Latest news with #Mazad
Zawya
15-07-2025
- Business
- Zawya
Mazad announces the appointment of Nezar Hasan Habib as Chief Executive Officer
Manama, Bahrain – Mazad, Bahrain's leading online auctions platform, and a local portfolio company of Bahrain Mumtalakat Holding Company (Mumtalakat), announced the appointment of Nezar Hasan Habib as Chief Executive Officer, effective 20 July 2025. Nezar brings over twenty years of leadership experience across the telecom and banking sectors in Bahrain and the UAE, most recently served as Director of SME at STC Bahrain. He has a proven track record of building high-performing teams, leading impactful marketing initiatives, crafting innovative go-to-market strategies, and driving business growth. Mazad's Board of Directors, chaired by Marwa Khaled Al Saad, welcomed Nezar and expressed their confidence in his ability to lead Mazad into its next phase. The Board also extended their heartfelt gratitude to outgoing CEO Talal Aloraifi for his efforts and contributions during his tenure. Commenting on the appointment, Marwa stated: 'We are delighted to welcome Nezar as our new Chief Executive Officer. Mazad's entering its next phase with a clear strategy and an exceptional team. We continue to strengthen our core business through deeper government partnerships, while diversifying our portfolio, expanding into new segments, and building a customer-first organization that creates sustainable, long term value for our stakeholders.' 'On behalf of the board, I would like to extend our sincere gratitude to Talal Aref Aloraifi for his leadership and vision in transforming Mazad from a start-up into Bahrain's trusted and leading auction platform. We thank Talal for his invaluable contributions and wish him continued success in his future endeavors,' She added. Commenting on his appointment, Nezar said: 'It is an honor to be entrusted with the responsibility of leading Mazad as its Chief Executive Officer. The company has earned a distinguished reputation as a trusted and forward-thinking leader in the auction industry, and I am excited by the strategic plans we have envisioned to shape its next phase of growth. I am committed to building Mazad's strong foundation by accelerating innovation, strengthening operational excellence and positioning the company as a benchmark across the region. I look forward to working in close collaboration with the Board and our exceptional team to unlock new avenues of growth and elevate Mazad to new heights of success.'
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
Mazad Launches Online Auction for the Sale and Dismantlement of Riffa Power Station
Mazad W.L.L, a local portfolio company of Bahrain Mumtalakat Holding Company 'Mumtalakat' mandated with overseeing the Kingdom of Bahrain's public and electronic auctions, has announced the launch of an online auction for the sale and dismantlement of the Riffa Power Station (RPS) Phase 1 (Riffa 1) along with its spare parts. The auction, which will be conducted through Mazad's digital platform, offers a unique opportunity for investors and contractors to bid on this significant project. The starting bid for the power station is set at BHD 200,000, while the spare parts have a starting bid of BHD 50,000. Key details of the auction: • Auction End Date: Thursday, June 12, 2025, at 12:00 PM Bahrain Time (9:00 AM GMT) • Items included: Diesel fuel, Axial Turbine & Compressor, Turbine & Compressor Casing, Combustion Chambers, Burners, Air Intake Filter House with Filters, Generator Inlet Air Filter House & Filters, Gear Box, Turbine Exhaust Ducts, Exhaust Stacks, AC Motors, Compressor Blow-Off Valves, Oil Pumps, Aux Lube Oil Pumps, and more. The successful bidder will be responsible for the complete dismantlement and removal of the power station, including obtaining all necessary permits from the Supreme Council for Environment (SCE), Municipality, and other relevant authorities. The contractor must also ensure compliance with all environmental and safety regulations throughout the project. EWA confirmed that the sale and dismantling of the first phase of the Riffa Power Plant through the electronic auction represents a strategic step in integrating operational efficiency with environmental sustainability. It reflects the Authority's commitment to adopting innovative solutions for asset repurposing in line with the national development goals and Bahrain's Vision 2030. This collaboration between EWA and Mazad falls within a broader framework aimed at enhancing transparency and maximizing the value derived from existing assets. Additionally, through this project, EWA aim to reduce waste and enhance environmental protection, serving as a testament to our dedication to the green transformation and supporting Bahrain's national energy transition plan. Talal Al Araifi, Chief Executive Officer at Mazad, stated, 'This auction represents a significant opportunity for investors and contractors in the energy sector. We are committed to ensuring a transparent and competitive process, leveraging our digital platform to reach the widest possible audience of potential buyers at a global level ensuring we contribute to a greener future. ' Interested bidders can access comprehensive project information and related documentation through the official website or the Mazad mobile application. For further inquiries or to arrange viewings, please contact +973 17778887 or email [email protected]. Mazad encourages all potential bidders, including overseas companies, to review the comprehensive bidding requirements and submit the necessary documentation as outlined in the auction details. This project aligns with Bahrain's commitment to sustainable development and efficient resource management, offering an opportunity to repurpose valuable assets while adhering to strict environmental and safety standards.
Zawya
19-05-2025
- Business
- Zawya
Mazad launches online auction for the sale and dismantlement of Riffa Power Station
Manama, Bahrain - Mazad W.L.L, a local portfolio company of Bahrain Mumtalakat Holding Company "Mumtalakat" mandated with overseeing the Kingdom of Bahrain's public and electronic auctions, has announced the launch of an online auction for the sale and dismantlement of the Riffa Power Station (RPS) Phase 1 (Riffa 1) along with its spare parts. The auction, which will be conducted through Mazad's digital platform, offers a unique opportunity for investors and contractors to bid on this significant project. The starting bid for the power station is set at BHD 200,000, while the spare parts have a starting bid of BHD 50,000. Key details of the auction: Auction End Date: Thursday, June 12, 2025, at 12:00 PM Bahrain Time (9:00 AM GMT) Items included: Diesel fuel, Axial Turbine & Compressor, Turbine & Compressor Casing, Combustion Chambers, Burners, Air Intake Filter House with Filters, Generator Inlet Air Filter House & Filters, Gear Box, Turbine Exhaust Ducts, Exhaust Stacks, AC Motors, Compressor Blow-Off Valves, Oil Pumps, Aux Lube Oil Pumps, and more. The successful bidder will be responsible for the complete dismantlement and removal of the power station, including obtaining all necessary permits from the Supreme Council for Environment (SCE), Municipality, and other relevant authorities. The contractor must also ensure compliance with all environmental and safety regulations throughout the project. EWA confirmed that the sale and dismantling of the first phase of the Riffa Power Plant through the electronic auction represents a strategic step in integrating operational efficiency with environmental sustainability. It reflects the Authority's commitment to adopting innovative solutions for asset repurposing in line with the national development goals and Bahrain's Vision 2030. This collaboration between EWA and Mazad falls within a broader framework aimed at enhancing transparency and maximizing the value derived from existing assets. Additionally, through this project, EWA aim to reduce waste and enhance environmental protection, serving as a testament to our dedication to the green transformation and supporting Bahrain's national energy transition plan. Talal Al Araifi, Chief Executive Officer at Mazad, stated, "This auction represents a significant opportunity for investors and contractors in the energy sector. We are committed to ensuring a transparent and competitive process, leveraging our digital platform to reach the widest possible audience of potential buyers at a global level ensuring we contribute to a greener future. " Interested bidders can access comprehensive project information and related documentation through the official website or the Mazad mobile application. For further inquiries or to arrange viewings, please contact +973 17778887 or email support@ Mazad encourages all potential bidders, including overseas companies, to review the comprehensive bidding requirements and submit the necessary documentation as outlined in the auction details. This project aligns with Bahrain's commitment to sustainable development and efficient resource management, offering an opportunity to repurpose valuable assets while adhering to strict environmental and safety standards.
