The Board of Directors of Shuaa Capital has announced that Jassim Alseddiqi has taken on a Board position within the group as Managing Director, effective June 15. Alseddiqi, who has been the CEO of Shuaa, will be succeeded in the role by Fawad Tariq Khan, who will also retain his current title of Head of Investment Banking. Alseddiqi will continue to work closely with Fawad and Shuaa's senior management team to ensure a seamless transition, focusing in particular on strategy, shareholder and key client relationships.

He also remains Chairman of Salama Insurance and Eshraq Investments.