original source Reuters
Dubai developer Deyaar said it appointed Abdulla Al Hamli as the company's new chairman, replacing Nasser Al Shaikh who resigned last month.
In a meeting of the board of directors, Deyaar decided to accept the resignations of Al Shaikh and board member Khaled Al Mass, a statement posted on the bourse website said.
The company also elected and appointed Fahd bin Fahd and Mohammed al-Nahdi as board members, replacing two members who have also resigned.
Related: Deyaar Properties chairman resigns
Al Hamli is chief executive of Dubai Islamic Bank, which has a 41 percent stake in Deyaar.
Shaikh resigned earlier this month from several government-linked positions, including Dubai Islamic Bank, just a month after he was replaced as head of the emirate's finances. (Reuters)
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