Abu Dhabi’s Al Jaber suspends CFO pending disciplinary hearing

Abu Dhabi: Al Jaber Group, the family-owned Abu Dhabi company whose businesses span construction, engineering and shipping, said it suspended Chief Financial Officer Sam Deeb after about a year in the role. “The Al Jaber Group announced today that the Al Jaber Group Chief Financial Officer Sam Deeb has been suspended pending a disciplinary hearing,” the company said in an e- mailed statement on Tuesday, without giving further details. Deeb joined Al Jaber in January 2014 as it was in talks with banks to renegotiate an estimated Dh15 billion ($4 billion) of debt, including about Dh7.5 billion of loans and overdrafts. The company signed a final restructuring agreement with banks in June.