Amana Capital, one of many key on-line monetary buying and selling platforms, said today that Muhammad Rasoul, a business veteran with a strong entrepreneurial, business, and operational monitor report in the worldwide monetary sector, has been appointed as the company’s new CEO.
According to an official notification provided with Finance Magnates by Amana Capital, Ahmad Khatib will be stepping down from his current position due to personal reasons. Khatib will continue in a strategic advising role, according to the financial services company, to ensure a smooth transition. Amana Capital’s development will be aided by Khatib.
Rasoul has extensive experience in the online financial services industry. The newly hired CEO proposed and sought advice from a variety of regulatory agencies throughout the world, including the CFTC, NFA, ASIC, FCA, and FSA in Japan.
Karim Farra and Ziad Aboujeb, Co-Founders of Amana Capital, commented on the new appointment, saying, “We’re thrilled that Muhammad will likely be joining the Amana Capital household and are confident that his plethora of business expertise will prove to be very beneficial for the model as we push forward with our development trajectory.” We also want to congratulate Ahmad for his devotion and excellent leadership over the past 11 years, which has helped Amana Capital become the regional leader it is today.”
“As a member of the search committee to find a new CEO, I was blown away by Muhammad’s business expertise and personable demeanour. Though standing aside as CEO of Amana Capital, a firm that has been my family for over a decade, was a difficult decision, Muhammad is the ideal person to lead Amana Capital into the coming years. “I personally look forward to working closely with him,” said Ahmad Khatib, the outgoing CEO.
Rasoul is relocating from the United States to take up his new position. He was a Co-Founder of the US business pioneer, GFT Markets, in 1996 before departing to become the Chief Product Officer and Government Vice President of the NYSE-listed Achieve Capital, where he eventually oversaw the purchase of GFT Markets and Metropolis Index. Rasoul then joined B2B liquidity provider Alpha, which was acquired by Playtech in 2017 under his leadership.
With the new appointment, Amana Capital intends to accelerate its international expansion. The company has enjoyed steady growth in recent years, and it has extended its services and products to meet growing demand.
“It’s an especially exciting period for business all across the world, but none more so than in the Middle East. I’d want to express my gratitude to the founders and Ahmad for their support and belief in my talents, and I’m looking forward to starting my new job at Amana Capital and meeting everyone in the group in person, not to mention relocating to Dubai,” Rasoul said.