Abu Dhabi group Aldar Properties will likely appoint state fund Mubadala's Greg Fewer as chief financial officer, sources familiar with the matter said, in a further sign of the government taking up the reins at the troubled developer.
Fewer, associate director for project and corporate finance at Mubadala, will replace Shafqat Malik who resigned on Oct. 6., three sources told Reuters on Tuesday.
"A formal approval will be made by the board on Thursday," a fourth source said. Aldar was due to hold a board meeting on Oct. 20 to appoint a new CFO.
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