Dubai-UAE: 26 May, 2013

Deyaar Development (Deyaar), a leading real estate developer and services provider, today announced the appointment of Hawary Marshad as the company's new Chief Financial Officer.

As part of his role, Marshad will provide both operational and strategic support to the organization, on matters relating to the management, sourcing and deployment of capital; preparation and review of financial statements and ensuring regulatory compliance, with the overall objective of facilitating business growth and profitability. He will directly report to the Chief Executive Officer at Deyaar Development.  

Marshad brings with him more than 23 years of diversified experience as a leading finance professional. He is particularly credited for his cross functional corporate and entrepreneurial background in both public accounting and industry.

Commenting on his appointment, Saeed Al Qatami, Chief Executive Officer, Deyaar, said, Deyaar, said: "We welcome Hawary to Deyaar Development. We are confident he will add significant value to the senior management at Deyaar. His exemplary track record in the finance and real estate sectors will certainly benefit our business and allow for more growth and development. In addition, we believe his qualities of leadership and foresight will drive our financial operations to greater success and profitability."

In his previous role, Marshad held the position of Chief Financial Officer at Zabeel Investments LLC in Dubai, and earlier at AMS Baeshen & Co. in Jeddah. Previously, he enjoyed an 11-year association with Ernst & Young in Dubai in the Audit and Assurance Department. He holds a bachelor's degree in Business Administration with a major in Finance from the University of Houston, Texas (1990). He also holds a Certified Public Accounting (CPA) qualification from the Montana State Board of Accountancy.

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About Deyaar:
Deyaar Development PJSC is a leading real estate company in the region. Headquartered in Dubai, the company has grown significantly since its inception to evolve into a complete one-stop real estate solutions provider. Today, Deyaar stands at the forefront of the regional real estate sector, with interests in real estate development, property and facilities management, marketing and sales. Deyaar's strategic solutions and deep market insights have helped create exceptional value for its investors.

The company currently manages over 16,000 commercial and residential properties. Its operations are divided across four key business units, vis-à-vis, property development, lease management, asset management, and

fund management divisions. Deyaar is well positioned to play a pivotal role in the development of the region's property landscape. The company complies with the Escrow legislation and all relevant property laws in the UAE. Deyaar is registered with the Real Estate Regulatory Authority under reference number 15/07.

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