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Thursday, 22 September 2016

The pursuit of Khater Massaad, the tile tycoon of RAK | The National

The pursuit of Khater Massaad, the tile tycoon of RAK | The National:

"He was the golden boy of business in the Northern Emirates. He transformed a small tile factory into a global manufacturing name and was recruited to run the Ras Al Khaimah Investment Authority (Rakia) in 2007 to achieve the same kind of transformation across the wider economy.

But four years after leaving the UAE, Khater Massaad is being pursued by his former employers from Africa to the Caucasus.

On Tuesday they caught up with him at Jeddah’s airport when he was detained by Saudi police on an arrest warrant issued from the northernmost emirate. It related to his conviction in his absence last year in a Ras Al Khaimah court on fraud charges."



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