Phoenix taps new CEO ahead of potential dual listing: Crypto miner Phoenix Group has named Munaf Ali (Linkedin) as its new group CEO, replacing current CEO Seyed Mohammad Alizadehfard, according to a disclosure to the ADX (pdf). Ali is the co-founder of the firm, and was previously managing director. Alizadehfrad will remain a majority shareholder in Phoenix, according to a separate statement.

WATCH THIS SPACE- The company is mulling a potential dual listing, including potentially on Nasdaq, in 2025. The group has yet to detail the timeline or specific steps for the listing.

REMEMBER- Appetite was strong for Phoenix’s IPO on the ADX, which raised some AED 1.36 bn last year. The retail portion was 180x oversubscribed, while the offering to institutional investors was 22x oversubscribed.

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