Tuesday, 23 February 2010
Nakheel executive joins the exodus
Manal Shaheen, Nakheel’s influential chief commercial officer, has left the Dubai-based developer as the emirate attempts to draw a line under its past real estate excesses.
The departure of Ms Shaheen comes amid large-scale redundancies at the troubled property company, which lies at the heart of the restructuring of a total of $22bn in debts by Dubai World, its parent.
The company confirmed that Ms Shaheen had left but declined to say when or under what circumstances she quit. Ms Shaheen herself said yesterday that she left for “personal reasons”.
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