In compliance with the Securities Act No. 41 of 2016 and the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), the Board of Directors of REIZ PLC hereby announces the appointment of Mr. Deepak Siroya as Interim Chief Executive Officer of the Company effective 1st April 2023.
Mr. Siroya brings over 18 years of experience gained in real estate, finance, and construction. He has spent the greater part of his career as Chief Financial Officer at Napoli Property Investment Limited which is involved in property management and development in Zambia and currently managing properties such as East Park Mall,
Acacia Park, Jacaranda Mall and Lewanika Mall amongst other properties. Mr Siroya’s role has included analysis and finalization of management accounts, analysis of new tenant applications, analysis of rental income, audit of internal, external, and statutory tax, fund management, coordinating with insurance companies for insurance policies and claims, coordinating with treasury for exchange controls, coordinating with valuers for valuation of properties, coordinating with shareholders, facilitate the buying and selling of assets from start to completion and coordination with banks for working capital limits.
Mr. Siroya holds a Bachelor of Commerce Degree from the IILM Academy of Higher Learning in India and a Master’s Degree of Business Administration (MBA) from the Government College of Nimbahera in India. Mr. Siroya began his professional career at Yash Contractor (India) Pvt. Ltd where he saved as an Accounts In charge with his responsibilities including commercial activities such as accounts, finance, sales, purchases, Stores, and taxation.
The Board is confident that with his background and experience, Mr. Siroya will make a valuable contribution to the success of REIZ PLC.