Dubai: Shuaa Capital said on Sunday it has appointed Atif Al Othri as chief executive officer of its fully owned Sharia-compliant business financing arm, Gulf Finance Saudi Arabia.

“Gulf Finance Corporation and its Sharia-compliant sister company, Gulf Finance Saudi, are niche providers of financing solutions to businesses in the Gulf. As we forge ahead with the expansion of our various business lines, we are paying particular attention to our presence in the kingdom during this focal point in its history,” Jassim Al Seddiqi, chairman of Shuaa Capital and Gulf Finance Saudi Arabia, said in a statement.

Prior to joining Gulf Finance, Al Othri was deputy head of corporate banking at Bank Muscat in Saudi Arabia.