Mohammed Alshaya named businessman of the year

Arabian Business Awards recognise outstanding business achievements and praise investment in region's retail sector

Kuwait, 27 June 2010: Mohammed Alshaya, Executive Chairman of M.H. Alshaya, has been named Businessman of the Year by the Arabian Business Kuwait Awards. The judges recognised Mr. Alshaya's outstanding business achievements and praised Alshaya's investment in the region's retail sector.

Mohammed Alshaya said, "I am honoured to have received this prestigious award. Although I am named as recipient, I dedicate it to all our Associates and staff and I would like to thank them all for their contribution.

"The previous 12 months have been very positive for company. There is a real appetite for international brands from the region's increasingly cosmopolitan and discerning customer base, and we look forward to this continuing."

Alshaya owns and operates more than 1,800 franchise stores in 15 countries and employs around 18,000 people from 60 nationalities. M.H. Alshaya is one of the Middle East's leading retailers.