Sunday, Sep 06, 2009

(This item was originally published Saturday.)

DUBAI (Zawya Dow Jones)--Dubai-based Shuaa Capital Saturday appointed Sameer Al Ansari and Martin Angle its board.

Al Ansari is also the new chief executive officer for Shuaa Capital while Angle will be a non-executive director, the company said in a statement. Al Ansari and Angle replace Hussein Al Nouwais and Sheikha Hanadi bint Nasser bin Khaled Al Thani who resigned last week.

Al Ansari remains the executive chairman of Dubai International Capital and is also a board member of Dubai Holding, Sama Dubai and Dubai International Financial Center.

Angle holds non-executive positions on the board of Savills PLC, an international property advisor and is the chairman of Celerant Consulting, an operational management consultancy.

Shuaa shares closed trading Thursday 4.1% higher at AED2.05.

-By Maria Abi-Habib, Dow Jones Newswires; +97150 941 9737; maria.habib@dowjones.com

Copyright (c) 2009 Dow Jones & Co.

(END) Dow Jones Newswires

06-09-09 0420GMT