Dubai — Shuaa Capital has appointed Nabil Al Rantisi as its new Group CEO effective September 1, as the Dubai investment firm nears the end of its corporate and financial restructuring.
Al Rantisi succeeds Wafik Ben Mansour, who served as acting CEO and will move into a senior advisor role. Shuaa has spent recent months restructuring debts and selling non-core assets to strengthen its balance sheet.
“The leadership transition comes as Shuaa embarks on a new chapter of growth and value creation,” the company said. The DFM-listed stock has gained more than 20% year-to-date, trading at Dh0.29.