Emaar’s Alabbar Named Managing Director in Line With Rules
Bloomberg 12/13/2020 Abbas Al Lawati and Zainab Fattah © Bloomberg The logo of Emaar Properties PJSC sits on display on the top of a building near the Burj Khalifa skyscraper in Dubai, United Arab Emirates, on Monday, Oct. 12, 2020. Dubai real estate stocks were once the stars for investors betting on the city’s booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold homes and scant prospects for a recovery in the oil-rich region.
(Bloomberg) Mohamed Alabbar, founder of Dubai’s largest developer Emaar Properties PJSC, is stepping down as chairman to comply with regulatory requirements and will continue running the government-backed company as its new managing director.
UAE: Emaar Appoints New Chairman, Alabbar Becomes Managing Director
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Dubai s Emaar appoints new chairman as founder takes managing director role
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Emaar names new chairman; Alabbar named managing director
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