Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Tuesday 30 March 2010
Nakheel replaces chairman, names new board
Dubai Tuesday replaced Sultan Ahmed bin Sulayem as chairman of struggling property developer Nakheel as it tries to manage the $10.5 billion debt pile made under his leadership.
The government appointed a new board and named Ali Rashid Ahmed Lootah as the new chairman, replacing bin Sulayem, who is also chairman of government-owned conglomerate Dubai World.
"The new board will work on strengthening Nakheel's capabilities in line with the proposed restructuring plan that was announced," a statement from the media office of Dubai's ruler said.
No comments:
Post a Comment