State-owned Dubai Banking Group (DBG) wants to take majority control of Shuaa Capital as it looks to capitalise on the options it won following its dispute with the investment bank, an industry source has told Maktoob Business.
The move is likely to be accompanied by the appointment of Sameer al-Ansari as CEO of Shuaa after the resignation of Iyad Duwaji last week, the source said.
Ansari is currently CEO of Dubai International Capital (DIC). DBG and DIC are both part of Dubai Holding, owned by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.
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