The CEO of Dubai-listed investment company Amanat has resigned to pursue other interests, the company told Dubai Financial Market (DFM) today. 

Dr Mohamad Hamade, who joined the investment company six years ago, will be replaced on an advisory basis by CFO John Ireland who will be acting CEO during a transition period. 

Chairman Hamad Al-Shamsi said: “During Dr Mohamad’s tenure Amanat has successfully defined and implemented its strategic vision, delivering record financial results with cumulative net profit approaching AED 400 million ($108.9 million) in the last two years, whilst positioning our portfolio of market leading assets for growth that will deliver sustained value to our shareholders.”

(Writing by Imogen Lillywhite; editing by Daniel Luiz)