Sunday, Oct 09, 2011
DUBAI(Zawya Dow Jones)--Aldar Properties PJSC is in the process of selecting a new chief financial officer after Shafqat Ali Malik resigned from the position last week, the company said.
"Mr Shafqat Ali Malik has today resigned his position as Chief Financial Officer of the company to pursue other opportunities. Mr Malik will continue to perform his duties as CFO of the company until the end of October 2011," Aldar Company Secretary U. Rajan Babu said in the statement posted on the Abu Dhabi Stock Exchange.
He added the position has so far not been filled.
"Aldar is currently in the process of selecting a new CFO and will announce an appointment in the near future," Babu said.
Aldar shares are trading up 1% at AED1.12 in a positive overall market.
Aldar Properties is Abu Dhabi's leading property development, investment and management company. Its property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Al Falah, and Noor Al Ain. The company owns a sizeable land bank in strategic locations throughout the Emirate.
-By Tahani Karrar-Lewsley, Dow Jones Newswires; +9714 446-1692; Tahani.Karrar@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
09-10-11 0654GMT
