SHUAA Capital today confirms that Mohammed Ali Yasin, CEO of SHUAA Securities, the brokerage arm of SHUAA Capital, will be leaving the Company at the end of August 2010. A replacement will be announced shortly.
Mohammed Yasin joined SHUAA as a result of the acquisition of Emirates Securities in 2006. During his tenure at SHUAA Securities, Mr. Yasin has brought leadership and success to our brokerage business. We thank him for his dedication and contribution to building a premier regional trading hub, which remains an important cornerstone of the One SHUAA strategy going forward.
SHUAA’s brokerage business is one of the most established and respected firms in the GCC region with over 127 employees. The Firm provides local, regional and international investors with access to all major Arab stock markets. For the year 2009, SHUAA ranked as the second largest broker in the UAE with a market share of 5.27%. We believe that SHUAA Securities is ideally placed to take advantage of the forecast growth across regional markets and that we have the brand, talent and management commitment to create the leading regional brokerage platform.
