Dubai Financial Market appoints new CEO

The Dubai Financial Market’s board of directors have appointed Hamed Ahmed Ali as the new CEO, days after the bourse’s board was reshuffled.

Ali previously held the post of deputy CEO and chief markets officer at the bourse, to which he was appointed in July 2020, in addition to his role as the chief executive at Nasdaq Dubai.

Hamed Ali appointed as Chief Executive Officer of Dubai Financial Market @DFMalerts. #Dubai pic.twitter.com/ZePuK6p1wr

— Dubai Media Office (@DXBMediaOffice) November 8, 2021

A new board of directors, headed by Helal Al Marri, was appointed to lead the Dubai Financial Market last week.

Read: New board of directors announced for Dubai Financial Market

The newly formed board of directors held its first meeting on Monday, November 8, chaired by Al Marri.

The board formed a new compliance committee in charge of market regulations and approved the formation of other board committees. It also resolved on inviting the General Assembly to consider amending the Company’s Articles of Association to increase the number of board directors from seven to nine, official news agency WAM reported.

“We would like to commend efforts and achievements of the previous board over the past years headed by Essa Kazim. The DFM is well-positioned to reinforce its dynamic role given its world-class infrastructure and regulations as well as its highly capable team noting that Emirati talents account for the vast majority of them,” Al Marri said.