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Oman-based Taageer Finance elects chairman of the board

Oman-based Taageer Finance Co. SAOG said July 30 that its board elected Sheikh Rashid bin Saif bin Mohammed al-Mardhoof al-Saadi to serve as chairman of the board.

According to an April 24 statement, the company appointed its vice chairman, Sheikh Khalid Mohamed al-Hamoodah, to be acting chairman until a successor was found to fill the role vacated by Sheikh Faisal al-Hashar at the time.

Al-Saadi was nominated to succeed Al-Hashar by state-owned Oman Investment Fund as its representative on Taageer's board.

The sovereign wealth fund owns a 33.63% stake in Taageer, according to S&P Global Market Intelligence data.