Royal Commission For Jubail and Yanbu (Saudi Arabia), W.S Atkins (UK). He also held academic positions including Research Associate with University of Toronto (Canada), and Assistant Professor at University of Southampton (UK).
Currently, and in addition to being member of the Board of Directors of Arab Palestinian Investment Company (APIC), Dr. Hassounah is also member of the Board of Directors of HyperPay Inc., and Alyusr for Leasing & Finance. He also Chairs the audit committee of APIC and Alsuwaidi Group and is a member of the Audit Committee of Red See International.
Previously, Dr. Hassounah served as Chairman of the Board of SHUAA Capital, Saudi Arabia. He was also a board member of Etihad Etisalat Company (Mobily), AXA Cooperative Insurance Company, Best Trading Company, and Abdulatif Alissa Group Holding Company. Moreover, he was member of the Investment Committee of the Riyadh Chamber of Commerce and Industry.
Dr. Hassounah holds Bachelor’s degree in Civil Engineering from the University of Petroleum & Minerals in Dhahran, KSA (1982), and a Master’s degree (1988) and PhD (1992) in Planning from the University of Toronto, Canada.