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- Closing Bell: Saudi main index closes in green at 12,025
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- Innovation, collaboration key to sustainable growth: Sabic CEO
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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28/03/2025
Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
28/03/2025
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)'s Annual Confer
Trade Arabia
28/03/2025
AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to de
Trade Arabia
28/03/2025
Modon Holding, an Abu Dhabi-based holding company, and Elsewedy Industrial Development, one of Egypt's leading integrated industrial and logistics cities developers, have signed a letter of intent (L
Trade Arabia
27/03/2025
Saudi Aramco kept the April's official selling prices for propane and butane unchanged from the previous month, according to a statement released on Thursday.
The prices are set at $615 per
Arab News
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