| Kippreport.com

Shuaa Capital CEO resigns

August 12, 2009 4:23 by Aarti Nagraj

The CEO of Dubai-based finance firm Shuaa Capital, Iyad Duwaji, is stepping down from his post after heading the company for 20 years, it said in a statement. Duwaji will continue as the CEO until a successor is appointed, and will also continue to be a board member. “My decision to leave is a personal one,” Duwaji said in the statement.

Earlier this month, Shuaa Capital reported a second-quarter net profit of AED 91.7 million, an increase of 37 percent as compared to the same period last year.

Tags: CEO, Dubai, investment bank, resigns, SHUAA Capital