Abu Dhabi’s Al Jaber suspends CFO pending disciplinary hearing
Deeb joined the company in January 2014 as it was in talks with banks to renegotiate an estimated Dh15 billion of debt
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.
