Khamis Buamim, the chairman of Dubai’s Drydocks World, has reportedly stepped down and has been replaced by an official from the emirate’s department of finance.
The Wall Street Journal, citing sources close to the matter, said Buamim will be replaced by Abdulrahman Al Saleh, director general of Dubai’s department of finance.
Buamim took the helm of Drydocks in 2010, the US paper said, adding that it wasn’t clear why he had resigned and had declined to comment.
Drydocks World, owner of the Middle East's largest shipyard, is said to have sent a notification of Buamim’s departure to the creditors of the company, the paper reported.
Drydocks World repairs vessels and constructs offshore maritime infrastructure as well as owning the world famous QE2 cruise ship, which has been at the centre of a dispute over its future amid claims that it has been left to rot.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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