Dubai: Shuaa Capital said on Sunday its executive chairman Shaikh Maktoum Hasher Al Maktoum will step down in February 2015 after the disclosure of this years results.
Shaikh Maktoum turned the company from a loss of Dh300 million in 2011 to one where the net profit in the nine months to September 2014 was Dh40.7 million and the third quarter results were the sixth straight quarterly profit.
“The company delivered on its strategic, operational and financial road map as laid out in 2012 and met its targets well ahead of schedule. I am confident the board and the management team will be able to build on the company’s positive trajectory and on the positive market environment in the UAE,” said Shaikh Maktoum.
