Saudi- Investcorp appoints Kirdar as chairman
(MENAFN- Arab News) DUBAI: Investcorp the alternative investment firm has appointed Nemir Kirdar as chairman of its board of directors effective from July 1 it said in a statement on Sunday.
Kirdar will replace Abdul-Rahman Salim Al-Ateeqi who will retire as chairman at the end of the current fiscal year on June 30. Al-Ateeqi has served as chairman since the company's inception in 1982.
Bahrain-based Investcorp announced in October that Kirdar would retire in June 2015 from his positions as executive chairman and chief executive.
Mohammed Al-Shroogi president of Gulf business and Rishi Kapoor chief financial officer will become co-chief executives from July 1 subject to regulatory approval. Mohammed Al-Ardhi a non-executive board director since September 2008 will succeed Kirdar as executive chairman.
Kirdar will replace Abdul-Rahman Salim Al-Ateeqi who will retire as chairman at the end of the current fiscal year on June 30. Al-Ateeqi has served as chairman since the company's inception in 1982.
Bahrain-based Investcorp announced in October that Kirdar would retire in June 2015 from his positions as executive chairman and chief executive.
Mohammed Al-Shroogi president of Gulf business and Rishi Kapoor chief financial officer will become co-chief executives from July 1 subject to regulatory approval. Mohammed Al-Ardhi a non-executive board director since September 2008 will succeed Kirdar as executive chairman.
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