Nasser al-Shaikh quits two more jobs
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 22 June 2009
The former boss of Deyaar Properties has stepped down from two more high profile roles, Arabian Business can reveal.
Nasser al-Shaikh – who this week quit as chairman of Deyaar and, on Monday, as a board director for Dubai Islamic Bank – has now stepped down from his job as vice-chairman of National Bonds.
He has also resigned as chairman of education provider Taaleem, we can reveal.
Shaikh was replaced in May as head of Dubai's Department of Finance after spearheading the launch of the emirate's $20 billion bond programme in February, a move aimed at easing worries that state-linked companies could default on debts.
“He has resigned from these positions for personal reasons,” a source close to al-Shaikh said.
READERS' COMMENTS
Posted by ella, dubai, uae on Tuesday 23 June 2009 at 10:30 UAE time
Now what will happen to National bonds?
Posted by bewildered of dubai, dubai, uae on Tuesday 23 June 2009 at 08:41 UAE time
maybe he's quit all these jobs because he's won the national bonds draw. I know I would certainly quit my jobs if I won.
Posted by KH, Dubai, UAE on Tuesday 23 June 2009 at 00:30 UAE time
Surprisingly he has not resigned from the position of Chairman Amlak. I wonder if this is good news for all the stake holders of Amlak that he might now have the time to solve the Amlak crisis or I could be completley wrong :(.
Posted by Kaptain, Honululu, Miami on Monday 22 June 2009 at 15:05 UAE time
..this heralds the depth of the situation is not healthy neither positive..and much more could be and should expected to worsen..??
Would anyone from the Government come forward and make it clear to all about the current financial crises..??
Nobody resigns in good times..and that too from high profile jobs..not 1 but 5 of them..
Situation indeed below the surface is blurred, hidden, drastic and severe..
Click here to post a comment
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST POLITICS & ECONOMICS
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST POLITICS & ECONOMICS
LATEST MIDDLE EAST BUSINESS NEWS
- Transportation: RTA unveil new plans for driver safety in Dubai
- Politics & Economics: Emerging markets 'havens for stolen assets' - World Bank
- Energy: Pressure seen easing on struggling Saudi power grid
- Travel & Hospitality: Dubai hoteliers 'need to get real on room rates'
- Politics & Economics: Al Habtoor chief upbeat on Dubai future
SHARE PRICE CHECK
RELATED STORIES
Dubai Islamic Bank PSJ (DIB)
- Double digit growth for Islamic banking assets in 2009
5 Nov '09 | News - Dubai Islamic Bank Q3 net profit falls 31%
24 Oct '09 | News - Dubai's Rasmala eyes $133m Saudi property fund
5 Oct '09 | News
National Bonds
- Looking after the pennies
6 May '09 | Interviews - National Bonds to quadruple monthly prize draws
3 May '09 | News




