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16/06/2009 00:00 AST
Rasmala, a Dubai-based regional investment banking firm, in a major revamp, has appointed Tamer Bazzari as the companys new chief executive officer.
Rasmala Investments founder Ali Al Shihabi had been the chief executive officer since its inception.
Annoucing the key changes in its senior ranks, the companys board of directors said Al Shihabi will now be the new executive chairman of the board. The board also announced the appointment of David Woods as the new chief operating officer.
Bazzari previously held the post of deputy chief executive officer having also served as the head of Investment Banking and as the chief financial officer of Rasmala.
Woods comes to Rasmala having previously held the position of chief operating officer of ABN-AMRO (Middle East).
Prior to this, Woods held the positions of chief executive officer of ABN-AMRO Securities (US) and chief executive officer of Alfred Berg Securities, a leading securities firm in Scandinavia.
With $1.2 billion of assets under management, Rasmala's core business activities include private equity, asset management, corporate finance and brokerage. It has regulated subsidiaries in the UAE, Saudi Arabia, Egypt and Oman.
Trade Arabia
27/04/2016
Rasmala, an independent investment management group, has posted a profit of £0.25 million ($363,500) for 2015 as compared to £0.6 million during the previous year, marking a fall of 58.3 per cent. <
Trade Arabia
18/12/2013
The EIIB-Rasmala Group was named 'Best Islamic Bank in Europe at the Islamic Business & Finance Awards 2013.
Zak Hydari, Chief Executive of EIIB-Rasmala, said, "2013 has been another mile
CPI Financial
20/11/2013
The partial shutdown of the US governmental services ended on the 17 October and the US debt ceiling was raised at the 11th hour. Rasmala reports that both these factors were positive for debt market
CPI Financial
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19/04/2025
KKR (KKR.N), and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi's Multiply Group, part of a $1.5 trillion empire overseen by one of the
Reuters
19/04/2025
Commercial Bank, a leader in innovative digital banking solutions in Qatar, has officially launched CB Analytics Academy Program. This specialized program has been designed for nationals seeking to e
The Peninsula
19/04/2025
stc group celebrates the fifth consecutive year as Title Partner, blending cutting-edge technology with the excellence of motorsport.
Advanced 5G network, smart IoT services, and AI-integrat
Saudi Gazette
18/04/2025
Batelco, a part of Bahrain's leading digital solutions provider Beyon Group, has partnered with Nokia, a global leader in network technologies, up to deploy the kingdom's first private 5G network for
Trade Arabia
18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
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