Nasser al-Shaikh quits two more jobs

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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.

Related:

Market Performance

Dubai Islamic Bank - UAE
8.1
0.2 2.53 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: ella

Now what will happen to National bonds?

Posted by: bewildered of dubai

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

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

..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..

Posted by: Joe

What is going on with this guy????? And how does someone have this many "jobs" to begin with???? What are the responsibilities for these "jobs"? I wonder what Mr. Shaikh's compensation was for each of these jobs??? Hmmmm?

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Q&A with Dubai Chamber

Q&A with Dubai Chamber

We spoke with Essa Al Zaabi of Dubai Chamber of Commerce to find...

The politics of big data

The politics of big data

The UAE may be one of the fastest adopters of e-government initiatives...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew