Shuaa hires investment banking chief
SHUAA - Arabstoday
Capital PSC named Karim Schoeib as head of investment banking to replace Makram Kubeisy yesterday as the shares rose 2.7 per cent to Dh1.16. Kubeisy, head of investment banking at Shuaa Capital, left the company on Thursday as part of the firm's latest round of job cuts. His departure came a day after Shuaa reported a first-quarter loss of Dh26.3 million and said it would cut 39 jobs, or 11 per cent of its workforce. The investment bank continues to suffer from weak market activity and political unrest in the Gulf region. from / Gulf News
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