UAE's Waha Capital names new CEO

New executive has extensive experience in asset management, investment strategy

  
The Abu Dhabi Downtown Skyline and Corniche with the newly developing Central Market Towers at dusk. Image used for illustrative purpose.

The Abu Dhabi Downtown Skyline and Corniche with the newly developing Central Market Towers at dusk. Image used for illustrative purpose.

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UAE-based Al Waha Capital has appointed Ahmed Khalifa Al Mehairi as the new chief executive officer (CEO) of the company.

Al Mehairi will assume his new role on October 18, 2020, replacing Amr AlMenhali, the Abu Dhabi-listed investment firm said in a statement.

Al Mehairi currently serves as board member of the Abu Dhabi National Hotels Company and has been a principal at the global special situations department of the Abu Dhabi Investment Council. He previously worked in the field of equities investment at Abu Dhabi Investment Authority (ADIA).

The firm’s chairman, Waleed Al Mokarrab, said Al Mehairi brings with him extensive experience and expertise in asset management and investment strategy.

“We are pleased to welcome him to lead the company going forward in its next chapter of growth,” he said.

He also acknowledged the outgoing CEO for his “strong leadership and valuable contribution” that he has brought to Waha Capital during his tenure.

“He presided over a turnaround in the company under volatile market conditions, which has included the initiation of a new investment program and the adoption of an ambitious international growth strategy,” said Al Muhairi.

(Writing by Cleofe Maceda; editing by Mily Chakrabarty)

Cleofe.maceda@refinitiv.com

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© ZAWYA 2020

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