Business | Property

Deyaar appoints new chairman

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

  • Staff Report
  • Published: 22:48 July 2, 2009
  • Gulf News

Dubai: Dubai developer Deyaar said it appointed Abdullah Al Hameli 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 Khalid Al Mass, a statement posted on the bourse website said.

The company also elected and appointed Fahd Bin Fahd and Mohammad 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 per cent stake in Deyaar.

Al 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.

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