Nehad Dwikat appointed to President of MEI Automotive and Finance at MEI Group

Arlington, May 22, 2023 - MEI Group, a global organization based in Texas, proudly maintains diversified business interests in automotive sales, finance, real estate, and technology. We are excited to announce that Nehad Dwikat has been appointed as the President of MEI Group of Automotive Sales and Finance, effective May 1st. This appointment confidently demonstrates MEI’s resolute commitment to accelerating its growth initiatives through exceptional leadership and driving innovation in the automotive industry.

Nehad Dwikat’s recent promotion to a crucial position is a testament to his exceptional 17-year tenure with the MEI Group. Starting out as an accountant, he witnessed the company’s remarkable growth from a small establishment with only two dealerships to a formidable conglomerate with over 20 registered companies in various sectors, employing over 350 personnel. His extensive business knowledge and unwavering commitment to excellence have been instrumental in MEI’s financial success, generating hundreds of millions in revenue annually.

Upon receiving the news, Nehad expressed his humility, saying, “It was a truly humbling experience. I am honored to lead the Automotive and Finance division and am committed to its success. “I will carry on Mr. Mahrouq’s vision for the MEI Automotive and Finance divisions of the group. We have an unwavering commitment to our community and charities. Our top priority is to provide our employees and their families with the absolute best workplace environment. Our ultimate goal is to exceed our customers’ expectations by delivering high-quality, dependable, and reasonably priced vehicles.”

Nehad, as President, aims to improve the automotive sales and finance division by utilizing MEI’s resources to acquire highquality vehicles at competitive prices. He plans to enhance inventory acquisition and leverage technology and innovation to empower the insurance sector within MEI. The goal is to offer better products at more affordable prices while maintaining a competitive advantage in the industry.

Maintaining compliance is a key focus for Nehad Dwikat, especially in the regulated areas of automotive, finance, and insurance. To ensure regulatory adherence, MEI has a dedicated in-house compliance team and partners with reputable legal firms specializing in consumer financing. These measures enable MEI to navigate the market with confidence and integrity. MEI’s chief compliance officer has extensive experience as a former auditor with OCCC, making him well-versed in the regulatory aspects of the business, according to Dwikat.

Sam Mahrouq, CEO and Chairman of the Board at MEI Group, expressed his unwavering confidence in Nehad’s ability to steer MEI towards greater heights, stating, “Nehad’s appointment as President of MEI Automotive and Finance is a strategic move for our organization. His exemplary leadership and visionary approach to growth make him the ideal candidate for this position. We firmly believe that Nehad will further propel MEI Group’s success and elevate our position in the market.”

Jacob Long, the Vice President of finance, shared his excitement and admiration: “Mr. Dwikat is a remarkable person and exceptional leader who inspires greatness in those around him. He possesses a unique talent for balancing the company’s success, the well-being of employees and their families, customer satisfaction, our community, and charitable organizations. Mr. Dwikat’s level of sophistication and expertise is unparalleled, and both the MEI Finance and Automotive divisions are thrilled and proud of Mr. Dwikat’s accomplishments and the future of MEI.”

Under Dwikat’s leadership, the MEI Automotive and Finance divisions are poised to solidify their position as a pioneering force in the industry. Meanwhile, Ikon Technologies will continue its rapid expansion and triumphs with Sam Mahrouq as its President and CEO. Mahrouq will dedicate his time, expertise, and foresight to meet the escalating demands of the company. This strategic maneuver highlights the significance of Ikon’s accomplishments within the MEI Group and reinforces Dwikat’s elevation to oversee MEI’s Automotive and Finance sector to even greater heights of success.

About MEI Group:

MEI Group is a globally renowned company with a diverse range of business operations, including automotive sales and finance, real estate, insurance, technology, international trade, and resorts. With over 20 companies operating under its umbrella, MEI Group consistently upholds the highest standards of integrity, regulatory compliance, and client satisfaction while delivering exceptional products and services.