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LONDON - Develop North PLC, a UK-based investment company, announced today the appointment of Dr Sameer Al Ansari as its Independent (LON:IOG) Non-Executive Director and Deputy Chairman, effective immediately. Dr Al Ansari brings over three decades of experience in finance and investment to the board, with a notable history of leadership in various sectors.
Dr Al Ansari’s career has spanned financial services, private equity, healthcare, real estate, and digital assets. Notably, he founded Dubai International Capital, serving as its Executive Chairman and CEO, and led SHUAA Capital as CEO during its recovery after the financial crisis. He was also the CEO of RAK Digital Assets Oasis and has held board positions with Al Ramz Corporation, TVM Healthcare Partners, and Marjan in the UAE.
The appointment is part of Develop North’s strategy to enhance its investment initiatives and expand its international presence, aiming to attract new investments and promote economic growth in the North East region. Dr Al Ansari’s appointment complies with the UK Listing Rules, and no further details requiring disclosure have been reported.
Develop North PLC, trading under the ticker DVNO, is advised by Tier One Capital Ltd and Cavendish Capital Markets Limited, with Apex Fund Administration Services (UK) Limited serving as its secretary. The information about this appointment is based on a press release statement.
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