Shuaa Capital has appointed veteran banker André George Sayegh as its new board member following the resignation of Murshed Abdo Murshed Alredaini last month.

André George Sayegh became CEO of First Gulf Bank (FGB) in 2006, which then merged with National Bank of Abu Dhabi to form First Abu Dhabi Bank (FAB). He retired from his role at FAB in 2021.

He will serve as a Shuaa board member until the expiry of the board term in April 2024, the company confirmed in a bourse filing to Dubai Financial Market (DFM) today.

Sayegh is also the chairman of Abu Dhabi-based holding company Multiply Group.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)