Al Waha Capital PJSC's shareholders elected a new board of directors, with CEO Salem Rashid al-Noaimi named as chairman and Ahmed al-Dhaheri as vice chairman.

Al-Noaimi succeeds Hussain Jasim al-Nowais, while Michael Raynes was appointed to take over as CEO of the Abu Dhabi-based investment firm.

Also elected to the board were Rashed al-Ketbi, Mohamed al-Nowais, Carlos Obeid, Rasheed al-Omaira and Khaled al-Shamlan.