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Monday, 13 January 2020

Prime Holding approves board reshuffle

MOVES- Prime Holding approves board reshuffle: The general assembly of Prime Holding has approved changes to the formation of the board, and reduced the number of Sameem Capital representatives to one, the local press reported. Prime Holdings had appointed Mohamed Maher as CEO after removing Khaled Rashed back in December. Sameem Capital has since lodged a legal complaint with the Financial Regulatory Authority against Prime Holding over Rashed’s removal.

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