Union Properties shareholders vote to dismiss chairman, three board members | ZAWYA MENA Edition
Shareholders of Dubai’s Union Properties have voted to dismiss the company’s board chairman and three other board members, according to a disclosure to the Dubai Financial Market (DFM).
The shareholders approved the dismissal of Khalifa Hassan Al Hammadi, who has served as chairman of the developer’s board since July 2020, as well as vice chairman Fathi Ben Grira and members Dahi Yousif Al Mansouri and Jorg Klar, during a recent general assembly.
With the dismissal, three board members are left in post – Darwish Abdulla Al Ketbi, Mohammad Fardan Al Fardan and Abdul Wahab Al Halabi.
The general assembly also voted to not ratify the auditor’s report ending December 31, 2020, or the balance sheet and the profit and loss account of the company for the same period.
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