Dubai – The board of DAMAC Properties has re-elected the company's founder and owner, Hussain Sajwani, as the company's chairman, according to the company's disclosure to Dubai Financial Market (DFM) on Thursday.
The board also approved the appointment of Farooq Arjomand as a vice-chairman.
It is noteworthy to mention that during the first three months of 2020, the company reported losses of AED 106 million, against a profit of AED 31.1 million for the same period of 2019.
Source: Mubasher
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