Al Habtoor Group Chairman meets His Excellency Dr Obaid Al Zaabi, Acting CEO, SCA

Press release

Published January 7th, 2016 - 11:56 GMT

During the event

Al Habtoor Group Chairman Khalaf Ahmad Al Habtoor welcomed His Excellency Dr Obaid Al Zaabi, Acting CEO, Securities and Commodities Authority (SCA) at his office on Wednesday January 6, 2016. HE Dr Zaabi took over from Abdullah Al Turifi as Acting CEO of the UAE in November 2015.

Also present as part of the courtesy visit was Saif Al Tunaiji, Insurance and Disclosure Director, SCA; Sultan Al Habtoor, President, Al Habtoor Motors and Ramez Abou Zaid, General Manager at Dubai National Insurance and Reinsurance (DNIR).

The SCA is striving to improve financial services and markets in the United Arab Emirates.

Chairman Al Habtoor praised the work conducted by the UAE federal stock market regulator and said it was of great benefit to the future of the country. “I commend the achievements of the SCA. It is taking care of important issues for the betterment of our nation’s economy.”

He added, “Awareness is key to success. The SCA is helping to further develop our financial markets with improved standards of regulation and legal awareness by adopting and implementing standards of excellence.”

Al Habtoor presented both HE Zaabi and Mr Al Tunaiji a copy of his best-selling autobiography, Khalaf Ahmad Al Habtoor, The Autobiography which charts his journey through life.

Background Information

Al Habtoor Group

The Al Habtoor Group has grown with the United Arab Emirates. What started out as a small engineering firm in 1970, is today one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and internationally due to the vision of its Chairman, Khalaf Ahmad Al Habtoor.