FIRST BAHRAINI ON BUSINESS ELITE AWARDS ‘40 UNDER 40’

Mohammed Al Kayed, the former chief executive of Sevens Holding, has become the first Bahraini to win the top rank in an elite list of young executives and entrepreneurs shaping the present and future of the region’s business sector.

Business Elite’s ‘40

Under 40’ is a prestigious awards programme and

Mr. Al Kayed outperformed 40 participants who competed with him to win the award, which identifies outstanding young executives and entrepreneurs in global business and creates networking opportunities. Mr. Al Kayed is the current adviser to the chairman of Sevens Holding, a leading company in the field of hospitality, food and beverage in Bahrain, and is responsible for all operations and real estate management of the company including general strategic directions, setting priorities and monitoring asset performance.

Through this, he built an administrative and financial structure for a private contract worth more than $300 million, and reduced annual expenses to maintain financial stability during the pandemic-fuelled recession. The young leader also built and launched a hotel and resort with a 5-star rating in Bahrain demonstrating excellence in stimulating business organisations to take advantage of emerging opportunities.

Commenting on the achievement, Mr Al Kayed said: “It is a great honour to receive this award from a prestigious institution. Thanks are also due to Sevens Holding chairman Shaikh Khalifa bin Rashid Al Khalifa for his continuous support and guidance.”

It also provides information on the amounts that must remain in individuals’ accounts, and it automatically sends an order to cancel the seizure of the amount and debit the individual’s bank account immediately after the bank’s response to the court order.

This system is expected to increase flexibility, transparency, and speed in the overall process of procedures.

Dr. Waheed Al Qassim, CEO of the Bahrain Association of Banks, highlighted the Association’s role as an effective mediator between the Ministry and the banking sector during the testing period of the new system, ensuring that all parties’ requirements were met. He stated that the system is expected to gradually evolve in the interest of all, taking into account all suggestions to ensure the implementation of all provisions smoothly while safeguarding the rights of individuals and banks.