A company which is known to be at the forefront of the UAE’s speedily growing cyber-security sector has announced that it has appointed a new CEO.
Faisal Al Bannai who is the founder of DarkMatter announced that Karim Sabbagh would take on the role of CEO from the month of April while Al Bannai will now become the managing director of the company.
Sabbagh joined DarkMatter from Luxembourg-based communications satellite operator and owner, SES, which is currently the world’s largest satellite operator. He served over there as the president and the CEO.
DarkMatter last week claimed to have raised its revenue to $400 million, which is double of what it was last year.
Al Bannai was of the view that the firm, which earns around 80 percent of its revenue from the United Arab Emirates’ government contracts, now plans to increase from 650 to 900 of its employees by the end of this year. He also expressed his vision and goals to be very exponential. He stated that now that they have established their foothold in UAE, and have begun to plan for the regional expansion, the company aims to keep up with the evolving process so that it supports its vision. The company has attracted remarkable talent through inception, and with each and every addition, it has strengthened its tendency to achieve its targets.
Sabbagh opined that DarkMatter is a remarkable company that is in a true sense living its goal to disrupt the cyber-security market by employing a new strategy to the way in which organizations and individuals are secured against cyber risks. He showed his excitement for joining a full-service cyber-security firm which among the very few of its types in the world, and that too in this region of the world.