INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Nayifat CEO resigns

  • Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
  • The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity

Abdulmohsen Abdulrahman Musaed Al-Sowailem, CEO of Nayifat Finance Co., has resigned from his job, according to a company statement.

Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing

The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity.