Exclusive: Ziad Melhem Resigns as Amana Capital's Business Development Chief

Amana Capital is having some changes to its top management as Ziad Melhem, the broker’s Chief Business Development Officer, is going to step down from his role at the end of this year, Finance Magnates learned exclusively.

Melhem is going to pursue some personal interests after parting from Amana Capital. However, he will remain with the broker in an advisory role to ensure a smooth transition to his successor.

“Amana Capital has been my home for the best part of a decade. Therefore, it was not an easy decision for me to make; however, my family and I have decided that this was an opportune time to pursue other passions,” Melhem said in a statement.

Indeed, he has spent the last eight years of his career with Amana, first joining the broker as its Chief Marketing Officer and then becoming its Chief Business Development Officer.

Before joining Amana Capital, he worked at GoldenHill, a company he helped found and led as its Chief Executive Officer. It provided consultancy and leadership services for its clients in Lebanon.

“I want to extend my deepest gratitude to the entire Amana Capital team, particularly the Co-Founders, Karim Farra and Ziad Aboujeb for the opportunities extended to me, and I am confident that the organization will continue to succeed as it always has,” Melhem added.

Big Changes

Furthermore, Amana, which is regulated in several jurisdictions globally, made other changes to its top leadership recently. In September, Muhammad Rasoul took over the broker as its new Chief Executive Officer, Finance Magnates reported.

Rasoul said: “Although I have only recently joined Amana Capital, I have known Ziad for much longer. His successor will have big shoes to fill as Ziad has been instrumental in driving Amana Capital’s growth and customer base. We appreciate him staying on in an advisory role for the next few months, and I wish him the best with his new pursuits.”

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