Fadhel Al Ali has stepped down from his position as the chairman of SHUAA Capital after completing his almost five-year statutory term. Serving since July 2019, Al Ali also holds the chairmanship at the Dubai Financial Services Authority (DFSA). SHUAA Capital, a Dubai-listed entity, is in the process of electing a new chairman and deputy chairman at an upcoming board meeting scheduled for Friday. Additionally, there will be an appointment of a new managing director from among the current five board members. The company’s recent general assembly in Abu Dhabi witnessed the appointment of two new board members, Darwish Al Ketbi and Nabil Ramadhan, replacing Al Ali and Andre Sayegh, who previously resigned. This leadership transition comes at a time when SHUAA Capital is navigating through a critical phase of business. The changes in the board are integral to the company’s strategy and will potentially impact its overall direction and performance.

Financial Services, Investment Banking,Dubai, Abu Dhabi

https://www.zawya.com/en/business/banking-and-insurance/shuaa-capital-chairman-steps-down-after-nearly-five-years-vz84m558