Dubai developer Deyaar appoints new chairman

by Tamara Walid Thursday, 02 July 2009

Dubai developer Deyaar said it appointed Abdulla Al Hamli as the company's new chairman, replacing Nasser Al Shaikh who resigned last month.

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In a meeting of the board of directors, Deyaar decided to accept the resignations of Al Shaikh and board member Khaled Al Mass, a statement posted on the bourse website said.
The company also elected and appointed Fahd bin Fahd and Mohammed al-Nahdi as board members, replacing two members who have also resigned.

Al Hamli is chief executive of Dubai Islamic Bank, which has a 41 percent stake in Deyaar.

Shaikh resigned earlier this month from several government-linked positions, including Dubai Islamic Bank, just a month after he was replaced as head of the emirate's finances. (Reuters)



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