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Board of Governors


The Board of Governors is the highest governing body of the GCC BDI. The board consists of nine representatives from the founding companies. Each governor nominates an alternate. The main role of the board is to set and guide the mission and the strategy of GCC BDI, determining its policies and monitoring their implementation. It is also responsible for ensuring that procedures and processes are in place for the protection of the company’s assets and reputation and that all relevant legislations, regulations and best international practices are complied with. 


Mohammed Al-Shroogi

Mohammed Al-Shroogi is the former Co-Chief Executive Officer of the global investment group, Investcorp.  He joined  in 2009 as President of Gulf Business.  Mr Al-Shroogi joined Investcorp from Citigroup where he was Division Executive for the Middle East and North Africa region and CEO for UAE.  He had a 30 year career with Citigroup in Bahrain, London and the UAE, amongst his many achievements at Citigroup was establishing Citibank Bahrain as a major trading room between Asia and Europe.


Khalid H. Al Dabbagh

Khalid H. Al-Dabbagh has been the Financial Controller at Saudi Aramco since January 2012. As Controller, he is responsible for Saudi Aramco’s worldwide accounting activities and the Company’s annual financial report. He is currently the Chairman of the Saudi Aramco Trading Company Board Audit Committee, chairs the King Abdullah Petroleum Studies and Research Center Investment Management Company, and is a Board member of Saudi Aramco Energy Venture, Saudi Aramco Entrepreneurship Center and Sadara. Most recently he was appointed as a member of the Shareholder Committee of Arlanxeo, a joint venture between Saudi Aramco and Lanxess.

Mutlaq Al-Morished

Mutlaq Al-Morished is the Chief Executive Officer of TASNEE.  Prior to his current role, Mr. Al-Morished was the Vice President of Corporate Finance (CFO) at SABIC. Prior to that, he was Vice President of Shared Services, President of SADAF and HADEED, consecutively. Mr. Al-Morished also sits on the Board/Executive Committees of SABIC R&T, ALBA (Bahrain), Saudi Fund for Development and The Girls’ College in Jubail.  He is Chairman of the Board of YANSAB and KAYAN.

Ahmed Alumar

Mr. Ahmed Alumar has worked in SABIC for 31 years since 1987 . Prior to current position, Mr. Ahmed held the position of Vice President, Global Oxygenates Business unit for 5 Years. Before that, he was based in Singapore between 2008 and 2011 where he led SABIC Asia Pacific regional Operations. Mr. Alumar has an EMBA from King Fahad University of Petroleum & Minerals in Dhahran and a Bachelor degree in Business Administration from King Abdulaziz University in Jeddah.

Mohamed Hamad Al-Shehi

Mr. Mohammed Hamad Al-Shehi has been the Deputy Director General at the Department of Finance, Government of Dubai, since February 2006. He holds an Executive Master of Business Administration from Zayed University and a Bachelor of Arts, major in accounting, from the U.A.E. University.

Hans-Martin Stockmeier

Hans-Martin Stockmeier is the Senior Partner of the McKinsey & Company and Hans-Martin has more than 25 years of experience and has served clients in the financial-services sector—retail and commercial banks, wealth-management providers, securities exchanges, and financial regulators-on a wide range of topics. Hans-Martin is an expert on corporate governance, strategy, organisation, and operations and has wide experience in working on projects together with GCC BDI across all sectors. Hans-Martin holds a Masters degree in Finance from the London School of Economics and a doctorate degree in financial economics from Humboldt University in Berlin.

Michael Morcos

Michael Morcos is the Heidrick & Struggles Managing Partner of the Middle East and North Africa region. He is based in their Dubai office where he is also a member of the Financial Services, Private Equity, Energy, Natural Resources and Global Technology & Services practices.

Hani Ashkar

Hani Ashkar is the Territory Senior Partner for the Middle East region of PwC, which comprises the GCC, Levant and North Africa. He joined PwC in 1994 and was admitted as a partner in 2004. As part of his regional leadership role, Hani represents the Middle East on PwC’s global Strategy Council as well as the Central Cluster Leadership Team.

Khalid Garousha

Khalid Garousha is a Partner in the Abu Dhabi office of Allen & Overy LLP. He is an English qualified solicitor and has been practicing law in the Middle East since 2000. Khalid specializes in corporate and corporate finance work and has significant expertise in international and regional transactions in the Middle East.

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