Press Release

Last Updated: Sun, Feb 1 2015 | 4:45 PM |

Ali Rashed Ahmed Lootah appointed Chairman of Nakheel

Posted: Tuesday, 30 March 2010 Company: Nakheel - UAE

Country: United Arab Emirates

Industry Sector: Real Estate

Category:

Description: The Supreme Committee supervising Dubai World and its subsidiaries announced this morning, the formation of a Board of Directors for Nakheel.

Comments: The Supreme Committee supervising Dubai World and its subsidiaries announced this morning, the formation of a Board of Directors for Nakheel.

The board will be chaired by Ali Rashed Ahmed Lootah, and its members include: Khalid Mohamed Salem Bakheet, Khalil Issa Ahmed Awad, Adel Khalifa Al-Shair, and Ibrahim Hussein Al-Fardan.

The board of Directors will immediately start working on enhancing Nakheel's abilities to implement the proposed restructuring plan unveiled last Friday. The Board shall work on a number of main projects, which will be chosen according to the company's future priorities, and will ensure it continues to meet its various obligations. The Board will also ensure Nakheel's ability to reach a quick and balanced recovery, to return to activity, and to regain its position and role as an important component of the national economic system.

The Board of Directors will also work on monitoring and acting on all possible opportunities that may open up new horizons for the company. Nakheel is considered one of the biggest real estate developers in the world which portfolio includes a number of mega projects, most notably, the Palm Islands.

This announcement comes days after the unveiling of a restructuring plan for Nakheel and its parent company, Dubai World.

Contact Details:

Email: lamees@mediaoffice.ae
Contact number:
Name: lamees Al Hajry
Company: The Media Office

Details:

Press Releases Search

<< February 2015
Sun Mon Tue Wed Thu Fri Sat
 1   2   3   4   5   6   7 
 8   9   10   11   12   13   14 
 15   16   17   18   19   20   21 
 22   23   24   25   26   27   28 
Don't miss
Dubai topples Heathrow as world's busiest international airport

Dubai topples Heathrow as world's busiest international airport

Full-year passenger numbers total nearly 70.5m in 2014; forecast to grow to 79m this year,...

Dubai's Princess Haya receives UN's 2015 Hunger Hero Award

Dubai's Princess Haya receives UN's 2015 Hunger Hero Award

UN Secretary-General Ban Ki-moon presented the award during a ceremony at the World Economic...

'When greed isn't good': Mohamed Alabbar on the current fluctuations in the region's stock markets

'When greed isn't good': Mohamed Alabbar on the current fluctuations in the region's stock markets

A short-sighted approach to investing is hurting the Dubai Financial Market, the Emaar chairman...

The Big Debate: Can Gulf governments reduce their dependency on expats?

The Big Debate: Can Gulf governments reduce their dependency on expats?

GCC states have launched many initiatives to reduce the gap between foreign and local workers...

Revealed: The big brands, personalities and trends that dominated 2014

Revealed: The big brands, personalities and trends that dominated 2014

Classified ads website Dubizzle beat out names such as Emirates, Etisalat and Air Arabia in...

And the winner is… 2014's richest, most powerful and those destined to be the stars of the future

And the winner is… 2014's richest, most powerful and those destined to be the stars of the future

The executives who featured in this year's biggest lists and those who walked away with the...

Analysis: Gulf airlines' obsession with sports sponsorship

Analysis: Gulf airlines' obsession with sports sponsorship

In football, cricket, athletics or any other professional sport, the opportunity to emblazon...

Insider: Oil and gas sector in fear of hackers as cyber attacks surge 179%

Insider: Oil and gas sector in fear of hackers as cyber attacks surge 179%

Experts have put the vital industry on high alert as the threat from online criminals increases...

Opinion: Khalaf Ahmad Al Habtoor on the current stock market turbulence

Opinion: Khalaf Ahmad Al Habtoor on the current stock market turbulence

UAE businessman says just because some investors are selling shares at lower prices doesn't...

Most Discussed