Amman: Oasis500, the entrepreneurial arm of the King Abdullah II Fund for Development (KAFD), has announced a reshuffle in its Board of Directors, appointing Khalil Haddad as the new CEO.
According to Jordan News Agency, this strategic decision was made during a company meeting chaired by Suhair Al-Ali. The move is seen as a crucial step in Oasis500's journey toward achieving further growth, regional expansion, and institutional maturity. The appointment comes at a critical juncture as the company is actively working to attract investments for its fourth investment fund, "Oasis Ventures III (OVIII)," which was launched earlier this year.
The fund primarily targets early-stage technology companies in the Middle East and North Africa (MENA) region, aiming to address the investment gap in this sector. The reshuffle of the Board of Directors includes Suhair Al-Ali as Chair, with members Farid Belbisi, Walid Tahabsem, Zaid Farroukh, Rami Qawasmi, Hussam Hammo, and Faisal Qawar.