Dubai Properties unveils management changes

Dubai: Dubai Holding on Saturday announced that Dubai Holding CEO Ahmad Bin Byat has assumed the position of Acting Chairman of Dubai Properties Group, replacing Hashim Al Dabal.

Announcing the change, the company said in a statement that Dubai Holding and all of its business entities are committed to the highest levels of corporate governance, and fully support the Dubai government's initiatives to uphold these standards. "Any reported issues are now a matter for the appropriate authorities," the statement said.

Reporting structure

Dubai Properties Group has recently appointed Khalid Al Malek to the position of Group CEO.

"DPG now represents the newly formed property vertical within Dubai Holding. Khalid Al Malek reports directly to Dubai Holding CEO Ahmad Bin Byat who has assumed the position of Acting Chairman of Dubai Properties Group. Dubai Properties Group remains focused on the delivery of its key projects and its commitment towards its customers, the official statement added.