Dubai's Shuaa Capital confirms new CEO as restructuring nears completion

Shuaa had gone through an extended dip in its financials

Last updated: August 26, 2025 | 09:15

Manoj Nair, Business Editor

1 MIN READ

Shuaa has in recent months gone through a major corporate and financial restructuring, including re-working paybacks with its creditors.

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Dubai: The Dubai investment company Shuaa Capital has named a new CEO as it seeks to emerge stronger from a major restructuring programme.

Nabil Al Rantisi takes over on September 1 as Shuaa's Group CEO in place of Wafik Ben Mansour, who had been heading the company in an acting CEO capacity. Ben Mansour will assume the role of senior advisor.

Also Read: Dubai-based Shuaa Capital reaches 'amicable' deal with major creditor

"The leadership transition comes as Shuaa nears the completion of its capital restructuring and embarks on a new chapter of growth and value creation," said a statement.

On DFM, the stock's been doing solid work, gaining over 20% year-to-date to Dh0.29.

Also Read: DFM-listed Shuaa wins court order in dispute against former top executive

Al Rantisi has an extensive background in investment banking and asset management. He is expected to 'accelerate Shuaa’s plans to grow its existing business lines and develop new revenue streams across the region and beyond', said a statement.

In recent years, Shuaa sold off non-core assets and reached deals with creditors to ease its immediate financial obligations.

During this critical phase, Wafik Ben Mansour steadied the ship and helping to reach pacts with key external stakeholders, market analysts say.

"I would like to express our deep appreciation to Wafik for his steady leadership during a transformative period for the company," said Badr Al Olama, Chairman of Shuaa. "His efforts have been instrumental in restoring profitability and setting the stage for future success."

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.