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DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

SHUAA okays MCB tranches

The two tranches will be converted into equity at the earliest opportunity.

Abdullah Al Othaim Markets CEO quits

The outgoing CEO will serve as advisor to the Board.
  • The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
  • Hussain quit due to family circumstances that require his presence outside the kingdom.

Mohsen Saqer Hussain has quit as the CEO of Abdullah Al-Othaim Markets Company due to family circumstances that require his continuous presence outside the kingdom, the company said in a statement.
The Board of Directors will use the expertise of Mohsen as an advisor to the Board, the statement said.
Muwaffaq Mansour Jamal will serve as the delegated CEO of the company from 17 Dec 2021, the company said. His membership of the Board changes from Independent Board Member to Executive Member.
The Board thanked Hussein for his efforts during his stint as the CEO of the company.