Friday 20 March 2015

Dubai’s Emaar denies rumours that chairman intends to leave | The National

Dubai’s Emaar denies rumours that chairman intends to leave | The National:



"Emaar Properties, Dubai’s largest listed real estate developer, said on Thursday it categorically denied rumours that its chairman Mohamed Alabbar intended to leave the company.



Mr Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.



There was speculation about Mr Alabbar’s role after he participated at an investment conference in Egypt last week in a presentation about the construction of a new $45 billion capital city for the country."



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