LONDON (Alliance News) - Northacre PLC Tuesday said it has appointed Fawad Tariq as a director of the company and said Executive Director Jassim Alseddiqi has resigned with immediate effect.
Northacre did not state what role at the company Tariq will have, but prior to the appointment he was the head of Integrated Alternative Finance, the debt platform of Abu Dhabi Financial Group LLC, which is the company's ultimate parent company.
Northacre also didn't say whether Tariq's appointment and Alsediqqi's resignation were linked.
Northacre shares were untraded on Tuesday, last trading at 52.0 pence per share.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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