{"id":88604,"date":"2024-02-01T00:00:00","date_gmt":"2024-02-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/apex-investments-vice-chairman-and-board-members-resign\/"},"modified":"2024-02-01T00:00:00","modified_gmt":"2024-02-01T00:00:00","slug":"apex-investments-vice-chairman-and-board-members-resign","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/01\/apex-investments-vice-chairman-and-board-members-resign\/","title":{"rendered":"Apex Investment\u2019s vice chairman and board members resign"},"content":{"rendered":"

Three board members have resigned from ADX-listed Apex Investment\u2019s board <\/strong>following net losses in 2023<\/strong>, according to an ADX disclosure (pdf)<\/a>. Apex Investment, formerly Ras Al Khaimah Cement, saw Vice Chairman Elham Al Qasim, and board members Mansour Al Mansouri and Issa Khoury, resign effective Monday. <\/p>\n

Background:<\/strong> The company posted a net loss<\/a> of AED 58.4 mn and an 11.8% y-o-y drop in revenues to AED 723.5 mn in 2023. <\/p>\n

\n

\n

Edge appoints new cluster president: <\/strong>Defense conglomerate Edge Group<\/a> appointed Saif Al Dahbashi (LinkedIn<\/a>) as president of the group\u2019s missiles and weapons cluster yesterday, according to a company statement<\/a>. Al Dahbashi succeeds Hamad Al Marar, who was tapped as group managing director and CEO on Monday<\/a>. He has over 18 years of experience, including heading Edge\u2019s military maintenance, repair and overhaul arm Al Taif<\/a>. <\/p>\n

About the cluster: <\/strong>The missiles and weapons cluster is one of five Edge clusters dedicated to designing and developing smart weapons, firearms, and munitions. As cluster president, Al Dahbashi will oversee Edge defense manufacturer companies Al Tariq<\/a>, Caracal<\/a>, Halcon<\/a>, and Lahab<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apex posted a net loss of AED 58.4 mn in 2023<\/p>\n","protected":false},"author":1,"featured_media":88605,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1549],"tags":[728,718,7,33,1447],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-apex-investment","tag-edge","tag-enterpriseam-uae","tag-moves","tag-saif-al-dahbashi","wpautop","entry"],"acf":{"mongo_id":"02c2e884-e4ab-412e-92ed-728ef5b26328","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2137.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Apex Investment\u2019s vice chairman and board members resign + Edge appoints new head of missiles and weapons cluster","related_issue":[88584],"teaser":"Apex posted a net loss of AED 58.4 mn in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.94b0c1da-9267-46f8-b15e-6d934d67aa37.mp3"},"yoast_head":"\nApex Investment\u2019s vice chairman and board members resign - 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