Monday, Apr 16, 2012

(This story was originally published Sunday.)

DUBAI (Zawya Dow Jones)--Abdulaziz Al Ghurair, the chief executive of Dubai-based lender Mashreq, has been appointed chairman of the Dubai International Financial Centre Authority.

The DIFC Authority is a management body that oversees the centre's growth strategy and administration.

The recent DIFC Authority appointment comes based on an official decision by Sheikh Maktoum bin Mohammed Al Maktoum, Dubai's deputy ruler and the president of the DIFC, according to an emailed statement Sunday.

Al Ghurair, who holds a variety of positions in his family's sprawling business empire, is also deputy chairman of the board of directors of the DIFC. He was appointed to that position last August.

-By Asa Fitch, Dow Jones Newswires, +971 4 446-1685, asa.fitch@dowjones.com

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

16-04-12 0334GMT