By Tamara Walid
Abdulla Al Hamli replaces Nasser Al Shaikh who resigned last month.
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)
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 ?