Nasser al-Shaikh quits two more jobs

EXCLUSIVE: Former Dubai finance chief steps down from roles including National Bonds, Taaleem.

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.

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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?

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