Eshraq Investments reshuffles management

Abu Dhabi-based Eshraq Investments has named a sovereign wealth fund executive as its new chairman amid a corporate restructuring.

Fahad Abdul Qadar Al Qassim is the CEO of healthcare and life sciences at Abu Dhabi-based ADQ. 

He succeeds Jassim AlSediqqi who stepped down after seven years in the role.

Al Qassim who was also formerly CEO of Emirates NBD Capital was one of two new board members appointed last month as part of a corporate restructuring that saw the number of directors reduced from five to seven. 

The changes come in the wake of the arrival of new CEO Mohammed Al Sayed Al Hashimi, who was brought in to lead the firm on its “new and ambitious phase of expansion and development”.

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