WCA July 2019

Industry news

New chief financial officer for Ducab

our future strategy and guiding the company’s continued expansion into new industries and global markets.” Andrew Shaw, Ducab CEO, welcomed Mr Al-Naqbi to his new role: “This is Ducab’s 40 th anniversary year and we warmly welcome Meshal as our first Emirati CFO. As well as responsibility

for the finance operations of Ducab he will also oversee the finance function for Ducab joint ventures and subsidiaries Ducab High Voltage, Ducab Aluminium Company and AEI Cables, UK.” Ducab – United Arab Emirates Website : www.ducab.com

DUCAB, one of the UAE’s largest manufacturing businesses, has appointed Meshal Al-Naqbi to the position of chief financial officer, taking responsibility for the management of the company’s global finance operations. He has been serving as the deputy CFO at Ducab since 2016. Dr Ahmad Bin Hassan Al Shaikh, Ducab chairman, applauded the appointment: “Ducab are committed to continuous career development for all employees and promotion from within. The Ducab board have closely followed Meshal’s career since he joined Ducab in 2016 as part of the company’s active development of Emirati professionals. We are delighted to be able to recognise his experience and development with this promotion to CFO.” Dr Al Shaikh also paid tribute to Mr Arif Choksy, the outgoing CFO: “Arif has been Ducab CFO since 2001 and has been a vital part of the company’s incredible growth story. His financial prowess and understanding of the business have brought great value to the board and management team alike. I am pleased that he will be staying in Ducab to continue his work developing Solar addition The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of a 100MW solar power park in Cambodia. “Having reliable, sustainable and affordable energy sources is crucial for the economic development of a rapidly expanding country such as Cambodia,” said ADB principal climate change specialist Pradeep Tharakan. He added: “ADB’s assistance will not only help diversify Cambodia’s energy mix through solar power development, but also help the country meet its greenhouse gas emissions reductions target, as per the Paris climate agreement.” In 2018, Cambodia’s installed electricity capacity totalled nearly 2,175MW, with hydropower account- ing for 1,330MW (about 62 per cent). Asian Development Bank – Philippines Website : www.adb.org

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Wire & Cable ASIA – July/August 2019