Former Union Properties chief executive joins Majid Al Futtaim | The National: "Majid Al Futtaim is set to welcome Simon Azzam, a former chief executive of Union Properties, as chief executive of its Communities business unit.
This puts Mr Azzam in charge of expanding MAF’s residential projects division, which is currently working on three projects. A spokesman said that the company wanted to expand beyond malls and hotels, which account for the majority of MAF’s real estate business, and sees scope for growth in residential property.
Mr Azzam resigned from Union Properties soon after the global financial crisis. In 2009, the company posted losses of Dh227 million."
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