Yaqub named as Emitac CEO after Fakharany’s departure

Balall Yaqub has been named as the new CEO at Emitac after the departure of Wael Fakharany from the role. Fakharany, who joined Emitac approximately four months ago from networking vendor 3Com, has left the distributor for ‘purely personal reasons’ according to a company spokesperson.

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By  Stuart Wilson Published  July 2, 2006

Balall Yaqub has been named as the new CEO at Emitac after the departure of Wael Fakharany from the role. Fakharany, who joined Emitac approximately four months ago from networking vendor 3Com, has left the distributor for ‘purely personal reasons’ according to a company spokesperson. Amer Khreino, general manager at Emitac Distribution, commented: “Balall Yaqub has been associated with Emitac for the last 30 years and has close ties to the Board of Directors and owners of the company. This is a permanent appointment and Yaqub and the Board of Directors have been working closely on the strategic plans for Emitac.” Emitac has multiple business interests including IT distribution, IT services and vertical solutions operations in sectors such as healthcare. Yaqub takes on his new role having previously held a managerial role at Avanza — a software development outfit that is also part of the Emitac group. “There are still many plans pending for the Emitac group including the distribution operation and Yaqub’s close links to the Board of Directors will play an important role in the development of the company,” added Khreino. Emitac has still not given up on its plans to expand into Saudi Arabia. A potential joint venture with in-country Saudi Arabian distribution outfit AIM has been on the table for some time but has not yet been finalised. According to Khreino, Emitac Distribution fared well during the recent credit crisis to afflict the Dubai-based channel. “Fortunately, we have been working externally and internally to establish thorough credit policies. We understand that the financial transparency is not there in the Middle East so we have to ensure that we have excellent market intelligence.”

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