Dangote Cement Plc (“the Company”) notified The Nigerian Stock Exchange that its Board of Directors has appointed Mr. Douraid Zaghouani as a non- Executive Director of the Company with effect from 29 April 2015.
Mr. Douraid Zaghouani holds a degree in Civil Engineering from Ecole Nationale des Travaux Publics de l’Etat (France) and is also a graduate in Business Administration from the ESSEC (Ecole Superieure des Sciences Economiques et Commeciales) business school in Paris.
Mr. Zaghouani is presently the Chief Operating Officer of the Investment Corporation of Dubai (ICD). In this role, he supports the CEO’s Office in corporate strategy development and is responsible for the efficient operational management of the organization.
The Investment Corporation of Dubai last year invested about $300m in Dangote Cement in a deal that gave the corporation about 1.3% stake in Dangote Cement, Nigeria’s largest company on the Nigerian Stock Exchange by market capitalisation.