Corporate Governance

Mr. Sergio Alcantarilla is the Managing Director & Chief Executive Officer of Arabian Cement Company since 2016. With over 15 years of experience in the cement industry, Mr. Alcantarilla is responsible for strategically leading and managing ACC’s operations and has participated in the preparation phase of the company’s IPO listing. Mr. Alcantarilla first joined ACC in November 2009 as the Plant Manager and Member of the Management Committee. Before holding his current post, Mr. Alcantarilla was the Chief Operating Officer and Member of ACC’s Executive Committee from June 2012 to August 2016, where he was responsible for managing the operations of the company’s plant in El Ain El Shokhna in addition to handling ACC’s projects and procurement departments. Before joining ACC, Mr. Alcantarilla worked as the Technical Manager and Production Manager of Cementos Barrero in Spain from 2002 till 2009. In 2015, Mr. Alcantarilla was an Executive MBA graduated, with honors, from the IE Business School, Madrid. Mr. Alcantarilla has graduated from the Superior Industrial Engineering School in the University of Seville (Spain).

Mr. Generoso Bertolin is the Chairman of Arabian Cement Company and its subsidiaries. Mr. Generoso began his career with the construction company Bertolin, S.A. in 1992. Two years later, he joined the Management team of Cementos la Union. In 2003, he was named Chairman of Cementos La Union Group. Mr. Generoso obtained his degree in Business Management in 1992.

Mrs. Elena Bertolin started her career in the cement industry in 2009 gaining extensive experience across nearly all business and technical aspects of the sector. She joined Cementos La Union Group and its subsidiaries as a board member in 2015. Mrs. Bertolin graduated from the Superior Industrial Engineering School in the Universidad Politécnica de Valencia, (Spain), with majors in Industrial Management.

Mr. Ricardo Vela is a Board Member of Cementos La Union and several subsidiaries including Arabian Cement Company where he serves as the company’s General Manager. With over 20 years of experience and knowledge in the cement industry, Mr. Vela started his career at Cementos La Union in 1994, since then having managed the company and actively contributed in internationalizing the Cementos la Union Group.

Mr. Ahmed Sadek El Sewedy is the Chief Operating Officer of El Sewedy Industries Group and a Member of El Sewedy Electric Board of Directors.  Mr. El Sewedy is the CEO of El Sewedy Developments, following his roles as COO and as General Manager of El Sewedy Group-Industrial Sector. During his tenure with the Group, he has brought a quantum leap of industry leadership, and executive management experience to his role with the company in field of power and electricity. He is responsible for executing professional services, including profitability, delivery quality, cost control, contract compliance, and risk mitigation – building solid relationships with power, energy authorities and utilities.  Mr. El Sewedy graduated from SOAS University of London in 2013, earning his bachelor’s degree in international Management of China, Business, Management, Marketing and related support Services.

Ms. Pakinam Kafafi is an energy expert and one of TAQA Arabia’s cornerstones since its incorporation in 2006.  Ms. Pakinam has a 27-year track record expertise of which 17 years hav been dedicated to leading Egypt’s largest home-grown private sector Energy Distribution Company. In 2013, Ms. Pakinam was named CEO of TAQA Arabia following her successful tenure at the company where she served as the Group Chief Investment Officer, leading the group evolution by acquiring and consolidating several gas distribution companies as well diversifying the business to Power Generation and Distribution and Renewable Energy. She first joined TAQA’s Gas Division as its Strategy and Investment General Manager.  Prior to joining the gas industry, Mrs. Kafafi started her career at EFG‐Hermes, where she held the position of Vice President of EFG‐Hermes Investment Banking, having successfully accomplished many privatizations and acquisitions in Egypt. Ms. Kafafi was recently recognized by Forbes Middle east for the 4th year in a row holding the 21st position of the 100 Power Businesswomen ranking, the same position she held on the list in 2022.

Mr. Ahmed Abou-Hendia is the legal consultant for several well-known local and international companies, and acts as a personal legal consultant to several distinguished figures. Mr. Abou-Hendia is a member of the Egyptian Bar Association “Supreme Degree”, the Union Arabs Advocates, the International Bar Association, the Cairo Regional Centre for International Commercial Arbitration, the London Court of International Arbitration, and the American Chamber of Commerce in Egypt, among many more. He is also the Vice Chairman of First Arabian Development and Investment Company and Al Ahly for Development & Investment Company. In addition, he is a board member of a number of organizations, including the Housing and Development Bank, Egyptian Resorts, Speed Medical, and Cairo 3A International for Investment Company. Mr. Abou-Hendia has graduated from the Faculty of Law at Ain Shams University in Cairo, Egypt, in 1987.