Abu Dhabi Investment Chief Takes Helm at Dubai's SHUAA Capital

SHUAA Capital, a prominent Dubai-based investment firm, has undergone a leadership shift with the appointment of Badr Al Olama as its new chairman. Al Olama, who currently holds the position of Director General of both the Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Department of Economic Development (ADDED), brings a wealth of experience in investment and economic development to the role.

The appointment comes after the departure of the previous chairman, Fadhel Al Ali, who concluded his term after nearly five years. A board meeting is scheduled for later this week to solidify the remaining leadership positions, including a deputy chairman and managing director.

The move signifies a potentially evolving relationship between Dubai and Abu Dhabi, the two largest emirates in the United Arab Emirates (UAE). While both emirates maintain strong independent economies, collaboration on strategic initiatives has been on the rise in recent years. Al Olama's appointment to the chairmanship of a prominent Dubai company suggests a continued trend towards closer economic cooperation.

SHUAA Capital itself has also been undergoing a period of change. Earlier this year, the company saw the appointment of two new board members, Darwish Al Ketbi and Nabil Ramadhan. These additions follow the resignations of Al Ali and Andre Sayegh, who stepped down from their board positions earlier in 2024.

The selection of Al Olama as chairman is viewed by analysts as a strategic decision by SHUAA Capital. His extensive experience in managing investment portfolios and fostering economic growth aligns well with the company's ambitious plans for the future. SHUAA Capital has expressed a strong commitment to expanding its investment activities both domestically and internationally, and Al Olama's leadership is expected to play a key role in achieving these goals.

The impact of this leadership change on SHUAA Capital's day-to-day operations remains to be seen. However, the appointment of a prominent figure from Abu Dhabi to lead a major Dubai company is a noteworthy development that could have broader implications for the UAE's economic landscape.

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