In a major reshuffle, Dubai-based real estate developer Emaar Properties on Monday recommended a new board increasing the strength of members to 11 from the present eight.
Sheikh Hamdan Bin Mohammed Al Maktoum, Dubai’s Crown Prince and chairman of the Executive Council, nominated seven new members on board taking the total to 11 and replaced four directors, Emmar Properties said in a regulatory filing to the Dubai Financial Market.
“As the current term of Board of Directors of Emmar Properties PJSC will expire on the date of the Annual General Meeting of the company, scheduled in April 2012. … Al Maktoum nominated these candidates as the members of the Board of Directors of the company,” it added.
New members include Abdullah Mohamed al Marri, Jamal Majed bin Thaniah, Arif Obeid Al Duhail, Abdul Rahman Al Hareb, Fadel Abdul Baki al Ali, Marwan Iqbal Abdeen and Abdulla Belyoahah.
Chairman of the board, Mohamed Ali al Abbar, Vice Chairman Hussain Ahmed Al Qemzi and two directors Ahmed Jamal Jawa and Ahmad Thani Al Matrooshi would continue on the company’s board.
While four members who did find a place in the new list are –Lowai Mohamed Belhoul, Majid Saif Al Ghurair, Khalifa Hassan Al Daboos and Saeed Ahmad Al Tayer.
Emaar is one of the world’s leading real estate companies, having developed about 89 million square feet of real estate across residential, commercial and other business segments and with operations in 14 countries including India.
In India, Emaar Properties has a joint venture – Emaar MGF Land Ltd — with MGF Development Ltd of India.
