Abu Dhabi – Mubasher: The board of Multiply Group approved the resignation of Andre Sayegh from his position as the Chairman of the company due to personal reasons and professional commitments.

Sayegh’s resignation became effective on 9 July 2024, according to a bourse disclosure.

Meanwhile, Syed Basar Shueb Syed Shueb has been appointed as the new Chairman starting 10 July, upon a board’s resolution by circulation to approve his appointment.

It is worth highlighting that the UAE listed company achieved revenues of AED 391 million during the first quarter (Q1) of 2024.

In June this year, a wholly owned subsidiary of Multiply Group acquired the Grooming Company Holding (TGCH) to expand its services portfolio within the UAE and beyond.