Dubai’s Emaar Properties has affirmed the appointment of Jamal Bin Theniyah as chairman of the board of directors for 2021.
Ahmed Jawa has also been selected as vice chairman, according to a bourse filing on Monday.
The emirate’s largest listed developer had named Theniyah to the position in December 2020 to replace the company’s founder Mohamed Alabbar, in compliance with corporate governance regulations.
Rules for listed companies in the UAE prohibit the chairman from having executive responsibilities, hence Alabbar was elected as the managing director last December.
The latest bourse filing stated that Alabbar will continue to serve as managing director this year.
The new board of directors elected for 2021 also include Jassim Mohammed AbdulRahim Al Ali, Ahmad Thani Rashed Al Matrooshi, Buti Obaid Buti Almulla, Eman Mahmood Ahmed Abdulrazzaq, Helel Saeed Salem Almarri and Sultan Saed Mohammed Nasser AlMansoori.
(Writing by Cleofe Maceda; editing by Seban Scaria)
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