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.