Dubai's Al Habtoor appoints former ADIA exec to board

The Al Habtoor Group has announced the appointment of a former Abu Dhabi Investment Authority executive to its board.

The Dubai-based conglomerate said in a statement that  Ahmed Al Otaiba has been hired as a company director and member of the board.

The position is a new role within the Group's executive team, with Al Otaiba working closely with all business units including Al Habtoor Motors, Habtoor Hotels, Diamondlease, Emirates International Schools, Dubai National Insurance and Reinsurance (DNIRC), Real Estate, and Construction.

Al Otaiba joins Al Habtoor after several years with the Abu Dhabi Investment Authority (AIDA) in the fields of investment strategies, funds, securities.

At Al Habtoor, he will occupy an "important position in running the Group's strategic operations and enhancing the management expertise", the statement said.

Last month, Al Habtoor Group announced a major reshuffle across its boards as part of plans to enhance growth.

Chairman Khalaf Al Habtoor said: "We are pleased to have talented, motivated and hard-working Emiratis on board our executive team... Mr Al Otaiba comes with a wealth of expertise. I wish him the best of luck in his new role."

Al Otaiba added: "I am honoured to join the Al Habtoor Group and am very much looking forward to working with the team. I am looking forward to all the exciting projects and opportunities ahead. I have always admired Mr Al Habtoor's work. It will be a great opportunity for me to learn from the man himself."