MAGRABi Retail Group unveils new leadership structure

MAGRABi Retail Group unveils new leadership structure

Appointment of new Chairman and new CEO from within

RIYADH, Saudi Arabia/PRNewswire/ -- MAGRABi Retail Group, the Middle East's leading eyewear retailer, marks the beginning of an inspiring new chapter for 2023 and beyond, with the unveiling of its strategic expansion plans, timed with a newly formed leadership structure.

The official appointments, which have taken effect as of January 1, 2023, include:

- Amin Magrabi, having served as Chief Executive Officer for 14 years, will now assume the role of Chairman of the Board. This pivotal seat in the new leadership structure, will see him lead the business forward and oversee strategic expansion goals in the Middle East and beyond, with a new progressive Board of Directors setup.

- Yasser Taher has held the position of Chief Operating Officer for 14 years, where his entrepreneurial spirit, along with a disciplined approach to strategic implementation, have contributed to propelling MAGRABi Retail Group to its current stature. As the newly appointed Chief Executive Officer, Yasser becomes the first non-family member to hold this position in the history of MAGRABi Retail Group. He will drive the Group's transformation with his unrelenting vision, to position it as a world class leader in its category.

- Ahmed Ghobashi, formerly Chief