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Thu 2 Jul 2009 11:08 AM

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Dubai developer Deyaar appoints new chairman

Abdulla Al Hamli replaces Nasser Al Shaikh who resigned last month.

Dubai developer Deyaar appoints new chairman
NEW BOSS: Al Hamli is chief executive of Dubai Islamic Bank, which has a 41 percent stake in Deyaar. (Getty Images)

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

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)

Suresh 10 years ago

Deeyar is sitting on our hard earned money for more than a year without starting the project or even acquiring the land for it !! It is only sitting in an escrow account and of no use to you anyway ! Can we please have our money back ? Can RERA or the Dubai government PLEASE PLEASE do some thing ?