Dubai - Mubasher: The board of Shuaa Capital elected, on 26 April 2024, Badr Al Olama as the new Chairman, according to a bourse disclosure.
Nabil Ramadhan and Ahmed Alahmadi were announced as the Vice Chairman and the Managing Director of Shuaa Capita, respectively.
In November 2023, the DFM-listed company appointed Wafik ben Mansour as its Acting CEO following Fawad Tariq Khan’s resignation from the CEO position.
On the financial level, the net losses of Shuaa Capital incurred net losses jumped to AED 866.13 million last year from AED 135.20 million as of 31 December 2022.
The revenues dropped to AED 164.73 million in 2023 from AED 287.84 million a year earlier.
