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Dubai: DXB Entertainments’ CEO Mohammed Almulla has stepped down, and Remi Ishak has been named as interim replacement. Ishak is the theme park operator’s chief financial officer.
The company is currently fielding a privatisation bid from its biggest shareholder, Meraas, The move will see the re-capitalisation of DXB Entertainments and its eventual de-listing from Dubai Financial Market.
The theme parks business was severely restricted by the onset of the pandemic, and has since re-opened in phases.
Steady hand at helm
During his tenure, Almulla “oversaw the implementation of the company’s enhancement plans and completion of its hotel strategy,” it said in a statement. These enabled the business to “broaden its demographic and drive international visitation.”
Al Mal Capital announces plan for first Dubai listing in 2021
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DUBAI: Bahrain’s GFH Financial Group has announced the acquisition of warehouses in Spain operated by Amazon, as the asset management firm looks to tap into the growing Spanish e-commerce sector.
The transaction has been valued at around $77 million. The warehouses cover an area of over 100,000 square meters and are leased on a long-term basis to Amazon Road Transport SLU, a subsidiary of the global e-commerce retailer Amazon.
The facility has the potential to supply goods to a catchment area of around 4 million people in southeast Spain, and is located close to the major motorways linking the eastern coast of the country’s main cities of Barcelona, Valencia and Malaga to the European road network.