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Al Qudra replaces chairman
- United Arab Emirates: Wednesday, May 21 - 2008 at 07:21
Abu Dhabi-based Al Qudra Holding has announced that it has replaced its chairman and six board members, reported Reuters. The company, which in March scrapped plans to sell shares in what would have been the UAE's second-largest IPO, replaced Salah Al Shamsi, who had already relinquished day-to-day operations to a new chief executive appointed in March. New CEO Mahmoud Ebrahim Al Mahmoud said Al Shamsi's departure was not performance related.
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Jeff Florian, Senior ReporterWednesday, May 21 - 2008 at 07:21 UAE local time (GMT+4)
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