Board of Directors

It has taken the bold leadership and contribution of many people to form the global organisation Future Pipe Industries is today. Our Board of Directors have significant and various experience in different fields which benefit Future Pipe Industries.

Fouad Makhzoumi

Executive Chairman & Group CEO

Mr Fouad Makhzoumi has both an undergraduate and Masters degree in Chemical Engineering from Michigan Technological University.

In 1984 Mr Makhzoumi founded Future Pipe Industries with other investors and he has been actively involved in the management and development of our business ever since. He became Chief Executive Officer in 1986 until 2003 when his son, Rami Makhzoumi, assumed the role.

Between 1995 and 1997, Mr Makhzoumi served as acting President of the International Desalination Association and he has been a member of the International Board of the Council on Foreign Relations: US/Middle East Project since 1996. From 1995 until 1998, Mr Makhzoumi acted as Vice Chairman of the Institute for Social and Economic Policy in the Middle East at the John F. Kennedy School of Government at Harvard University. In 1997 Mr Makhzoumi founded the Makhzoumi Foundation, a private Lebanese non-profit organization that contributes through its vocational training, health care and micro-credit programs to Lebanese civil society development.

Mr Makhzoumi has been Executive Chairman of Future Pipe Industries since 2003.

May Makhzoumi

Vice Chairman

Mrs. May Makhzoumi is the President of the Makhzoumi Foundation and Vice Chairman of Future Pipe Industries, which was established in 1997 by Mr Fouad Makhzoumi, out of a strong desire to help empower fellow citizens to achieve self-dependence and improved career prospects. Under Mrs Makhzoumi’s Leadership, Makhzoumi Foundation developed departments, programs and units to address the needs of the Lebanese community and that of its residents. It does that through improving the socioeconomic status by offering loans, developing skills through informal and formal vocational trainings, providing services related to protection of vulnerable women and children while supplying core relief items to the most vulnerable communities, making good value healthcare available, preserving and raising awareness on agro-environmental issues, empowering youth potentials, and orienting them to achieve self-sustainability and independence.

In 1975, May Makhzoumi earned a Bachelor of Science degree in Pharmaceutical Sciences from the American University of Beirut (AUB) and got married the same year to Mr. Fouad Makhzoumi. She started her career as a Pharmacist and worked in Beirut, Lebanon and Riyadh, Saudi Arabia.

In addition to her role as the President of the Makhzoumi Foundation, May Makhzoumi also holds several administrative positions within Future Group and serves as a Member of the Board of Directors/Advisors of a number of Companies, Universities, NGOs and Associations. She has also participated in many conferences and took part in panel discussions and presentations, and won many awards in recognition of her Philanthropic achievements.

Dr Nasser Saidi

Independent Non Executive Director / Chair Audit & Risk Committee

Dr Nasser H. Saidi is the founder and managing director of Nasser Saidi & Associates. He is Deputy Chairman of Eureeca Capital, a crowd-funding platform. He is the former Chief Economist of the Dubai International Financial Centre (DIFC) from 2006 to September 2012, where he helped build the centre and developed the links with governments, central banks, international organisations and international financial centres. Dr Saidi is the founder and former Executive Director of the Hawkamah-Institute for Corporate Governance and the Mudara Institute of Directors.

Dr Saidi is a member of the IMF’s Regional Advisory Group for MENA and Co-Chair of the Organisation of Economic Cooperation and Development’s (OECD) MENA Corporate Governance Working Group. He is a member of the Private Sector Advisory Group of the Global Corporate Governance Forum, an institution of the World Bank driving global corporate governance reforms. He is Chairman of the regional Clean Energy Business Council, promoting clean energy solutions and policies in the MENA countries.

In 2012, he was named among the 50 most influential Arabs in the World by The Middle East magazine, for the fourth consecutive year.

Dr Saidi was the Minister of Economy and Trade and Minister of Industry of Lebanon between 1998 and 2000. He was the First Vice-Governor of the Central Bank of Lebanon for two successive mandates, 1993-1998 and 1998-2003. He was a Member of the UN Committee for Development Policy (UNCDP) for two mandates over the period 2000-2006, a position to which he was appointed by former UN Secretary General Kofi Annan, in his personal capacity.

He the author of numerous articles and has written a number of books and publications addressing macroeconomic, capital market development and international economic issues in the MENA region, Lebanon, the GCC countries and is the author of “Corporate Governance in the MENA countries: Improving Transparency & Disclosure”. His research interests include macroeconomics, financial market development, payment systems and international economic policy, corporate governance, clean energy and information and communication technology (ICT).

Dr Saidi was a private banker and served as an economic adviser and director to a number of central banks and financial institutions in Arab countries, Europe and Central and Latin America. Prior to his public career, Dr Nasser pursued a career as an academic, serving as a Professor of Economics at the Department of Economics in the University of Chicago, the Institut Universitaire de Hautes Etudes Internationales (Geneva, CH), and the Université de Genève. He also served as a lecturer at the American University of Beirut and the Université St. Joseph in Beirut.

Dr Saidi holds a Ph.D. and a M.A. in Economics from the University of Rochester in the USA, a M.Sc. from University College, London University and a B.A. from the American University of Beirut.

Dr Omar Ashur

Non Executive Director

Dr Omar Ashur completed his undergraduate education in Physics at the American University of Beirut and also holds an MBA in Finance, an MA in Business Economics and a PhD in Business Economics from the Wharton School of Business at the University of Pennsylvania.

He joined Future Pipe Industries in 1995 as a Group Vice President of Finance and in 2000 he was appointed Executive Vice President of Gulf Eternit Industries. Following that, in 2003, Dr Ashur became the Chief Financial Officer (CFO) where he was responsible for leading and directing all of the Group’s financial activities. In 2009 he assumed the role of Chief Financial Officer of the Future Group Holdings. In January 2011 he reassumed his role as Chief Financial Officer at Future Pipe Industries Group, in addition to his Future Group role.

Prior to joining Future Pipe Industries, Dr Ashur held various leadership positions with Petrogas (UK) Limited, Anglokindom (UK) Limited, and Mediterranee Investors Group SA.

Dr Omar Ashur serves on the Board of Future Pipe Industries Group as a Non-Executive Director.

Company Secretary

Abuzar Alnour


Abuzar Alnour is Future Pipe Industries Group’s General Counsel and Company Secretary, leading the global Legal and Compliance Department. In this role, Abuzar advises the executive management on a wide range of legal and compliance issues, including commercial transactions, general corporate governance, regulatory compliance, litigations and dispute resolution, M&A, ABAC, compliance and ethics, and competition among other matters. 

Abuzar brings over 20 years of experience in different industries including Oil & Gas, Aviation, Shipping, EPC, Energy, Infrastructure, Telecom & Compliance, to name but a few. He last served as the Legal Compliance Manager & Board Secretary-EMEA Region at Qatar Petroleum/Gulf Helicopters providing legal services to its subsidiaries and affiliates. Prior to this he worked with Saudi Aramco Exxon Mobile Refinery as the Head Corporate Legal Counsel-Regulatory Compliance. He has also worked with Saudi Telecommunication and Huawei Technical Investment, Middle East, leading the entire legal function. 

He holds a Master’s in Law from University of Groningen, Netherlands besides a Specialization in Business Law from the University of South Africa. He specialized in GDPR & privacy laws, anti-money laundering as well as sanction regimes and  regulations.