Nov 25 2009
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Soud Ba'alawy to focus on Dubai Group; Resigns from the Financial Exchanges
Ba'alawy said: "It was a great honour for me to participate in Dubai's evolution as a key financial centre. I am also grateful for having been given the opportunity to take forward the growth of the exchanges. I believe they have reached high levels of maturity today and therefore, I am now ready to focus on Dubai Group".
Ba'alawy has been heading Dubai Group since its inception in 2000. His latest decision will not impact his status as member of other boards.
Dubai Holding is a shareholder in Borse Dubai , which in turn owns shares in NASDAQ Dubai , NASDAQ OMX Group and Dubai Financial Market
About Dubai Holding
Dubai Holding was launched in October 2004 to consolidate the various large-scale infrastructure and investment projects in Dubai, as well as to identify opportunities to develop future major projects that will benefit the UAE and the region.
Under its slogan: "for the good of tomorrow" Dubai Holding has created a strong presence in 13 various industries by developing pioneering initiatives spanning numerous sectors including Finance, Real Estate, Technology, Hospitality, Energy, Healthcare, Aerospace, Communication, Industrial Manufacturing, Biotechnology, Education, Leisure & Entertainment, and Telecommunication.
Dubai Holding 's seven member companies are: Jumeirah Group, TECOM Investments, Dubai Group , Dubai Properties Group, Tatweer, Sama Dubai, and Dubai International Capital. Through these companies Dubai Holding has a foothold in four continents with more than 250 companies and around 16, 000 employees.
The seven members have initiated, launched, and manage companies in different sectors. These companies include: Jumeirah Living, Jumeirah Essex House , Wild Wadi, Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai investment Group, Noor Islamic Bank, Borse Dubai , Dubai Properties, Injaz, Salwan Properties Management, Dubai Healthcare City, Universal Studios Dubailand, The Tiger Woods Dubai, Dubai Towers, Salam resort brand, Dubai International Capital Global Equity, and Dubai International Capital Private Equity.
For more information, please visit www.dubaiholding.com
For more information, please contact:
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