Vision & Mission
Vision
Reef is the premier financing house in the kingdom of Bahrain, differentiated by its superiority in providing tailor-made financing solutions, quality customer service and respect to strategic partners.
Mission
- Extend financing facilities to customers residing in the GCC for their real estate and other personal investments in the Kingdom of Bahrain;
- Make certain that our products fit and address the needs of individual customers;
- Share risks with our customers by offering Islamic Sharia’a compliant products;
- Provide simple, flexible and reliable process to make sure best turn-around times;
- Select dependable strategic partners that add value and provide opportunities to our customers;
- Make every effort to provide unmatched customer service by ensuring that our staff are continuously trained and motivated with a smile and pleasure.
Our Values
Reef believes in value rich business. Everything we do and say is inspired by our beliefs and principles – we translate these concepts into development initiatives and programs.
INSPIRING EXCELLENCE
Our dedication to quality is evident in all we do – from products and services to processes. Our employees are enlightened and empowered to embody excellence and inspire it around them.
PARTNERSHIP
We believe the greatest and most durable results are achieved through partnership and value sharing across sectors and on all levels.
INNOVATION AND ORIGINALITY
As a sector catalyst we are committed to an innovative business approach – whether in designing products and services or responding to opportunities with the flexibility to realize the greatest results.
ACCOMPLISHMENT
Our commitment to accomplishment is based on effective goal implementation. We are driven to be the ‘best of breed’ – and dedicate ourselves to realizing every goal we set.
Board of Directors
Mr. Ali Al Baghli is holding a wide range of professional expertise in the fields of Law, Legal Consultancies and Business also he held many Governmental and Parliament positions. He holds a Master Degree in Comparative Law from Brunel University, United Kingdom. Mr. Al Baghli was the Minister of Oil during the period from 1992 to 1994 as well as a member of the Kuwaiti Parliament during the period from 1992 to 1996. In addition to Chairmanship in Reef Real Estate Finance Company, Mr. Al Baghli sat on the Chairman position of National International Holding Company till 2013 and he is currently the Vice Chairman.
Mr. Saud Kanoo is a pioneer in the real estate investment and development market and the leader of many successful real estate projects. He is the Deputy Chairman of Property Co. YBA Kanoo WLL and the Chairman of Ossis BSC (c), Marsa Project Services Co WLL, Marsa Leisure Co. (Holdings) WLL, Dragon Resort WLL, Jenina Real Estate Holding WLL, Marsa Health & Sports Club Co. WLL, Marsa Hotels Co BSC (c), Chairman - Al Saraya Properties, SAJAN Properties, Chairman – Unicom Graphics WLL and various other Board Memberships. Mr. Saud Kanoo is a B.E. in Civil Engineer/Arch. Engineer from Georgia Institute of Technology, Georgia, USA and MBA holder from Mercer University, Atlanta, Georgia, USA.
Mr. Faisal Al Matrook is the Executive Chairman of Contech Group and Jasaf Building Technology Company in the United Arab Emirates, also Vice Chairman and Head of the Executive Committee at Noor Capital (Abu Dhabi) and Member of the Board of DEPA Group (Dubai), the largest Company in the region with various activities in the field of interiors and hotel fit out & furnishings. In the Kingdom of Bahrain, Mr. Al Matrook is Chairman of the following companies: Al Matrook Group; Kingdom Group of Companies; Amwaj Education Company; Arabian Dredging; Bahrain Mineral Company; Nardin Real Estate Developers; and Dana Company. In addition, he is an Executive Director of Ossis Real Estate (developer of Amwaj Islands in Bahrain), and director of Al Sharif Group, Al Ahlia Shipping Company and Meritas Investments. At Reef, Mr. Al Matrook currently serves as the Chairman of the Executive committee and a member of the Nomination and Remuneration Committee.
Mr. Nasser Al Gharibah is a BA holder from Mercer University, USA. He has more than 35 years of professional experience in the financial sector ranging from insurance to investment banking in both of the regional and international markets. Currently Mr. Al Gharibah is the General Manager of Global Investment House – Bahrain.
Abdul Hamid is a seasoned investment professional with comprehensive knowledge and experience in the GCC and wider MENA region. He brings over 15 years of experience in asset management, investment banking, restructuring and exit strategies development. He played an active role in Global’s USD 1.7bn debt restructuring and successfully transformed the principle investments division into an Asset Management business pillar. Abdul Hamid heads the Special Situations Asset Management department which currently manages a portfolio of special situation assets worth USD450mn and entails proactive management of the underlying positions. Over the past 24 months Abdul Hamid led the disposals of assets worth ~USD 350mnn at an implied exit multiple over targeted asset value of around 1.5x. Abdul Hamid is a board member of a number of regional and international companies in the real estate, insurance, food, industrial, and financial services sectors. During his career, he led or co-led a number of investment banking transactions worth USD700mn covering valuations, financial advisory, mergers and others.
Mr. Yaser Al Jar holds professional experience with over 17 years mainly in the fields of external assurance services, commercial and investment banking, and real estate sector. Yaser started his career in 1998 with Arthur Andersen, one of the largest international audit firms at that time, by working in the external assurance services. Subsequently, Yaser held a number of key positions as Chief Financial Officer in a number of reputable institutions, namely Inovest, Al Khaleej Development Co. (Tameer), Shamil Bank of Bahrain (merged with Ithmaar Bank) and Qatar First Investment Bank. Yaser holds a B.Sc in Accounting from the University of Bahrain. He holds Certified Islamic Public Account “CIPA” and Certified Shari’a Advisor Auditor”CSAA” certificates from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He is an accredited instructor of the Islamic Accounting Standards issued by AAOIFI.
Mr. WaleedAlkhaja joined the Pension Fund Commission in Bahrain as Director of Investment in 2005 after 19 years in the Investment Directorate at the Ministry of Finance. In 2008 he became Director of Investment in the Social Insurance Organization (Pension) and in 2010 Executive Director in SIO Asset Management Company. In 2013 he joined his family-owned business. Mr. Alkhaja is the Managing Director of AMAK Property & Development. Mr. Alkhaja served for two terms on the Board of Directors of Seef Properties and on the Board of Directors of Batelco Group. Currently he is the Chairman of First Bahrain Real Estate Development Co. KSC. And he also serves on the Board of Directors of Bahrain Tourism Co. BSC, Gulf Educational Projects (Applied Science University) and AMAK & Sons. He enjoys a wealth of experience, knowledge and professionalism in the investment business sector. Mr. AlKhaja holds a bachelor degree in Business Administration from North Texas State University.
Committees
| Executive Committee | |
|---|---|
| Director’s Name | Position |
| Faisal AlMatrook | Chairman |
| Nasser AlGhraibah | Member |
| Abdul Hamid Mihrez | Member |
| Audit & Corporate Governance Committee | |
|---|---|
| Director’s Name | Position |
| Saud Kanoo | Chairman |
| Yaser Al Jar | Member |
| Waleed AlKhaja | Member |
| Nomination & Remuneration Committee | |
|---|---|
| Director’s Name | Position |
| Ali AlBaghli | Chairman |
| Saud Kanoo | Member |
| Faisal AlMatrook | Member |
| Sharia’s Advisor | |
|---|---|
| Director’s Name | |
| Sh. Dr. Osama Bahar | |
Management Team
Mr. Hasan Dhaif has over 20 years experience in financial control, auditing and HR and Admin. He is also a Board member in First Reef Company and Reef Investment UK Company. Before joining Reef Real Estate Finance Company, he served in Al Baraka Banking Group as Assistance Vice President - Financial Control, BCFC, Zain Telecommunications, National Bank of Bahrain and Anderson. Mr. Dhaif is a Certified Public Accountant (CPA) from the state of Michigan, USA and a holder of B.Sc in Accounting from the University of Bahrain .
Shari’a Supervisory Advisor
Member of the Shari’a supervisory Board of Global Banking Corporation.
Member of the Shari’a supervisory Board of International Investment Bank IIB
Shari;a adviser for Sakana Holistic Housing Solutions BSC (c) .
Sharia advisor for Bahrain Bourse.
Member of Alizz bank. (An Islamic bank in Oman).
Member of the Shari’a supervisory Board for Family Bank.
Education:
PhD. at Lahaye University (Kingdom Of Holland)..
Master Degree at Al Emam Al Awzae University, (Beirut).
Bachelor degree in Islamic Sharia’a from Prince Abdul Qader University of Islamic Studies, (Algeria).
Corporate Social Responsibilities
We embrace and support partnerships of mutual benefits; this has always lead us to better serve our organisation as well as our community.
Reef – Real Estate Finance Company adopts a Sharia compliant business model, our financing terms, are supported by a set of rules, policies and procedures and take into consideration the interest of our shareholders, our customers and other stakeholders.
Organization Chart
