Robo.ai Appoints Dr. Jasem Al-Mansory as Chief Executive Officer of Its Subsidiary Alif Holding
Robo.ai (NASDAQ: AIIO) appointed Dr. Jasem Ibrahim Mansour Al-Mansory as Chief Executive Officer of its proposed Abu Dhabi-headquartered subsidiary Alif Holding, effective immediately.
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Rhea-AI Summary
Robo.ai (NASDAQ: AIIO) appointed Dr. Jasem Ibrahim Mansour Al-Mansory as Chief Executive Officer of its proposed Abu Dhabi-headquartered subsidiary Alif Holding, effective immediately. This, together with the previously named Chairman, completes Alif Holding’s core leadership and establishes its governance structure and management team.
Alif Holding is intended to build “intelligent industries” through integrated intelligent software and intelligent equipment platforms, developing and manufacturing AI systems in the UAE for sectors such as energy, oil and gas, ports, public safety, utilities, mining, transportation, smart cities and critical infrastructure. Its Board will be chaired by H.E. Dr. Ahmed Naser Al-Raisi, former INTERPOL President. Dr. Al-Mansory brings over three decades at the UAE Ministry of Interior and plans to focus on building a UAE-rooted management team, strong governance systems and translating technology and manufacturing capabilities into deliverable outcomes.
Positive
- Appoints CEO for proposed Alif Holding subsidiary, effective immediately
- Completes Alif Holding’s core leadership and governance structure
- CEO brings over 30 years’ UAE Ministry of Interior experience
Negative
- None.
Details
News Market Reaction – AIIO
On Jul 31, the day this news came out, AIIO closed 1.40% below the previous close. Argus tracked a trough of -8.1% from its starting point during tracking. Our momentum scanner recorded 3 alerts for this stock that day.
Data tracked by StockTitan Argus for the Jul 31 session.
Key Figures
- Integrated platforms
- 2 platforms
- Proposed Alif Holding operating model
- UAE Ministry of Interior service
- More than 3 decades
- Dr. Al-Mansory's professional background
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The Group is building a management team led by senior
Under the banner of "Building Intelligent Industries," Alif Holding is intended to operate two integrated platforms — intelligent software and intelligent equipment — and, upon establishment, to develop, integrate and manufacture AI systems in the
In terms of governance, the Group's Board of Directors will be chaired by H.E. Dr. Ahmed Naser Al-Raisi, former President of INTERPOL, who will oversee strategic direction and top-level security and compliance governance. The Chief Executive Officer will be accountable to the Board. Building a local senior management team is a core principle for the Group, with both its Chairman and Chief Executive Officer senior
With more than three decades of service in the
"My immediate priorities are to build a management team rooted in the
"Building the Group calls for leadership that combines sound governance with the ability to execute," said H.E. Dr. Ahmed Naser Al-Raisi, Chairman of Alif Holding. "I look forward to working with Dr. Al-Mansory and the management team."
About Alif Holding
Alif Holding is a proposed
About Robo.ai Inc.
Robo.ai Inc. (NASDAQ: AIIO) is a technology company dedicated to building an artificial intelligence machine economy platform. Its mission is to integrate smart terminals through AI software, intelligent hardware, and smart assets to construct a unified artificial intelligence operating system and a blockchain-empowered ecosystem to pioneer an intelligent future.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results may differ materially; further information is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and reports on Form 6-K. Except as required by law, the Company undertakes no obligation to update these statements.
Media Contact
Alif Holding Corporate Communications
Email: info@alifholding.ai
Website: www.alifholding.ai
Robo.ai Inc. Corporate Communications
Email: pr@roboai.group
Website: www.roboai.group
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SOURCE Robo.ai Inc.; Alif Holding
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