Shuaa Securities today said Walid Shihabi has resigned from his position as head of the unit to pursue other interests.

Despite the challenging market for all brokers in the UAE, Shuaa Securities is well positioned in the market and has been making good progress increasing market share and attracting institutional business, it said.

For our clients it will be business as usual; the day-to-day operations will continue to be managed by Fozan Al Mofleh, general manager of Shuaa Securities, it said. - TradeArabia News Service