The Global Board of Directors elected H.R.H Prince Khaled Bin Alwaleed as Chairman of SMI Hyundai for its operation in Middle East and Africa

BAHRAIN AND WASHINGTON, DC. - The global board of directors of SMI Hyundai, passed a resolution today, to elect H.R.H Prince Khaled Bin Alwaleed Bin Talal Bin Abdul Aziz al Saud as Chairman of SMI Hyundai, for its Middle East and African operations. Mr. Max Pincione was appointed as Senior Vice President of Marketing for the Middle East and Africa.

HRH Prince Khaled is also the founder and chairman of Levant Capital and its affiliate, Levant Group. Levant Capital is a regulated private investment firm domiciled in Dubai UAE. Levant Capital focuses on acquiring influential or controlling stakes in established mid-cap growth companies operating or with significant growth opportunities in the GCC, Turkey, Levant and North Africa. Its affiliate, Levant Group, is a financial consulting firm domiciled in N.Y., USA. Before Levant, HRH Prince Khaled was Assistant Director for domestic investments at Kingdom Holding Company, the investment company of HRH Prince al Waleed Bin Talal Bin Abdul Aziz al Saud. Prince Khaled had previously been affiliated with Solomon Smith Barney and Citigroup.----

Mr. Max Pincione
Vice President for Marketing of SMI Hyundai, Middle East and Africa. Mr. Pincione is a co-founder and president of Levant Group, a financial consulting firm domiciled in N.Y., USA. Mr. Pincione is also a managing director of its affiliate, Levant Capital, a regulated private Investment firm domiciled in Dubai UAE. Levant Capital focuses on acquiring influential or controlling stakes in established mid-cap growth companies operating or with significant growth opportunities in the GCC, Turkey, Levant and North Africa.

Before joining the Office Of HRH Prince Khaled and Levant, Mr. Pincione was a key member of the management team of Harry Winston, where he helped establish Harry Winston as a premier global luxury company and successfully drove annual revenue growth in excess of 100% during his tenure. Mr. Pincione has extensive relationships with family offices and high net worth individuals around the world, specifically within the Middle East.

If you have questions about the new changes, please contact generalinquiry@smi-hyundai.com.