Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports7 hours ago
The chief financial officer of Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holding is leaving the firm, sources familiar with the matter said, in the first prominent departure since the detention of the investment firm's founder.
Mohamed Fahmy, who has worked with the company for about five years and is believed to be a close aide of the Saudi billionaire, will leave the firm at the end of February, the sources told Reuters, requesting anonymity because of the commercial sensitivity of the matter.
The sources said the reason for Fahmy's departure was not clear but it was not related to the detention of Prince Alwaleed, who has been held since November among dozens of officials and businessmen in a government crackdown on corruption.
Kingdom Holding did not respond to a request for comment.
Kingdom Holding is searching for an executive to succeed Fahmy, the sources said, and is likely to announce his departure when a new chief financial officer is appointed.
Fahmy joined Kingdom Holding in 2013 as deputy chief financial officer, and then was appointed as chief financial officer in 2014.
Alwaleed, a nephew of Saudi King Salman, is a closely-watched figure in international markets because of investments through Kingdom Holding in companies such as Citigroup Inc and Rupert Murdoch's News Corp.
Kingdom's most recent acquisition was a 16.2 percent stake purchased from Credit Agricole SA in Banque Saudi Fransi for 5.76 billion Saudi riyals ($1.54 billion).
Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports7 hours ago
Authorities said the decision has been taken keeping the safety of the public in mind
uae7 hours ago
Inflation objective remains distant, US Federal Reserve says
business7 hours ago
Divided into at least three separate areas, the park will be a first-of-its-kind protected area in the emirate
uae7 hours ago
Lidia Stepanivna: She walked without food or water, and fell several times but her 'character' kept her going
europe7 hours ago
Dubai Police said that the emirate is expected to witness weather fluctuations during the coming hours
uae8 hours ago
UN estimates the amount of debris in the Gaza Strip at 37 million tonnes in mid-April, or 300 kilogrammes per square metre
mena8 hours ago
Ports, Customs, and Free Zone Corporation also advised to refrain from sailing unless absolutely necessary
uae8 hours ago