Makhazen appoints Ahmad Al-Banna as CEO, Khaled Al-Ghais as vice chairman

Makhazen, the new name of Agility Public Warehousing Company K.S.C.P., has announced the appointment of Ahmad Al-Banna as Chief Executive Officer and Khaled Faisal Al-Ghais as Vice Chairman of the Board, marking a planned leadership transition as the company enters a new phase focused on execution and sustainable value creation.

The leadership changes reinforce continuity in Makhazen’s long-term strategy and support Kuwait’s national economic priorities, including infrastructure development aligned with Kuwait Vision 2035.

Leadership profiles

Ahmad Al-Banna brings more than 20 years of experience within the Makhazen Group. Most recently, he served as Senior Vice President at Agility Logistics Parks Kuwait, where he led the transformation and scaling of the company’s logistics and industrial real estate portfolio into a globally benchmarked operating platform.

Known for ROI-driven leadership and execution, Al-Banna has managed complex BOT and PPP government partnerships and strengthened collaboration across public and private sectors.

He holds an MBA from Maastricht School of Management, a bachelor’s degree in civil engineering from Florida Institute of Technology, and is a Harvard Business School alumnus.

Khaled Faisal Al-Ghais brings over 25 years of experience across investment banking, corporate governance and institutional leadership.

His career includes senior roles at Dresdner Kleinwort, Investcorp, the Kuwait Investment Authority, the Capital Markets Authority of Kuwait, and the Gulf Investment Corporation.

Over the past eight years, he led LABCO through a successful operational and financial transformation. He holds a bachelor’s degree from the USC Marshall School of Business and an MBA from London Business School. His appointment strengthens board governance and strategic oversight as the company scales.

Strategic focus

Makhazen said the next chapter will prioritize operational efficiency, optimized asset deployment and disciplined capital allocation, while advancing growth opportunities across the Kuwaiti economy through long-term partnerships.

“This chapter is defined by execution,” said Ahmad Al-Banna, CEO. “Our focus is on strong operating performance across our asset base and delivering sustainable value for shareholders and stakeholders, while supporting national development priorities through enduring public-private partnerships.”

Khaled Faisal Al-Ghais, Vice Chairman, added: “With a strong institutional foundation and governance framework, the Board will provide clear strategic oversight as management executes the next phase of growth with stability and discipline.”

Chairman Faisal Jamil Sultan said: “I extend my sincere appreciation to Tarek Sultan for his contributions in building Makhazen’s institutional strength. The company is well positioned to move forward with clarity, strong execution and a long-term strategy aligned with national priorities.”

Makhazen board of directors

• Faisal Jamil Sultan — Chairman (Arab Markets for General Trading and Contracting)

• Khaled Al-Ghais — Vice Chairman (White Tower for General Trading and Contracting)

• Saqer Mohammed Alrashoud — Board Member (Public Institution for Social Security)

• Abdulaziz Nader Al-Essa — Board Member

• Naser Mohammad Fahad Al-Rashed — Board Member

• Sultan Anwar Al-Essa — Board Member

• Abdulmajeed Al Shatti — Board Member