Home UAE Dubai Emaar Development announces new chairman, Alabbar to remain in executive role Adnan Kazim has been named as its new chairman in line with regulatory requirements by Aarti Nagraj December 20, 2020 Dubai-based Emaar Development – part of Emaar Properties, has appointed Adnan Kazim – the chief commercial officer at Emirates airline – as its new chairman, it revealed in a bourse statement on Sunday. The company, listed on the Dubai Financial Market (DFM), said that founder Mohamed Ali Alabbar – who was serving as the chairman – will now be “devoted to the executive management matters and the day-to-day affairs of Emaar”. The decision was taken at a board meeting on December 17. The move comes as part of measures to comply with the provisions of article 7b of the governance code applicable to public joint stock companies which prohibits combining the position of chairman of the board of directors and any executive position in the company, the statement said. Emaar Development also confirmed that Dr. Aisha Bint Butti Bin Bishr – head of Dubai Smart Office – has been named as the company’s vice-chairperson. The latest announcement comes after Emaar Properties took a similar step last week, naming Jamal Bin Theniyah as chairman with Alabbar taking on the role of managing director. Read: Emaar appoints new chairman as Mohamed Alabbar takes on role of MD Tags Adnan Kazim Chairman DFM Dubai Emaar Development finance Mohamed Alabbar News Real Estate 0 Comments You might also like How REITs are unlocking the potential of UAE real estate RTA to construct 762 bus shelters in key Dubai areas by 2025 Dubai approves Dhs152m bonus for government employees Strong cash flows for UAE stocks in Christmas Day trade