MOVES-Dubai Holding, Dubai Properties Appoint New CEOs

Feb 6, 2018

Marasi Water Home by Dubai Properties. Image for illustrative purposes.

DUBAI- Dubai Holding, the investment vehicle of the emirate's ruler, has appointed former banker Amit Kaushal as chief executive, the company said on Monday. 

Kaushal, who was most recently Dubai Holding's chief financial officer, will replace Edris AlRafi who had stepped down from his position of chief executive of Dubai Holding, it said. 

Abdulla Lahej, group chief executive officer of a unit of Dubai Holding, decided to leave Dubai Properties, Dubai Holding said in the same statement. 

He will be replaced by Raed, who joins from North 25, which was launched last year to manage multibillion dollar development projects across Dubai Holding and real estate developer The leadership change follows a reshuffle of senior officials at Dubai Holding last year, involving the departure of the chief executive and vice chairman. 

Dubai Holding has assets worth 130 billion dirhams ($35.40 billion). Its portfolio companies own business hubs, hotels, resorts as well as telecommunications and financial services assets. 

 

Credits To The Zawya

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