Dubai developer Deyaar appoints new chairman

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NEW BOSS: Al Hamli is chief executive of Dubai Islamic Bank, which has a 41 percent stake in Deyaar. (Getty Images)

Dubai developer Deyaar said it appointed Abdulla Al Hamli as the company's new chairman, replacing Nasser Al Shaikh who resigned last month.

In a meeting of the board of directors, Deyaar decided to accept the resignations of Al Shaikh and board member Khaled Al Mass, a statement posted on the bourse website said.

The company also elected and appointed Fahd bin Fahd and Mohammed al-Nahdi as board members, replacing two members who have also resigned.

Related: Deyaar Properties chairman resigns

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Al Hamli is chief executive of Dubai Islamic Bank, which has a 41 percent stake in Deyaar.

Shaikh resigned earlier this month from several government-linked positions, including Dubai Islamic Bank, just a month after he was replaced as head of the emirate's finances. (Reuters)