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[April 13, 2014]
KCPC cancels managing director role, appoints CEO [Construction Week (United Arab Emirates)]
(Construction Week (United Arab Emirates) Via Acquire Media NewsEdge) RELATED ARTICLES: KCPC wins back $10.6m bond l KCPC signs deal to sell elevator arm to Schindler l Site Visit: Prime Tower, Business Bay Kuwaiti contractor KCPC has announced that it has cancelled the role of managing director and instead appointed Mr Fawwaz Al Badr as chief executive officer.
The company's former managing director, Moayed HM Al Saleh, is also the company's chairman.
The company, which carries out projects both in its home market and in Dubai, last month announced a 14% increase in net profits for its 2013 financial year to $7.6mn (KD2.1mn).
Projects completed to date include the Prime Tower office building in Dubai's Business Bay and the Kuwait National Petroleum headquarters in its home market.
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