Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSM), on Monday announced the resignation of its CEO Awad Mohammaed Faraj Bamkhalef.

The company’s board of directors has accepted the resignation effective from 19 August, according to a statement.

Accordingly, the board has nominated projects manager Raffy Kozadjian as the company’s acting CEO until a new CEO is appointed.

It is worth noting that OEIHC previously reported OMR 1.558 million in net profit after tax for the first quarter of 2019, versus OMR 1.489 million in Q1-18.