Tuesday, Jul 06, 2010
(This item was originally published Monday.)
DUBAI (Zawya Dow Jones)--Dubai-based Shuaa Capital (SHUAA.DFM) Monday named Walid Shihabi as chief executive officer of its brokerage division Shuaa Securities.
Shihabi replaces Mohamed Ali Yasin, who resigned last week, and will commence his duties in September, Shuaa said in an emailed statement.
Shihabi re-joins Shuaa having previously spent 7 years at the firm as head of research. He has over 12 years of experience in the region's financial markets, Shuaa said.
"Walid Shihabi is a unique candidate for the position given his deep understanding of regional markets and first-hand experience of Shuaa Capital," said Sameer Al Ansari, Shuaa Capital's chief executive officer.
"The securities market landscape in the UAE is rapidly evolving and I am confident Shuaa Securities will continue to prosper as the region's leading brokerage platform under Mr. Shihabi's leadership," he added.
Shuaa Capital shares closed trading Monday flat at AED1.01 in a slightly higher overall market.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
06-07-10 0343GMT
