After "Emaar Properties" ... "Emaar Development" is discussing changes to its board of directors
Emaar Development Company, listed on the Dubai Financial Market, revealed that the Board of Directors will discuss the required changes to the positions of the Board of Directors next Thursday, December 17th.
According to the company’s statement to the Dubai Financial Market, this comes to comply with the requirements of the Public Shareholding Corporate Governance Manual attached to the Authority’s Chairman Decision No. (3 / RM) for the year 2020. This meeting for Emaar Development Company comes after the announcement of Emaar Properties to the market yesterday, by electing Muhammad Al-Abbar is a managing director of the company to devote himself to the affairs of the executive management and the daily follow-up of the company's affairs, and the board also elected Jamal bin Thania as chairman of the board of directors and Ahmed bin Jawa as vice president, in compliance with the Public Shareholding Company Governance Guide, which prohibits combining the Chairman of the Board of Directors with any executive position in the company .
In statements to the managing director of Emaar Properties, Muhammad Ali Al-Abbar yesterday, to "Emirates Today", that the new changes in the company come in compliance with the Public Shareholding Company Governance Manual, which prohibits the combination of the position of the Chairman of the Board of Directors and any executive position in the company.
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