Al Madina for Finance and Investment has announced the death of chairman Dr Abdul Raof Tawfiq Abdul Sayed in a statement to Dubai Financial Market (DFM) today (Sunday).

The Kuwait-based company said it will schedule a board of directors meeting later to announce the opening of candidacy for the vacant position in accordance with the executive regulations of the Capital Markets Authority.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021