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NAS Holding Appoints Bander Al-Muhanna as CEO of the Group

09 February 2015

NAS Holding Appoints Bander Al-Muhanna as CEO of the Group

Riyadh, February 1st:  The National Air Services Group (NAS Holding) announced the appointment of Mr. Bandar Al-Muhanna as Chief Executive Officer of the Group, replacing HE Mr. Sulaiman Al-Hamdan, former CEO of the Group.

Mr. Ayed Al Jeaid, Chairman of the Board at NAS Holding, commented on the new appointment, "We extend our warmest congratulations to H.E. Mr. Al Hamdan for the expression of royal trust manifested in his appointment as President of the General Authority for Civil Aviation and would like to wish him all the success in his new position.  This follows a successful journey filled with achievements at NAS Holding, where he successfully served as CEO of NAS Holding Group and leading a team of experts to build the group and turn it into one of the strongest emerging aviation companies in the region. "


"We’re also pleased to congratulate Mr. Bandar Al-Mohanna on his appointment as Chief Executive Officer of NAS Holding as the right person for this job.  Since his appointment as CFO at NAS Holding in 2006, he was able to lead his team to realize the Group’s vision and take it into new heights.  Al Mohanna is capable to lead NAS Holding Group towards continuous growth and development which enabled him to assume the role of President in 2007, and then to the position of Deputy CEO of the Group. It is certain that his appointment as CEO will enable him to deploy his leadership skills in full capacity to proper the Group forward,” Mr. Al Jeaid said.


From his part, Bander Al-Mohanna said, I extend my deepest thanks and appreciation to the members of the distinguished Board of Directors for their trust.  This is a big honor for me to be appointed to this important position, and I ask the Almighty Allah to help me to continue the successes and achievements of H.E Mr. Sulaiman Al-Hamdan."


Al-Mohanna added, “We will seek to strengthen the excellent reputation enjoyed by the NAS Holding Group companies in the Saudi market and the world, with the support of all employees of the Group and its companies, whom I am certain  will do their best in assisting me on the success of my new mission."


In his previous role as Deputy CEO, Al-Mohanna managed key companies under the NAS Holding Group including flynas, the Saudi National Carrier, NasJet ,the largest and fastest growing private aviation company in the Middle East in addition to flynas Hajj and Umrah.


Al-Mohanna has a wealth of experience and has played a pivotal role in the development and growth of key companies and brands under the NAS Holding umbrella especially flynas.  In addition to that and due to his vast experience, he was able to successfully implement successful growth plans a strategic effectively enabling him to positively contribute to the operational excellence achieved by flynas.


Bander Al-Mohanna has a Master’s Degree in and Actuarial and Financial Mathematics from University of Michigan Ann Arbor and another Master’s Degree in Business Administration from the American University in Washington DC, a Bachelors of Arts in Accounting from King Saud University in Riyadh as well as a certificate of advanced management from Harvard University.


Source: NAS Holding