Sunday, Jun 26, 2011
DUBAI (Zawya Dow Jones)--Dubai's ruler appointed Sheikh Ahmed bin Saeed Al Maktoum as the new chairman of Emirates NBD (EMIRATES.DFM), replacing Ahmed Humaid Al Tayer, according to the Emirates News Agency, or WAM.
The U.A.E.'s Vice President and Prime Minister Sheikh Mohamed bin Rashid Al Maktoum also named Hisham Abdullah Al Kasem as deputy chairman of the region's largest lender by assets, and Mohammed Obaid Al Shehhi, Mohammed Hadi Ahmed Abdullah Al Husaini and Shoaib Mer Hashim Khouri as members of the board.
The new board members, who represent the Dubai Government, replace Eissa Saleh Al Gurg, Fardan Ali Al Fardan, Khalid Jassem Bin Kalban, Abdullah Ahmed Lootah and Hamad Mubarak Bu Amim, the statement added.
Emirates NBD is about 56%-owned by the Dubai government.
Separately, Sheikh Mohammed appointed Sunday his son Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum as the new chairman of Noor Islamic Bank. He replaces Sheikh Ahmed Bin Saeed Al Maktoum, who is also chairman of Dubai Aviation Authority and Chairman of Emirates Group, the statement on WAM said.
-By Mirna Sleiman, Dow Jones Newswires; +9714 446-1698; mirna.sleiman@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
26-06-11 0526GMT
