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Amanat Holding appoints new CEO

Amanat Holding appoints new CEO
The new CEO previously occupied the CIO post
Amanat
AMANAT
-2.84% 0.79 -0.02

Dubai – Mubasher: Amanat Holdings has appointed Mohamad Hamade as the company's new CEO, according to the company's disclosure to the Dubai Financial Market (DFM).

Since February 2019, the CEO position was held by Tristan de Boysson, who headed the company during the integration period of the company's newly acquired portfolio companies.

Previously, Hamade held the post of Amanat's Chief Investment Officer (CIO) since November 2017, through which he led several acquisitions valued at AED 1.2 billion in 2018, and helped in the company’s 40% growth in profitability in 2019.

The Chairman of Amanat, Hamad Abdulla Al Shamsi, said: "We have the utmost faith in Dr. Hamade’s leadership and strategic capabilities, which he has demonstrated continuously during his role as CIO and we are confident that he will succeed in delivering Amanat’s future growth prospects."