TOP MANAGEMENT OF SHUAA CAPITAL WAS CHANGED.



The top management of shuaa company was changed, the company is selling non-core assets management business.

Shuaa company appointed jassim Alseddiqi as chief executive and mustang kheriba will take charge as the deputy executive and head of asset management investment solutions, shuaa said in a interview to the Dubai financial market, where its shares trade.

The new appointed chief operating officer was Bechara Raad, joachim Mueller is taking over as chief financial officer and Fawad Tariq Khan will be the head of investment banking.


The company said in June it was merging with its largest shareholder (ADFG).

ADFG. Was approved by shareholders in July, the company also voted to change it's name to ADFG at a board meeting last month.

Shuaa has signed an agreement for the sale with IHC an ABU Dhabi-listed investment holding company, will acquire the operations of both businesses which currently function as stand alone entities within shuaa portfolio, the company did not disclose the value of deal.

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