New CFO Named for Oman’s Renaissance Services

Renaissance Services has appointed Raashid Ali as its new chief financial officer. Raashid, who has held leadership positions in organizations across the Middle East and in India, joined the company in December 2022.

In a career span of over three decades Raashid has successfully managed multiple brands under a single asset, implemented financial strategies that have driven capital adequacy, and enhanced shareholder value for companies by scaling up profitability, Renaissance said in a press release.

A Chartered Accountant, Raashid has worked with leading organizations like DAMAC Group, Aljomaih Automotive (largest General Motors dealer in the GCC), Tatweer/Jumeirah International, Yum! Brands, PepsiCo International and KPMG in the Middle East and India. He was also the founder of Henry Havaldar, one of northern India’s most popular cloud kitchen concepts.

His expertise extends to supply chain management, mergers and acquisitions, commercial bids, statutory, regulatory, fiscal and performance reporting compliances.

Stephen R Thomas, CEO of Renaissance Services, said, “We are glad to welcome Raashid to Renaissance as the company aims for exponential growth with sights on new segments and geographies. We are confident that Raashid’s extensive experience will add great value to our future-focused Renaissance 2.0 objectives delivering smart sustainable service solutions.”

Renaissance is the leading accommodation, services solutions and integrated facilities management (IFM) company in Oman, listed on the Muscat Stock Exchange. The company has invested over US$520 million in Oman employing over 2,600 Omani nationals contributing to local growth, building potential and creating opportunities.