Dubai World appoints Al Shirawi vice-chairman of Istithmar World

Dubai: Dubai World, one of the world's largest holding companies, on Thursday appointed Adel Al Shirawi as the vice-chairman of Istithmar World, an alternative investment house for Dubai World.

Al Shirawi, the former CEO of Tamweel, the largest provider of real estate finance in the UAE, will assume his duties from Sunday. As vice-chairman, Al Shirawi will report directly to the chairman of Dubai World and Istithmar World, Sultan Ahmad Bin Sulayem. He will continue to serve as a member of the Board of Directors of Tamweel.

Meanwhile, Wasim Saifi has been appointed CEO of Tamweel.

He is a member of Tam-weel's Board of Directors and chairman of its Audit and Risk Management Committee since 2005 .