The meeting which was held at Saraya headquarters in Amman and headed by Mr. Ali Kolaghassi Vice Chairman and CEO of Saraya and Vice Chairman of Saraya Aqaba, was attended by shareholders owning more than 82% of the Saraya Aqaba's total shares who approved unanimously the financial statements for the year 2005, elected Ernest and Young as auditors for the financial year 2006 and voted on amending two articles of Saraya Aqaba's Articles of Association.
During the meeting, Saraya Aqaba's Board highlighted some of its latest achievements including; the commencement of construction work, infrastructure set up, new roads constructions around the project site in addition to the company's various development activities in Aqaba and its local community.
'We are proud that we have become pioneers in the real estate sector through the development of a unique real estate resort utilizing the highest worldwide quality standards. Furthermore, we are introducing a new concept of hospitality services that includes fully furnished residential units. We have also taken the initiative in servicing the local community in Aqaba through environmental, social, and educational development programs paving the way for Saraya Aqaba to be distinguished in all aspects' said Mr. Ali Kolaghassi the Vice Chairman.
Saraya Aqaba Board of Directors currently consists of; three seats for Saraya Jordan, two seats for the Social Security Corporation, and one seat for each of: Arab Bank, Aqaba Development Corporation, Capital Investments and Brokerage/Jordan (previously, Export for Brokerage and Investment Company), and Dubai International Capital.
Saraya Aqaba holds its 5th General Assembly meeting
Saraya Aqaba held on October 19, 2006 its fifth Extraordinary General Assembly meeting.
- United Arab Emirates: Monday, October 30 - 2006 at 14:21
- PRESS RELEASE
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg
Index : Company News : Saraya
Browse related articles
Browse related articlesToday's most read articles:
Most read articles the past week:
Log in to request more information from SarayaNotes and media contacts
About Saraya AqabaSaraya Aqaba is Saraya's first project located on the western tip of Aqaba around a man-made lagoon. The project will commence operations in 2009, adding approximately 1.5km of beachfront to the Gulf of Aqaba.
The project comprises approximately 617,000sqm (not including Radisson SAS land) of master planned development combining shopping, dining, entertainment, freehold accommodation and cultural activities within the context of an authentically styled ancient city, all built around a man-made lagoon. The approximate total cost of the project is US$995.7 million, with an approximate construction cost of US$800 million.
Saraya Aqaba features six luxury 5-star hotels, three of which are operated by Jumeirah, the Dubai-based luxury hospitality group, who also operates the Water Park and manages Grand Villas and Villas in this new large scale project.
Starwood Hotels and Resorts Worldwide Inc will operate the other three hotels in the project.
In addition to these hotels, and Water Park, there will be ample residences, a convention center, an old souk and a wharf promenade. Saraya Aqaba aims to cater to the needs of Aqaba's local residents, as well as regional and international visitors and businessmen.
Saraya Aqaba's partners in this project are the Social Security Corporation (SSC), the Arab Bank, the Aqaba Development Corporation (ADC), and a number of individual and corporate investors.
The exclusive build contractor for Saraya Aqaba project is Saudi Oger Ltd, ensuring the delivery of the highest specifications and construction standards.
For further information please contact:
Dimah Khalili
Media Communication and PR Manager
Saraya
P.O. Box: 815321
Amman 11180, Jordan
Tel: +962 6 5505444
Fax: +962 6 5561738
Posted by Lara Lynn Golden, News EditorMonday, October 30 - 2006 at 14:21 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Sunday, December 03 - 2006
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Web Feeds