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Monday, 23 May 2022

CIB appoints Emirati board members after ADQ stake purchase, Elfass joins Nawah Scientific

CIB has appointed Fadhel Al Ali (bio) and Aziz Moolji (LinkedIn) as non-executive board members, the bank announced in a disclosure (pdf) to the bourse yesterday. The pair will represent the interests of Alpha Oryx Ltd, a subsidiary of Abu Dhabi sovereign wealth fund ADQ, which last month purchased an 18.6% stake in the financial institution. Al Ali is the chairman of the Dubai Financial Services Authority and was previously the deputy CEO and Group COO of First Abu Dhabi Bank. Moolji serves as ADQ’s M&A and alternative investments director and was previously a vice president at Dubai Holding.

Amr Elfass (LinkedIn) has been appointed vice-president for business success at Nawah Scientific, the scientific research startup said in a press release yesterday. Elfass is being tasked with transforming the startup into a multinational corporation as it makes several acquisitions, which will be announced later this year, the company said. Elfass has years of experience in the pharma sector, and has worked in companies including Janssen, Abbott Laboratories, and Innovara.

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