Dubai's Deyaar appoints new financial chief

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Dubai's Deyaar, the emirate's second-largest developer by market value, appointed Hawary Marshad as its new chief financial officer, the company has said in a statement.

Marshad will replace Yawar Pasha and will report to Deyaar's chief executive Saeed Al Qatami, the statement said.

Before joining Deyaar, Marshad was employed as chief financial officer at Zabeel Investments, a firm owned by the crown prince of Dubai.

The developer doubled its first-quarter net profit this year, as it gradually recovers from Dubai's property market crash.

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