Amana Capital, one of the leading online financial trading platforms, announced today that the company has selected Muhammad Rasoul, an industry veteran with a strong entrepreneurial, commercial and operational track record in the global financial sector, as the company’s new CEO.
In an official announcement shared with Finance Magnates, Amana Capital mentioned that Ahmad Khatib will be stepping down from his current role due to personal reasons. The financial services provider added that Khatib will stay on in a strategic advisory role to ensure a smooth transition. Khatib will facilitate Amana Capital’s growth.
Rasoul has extensive experience in the online financial services industry. The newly appointed CEO advised and consulted different regulatory authorities around the world including the CFTC, NFA, ASIC, FCA and the FSA in Japan.
Commenting on the latest appointment, Karim Farra and Ziad Aboujeb, Co-Founders of Amana Capital, said: “We are thrilled that Muhammad will be joining the Amana Capital family and are confident that his plethora of industry experience will prove to be very valuable for the brand as we push forward with our growth trajectory. We also want to thank Ahmad for his dedication and exemplary leadership over his 11 years that made Amana Capital the regional leader it is today.”
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“As part of the search committee to select a new CEO, I was thoroughly impressed by Muhammad’s industry acumen and approachable persona. Although stepping down from Amana Capital as CEO, an organization that has been my family for over a decade, was a very difficult decision, Muhammad is ideal to navigate Amana Capital through the coming years. I personally look forward to working closely with him,” said the outgoing CEO, Ahmad Khatib.
Rasoul is relocating from the United States for his new role. Previously, he was a Co-Founder of the US industry pioneer, GFT Markets in 1996 before leaving to become the Chief Product Officer and Executive Vice President at the NYSE-listed, Gain Capital, eventually overseeing the acquisition of GFT Markets and City Index. Rasoul later joined B2B liquidity provider Alpha, which, under his leadership, was sold to Playtech in 2017.
Amana Capital is planning to accelerate its global expansion through the latest appointment. In the last few years, the company has seen consistent growth in its business and expanded its products and services to meet growing demand.
“It is an extremely exciting time for the industry around the globe, but none more so than in the Middle East. I want to thank the founders and Ahmad for their support and their confidence in my capabilities, and not only do I look forward to my new role at Amana Capital and meeting everyone in the organization in person, but to call Dubai home,” Rasoul commented.