Dubai's du loses CFO

Amer Kazim will leave the telecoms operator to take up role with government-owned entity.
DU, Business, Leadership, Dubai

Share

du's stand at GITEX in Dubai.

Emirates Integrated Telecommunications Company (EITC) today, better known as du, on Thursday announced the resignation of its chief financial officer, Amer Kazim.

The company said Kazim is leaving to take up a position with a Dubai government-owned organisation but will remain with EITC until the end of the first quarter of 2019 to ensure a smooth handover of responsibilities.

Mohamed Al Hussaini, chair of EITC, said: “On behalf of the board of directors, I would like to thank Amer Kazim for the substantial contribution he has made to the company.

"Amer has been instrumental in driving an important phase of growth for EITC through proven financial governance capabilities. We wish him well in his future career and appreciate his dedication and efforts.”

EITC CEO Osman Sultan added: “Since joining EITC five years ago, Amer Kazim has been a valued member of the senior management team and a key contributor to the execution of the company’s strategy.

"His strong financial acumen has meant that he has been fundamental to the continued successful delivery of shareholder value creation. I would like to express my heartfelt gratitude and thanks to Amer and I wish him every success in the years to come."

In November, EITC said its nine-month net profit rose 9.2% after paying the Federal royalty.

Net profits totalled AED1.41 billion (US$380 million) for January to September while revenues increased by 4.8% to AED10.01 billion compared to the same period last year.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story