Investcorp taps interim CEO: ADX-listed Bahraini investment manager Investcorp Capital appointed Mohamed Aamer (LinkedIn) as interim CEO, replacing Timothy Mattar (LinkedIn), who is retiring after 30 years with the group, according to a press release. Aamer previously served as a managing director in Investcorp’s private wealth department. The company will conduct a formal external search for a long-term successor. Last month, the company, which listed on the ADX in 2023, said it may be looking at a potential IPO or strategic partnership in the coming years.

Omar Habtoor Al Darei granted rank of minister: President Mohamed bin Zayed Al Nahyan has granted Omar Habtoor Al Darei, chairman of the General Authority of Islamic Affairs, Endowments, and Zakat, the rank of minister by federal decree, Wam reports. Al Darei also serves as the General Director of the UAE Council for Fatwa and is a board member at Mohamed bin Zayed University for Humanities.

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