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Mr. Majid Al Ghurair, Chairman of Shuaa Capital, commented:
"The Board recognises Iyad Duwaji's significant contribution to the Group throughout a long and distinguished career as the CEO of Shuaa and would like to thank him for his devotion to the firm and his many achievements. As the central figure and mastermind behind Shuaa Capital, Mr. Duwaji presided over the firm's transition from a small investment company in 1995 to the region's leading investment bank."
He continued, "Mr. Duwaji has also played a vital role in shaping the financial services landscape of the region and has always been recognised for pioneering and promoting the GCC, and particularly the United Arab Emirates, as a destination for capital."
Mr. Duwaji said, "I am honoured to have been a part of Shuaa for so long and have seen it develop into a market leader and a regional brand. My decision to leave is a personal one. Shuaa is now well-positioned for its next phase of growth and I now look forward to returning to the buy-side and setting up an independent private equity platform."
He concluded, "I want to take this chance to thank the Board of Directors for their patronage and commitment and my colleagues who helped build Shuaa into what it stands for today and to my family who always supported me, and of course to all Shuaa clients and friends."
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Posted by Siba Sami Ammari
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