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Monday, November 30 - 2009

Deyaar appoints new Group Chief Financial Officer

  • United Arab Emirates: Thursday, October 16 - 2008 at 11:03

Deyaar Development, a fast growing real estate company, announced yesterday the appointment of S. Krishnamurthy as the company's Group Chief Financial Officer.

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Krishnamurthy, who previously served at Dubai Investment Group as Senior Vice President responsible for executing multiple investment opportunities, including mergers and acquisitions, brings 18 years of extensive professional experience to this key role at Deyaar.

He also previously held the post of CFO at IKEA, where he looked after the South Asia region. Prior to joining IKEA, Krishnamurthy was with Jumbo Electronics overseeing the company's Singapore and Japan operations.

Krishnamurthy replaces Adnan Tareen, who is stepping down to pursue new professional challenges.

Markus Giebel, Chief Executive Officer, Deyaar, said:
"I firmly believe that Krishnamurthy's experience has prepared him well to make a significant contribution to the ongoing growth and expansion of the company. I would like to congratulate him on his new appointment and wish him every success in this exciting and challenging role."


"Having been part of Deyaar since February 2005, Adnan Tareen has decided to move on to pursue new opportunities. I would like to take this opportunity to thank him for his strong support in engineering the outstanding financial performance of the company. All of us at Deyaar wish Adnan the very best in his future endeavors," Giebel added.
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Notes and media contacts

About Deyaar:

Deyaar Development PJSC is one of the fastest growing real estate companies in the region. Headquartered in Dubai, the company has grown significantly to evolve into a complete one-stop real estate solutions provider. Today, Deyaar is one of the most prominent brands in the regional real estate sector, with interests in development, property and facilities management, in addition to offering a range of services such as brokerage, marketing and sales. Deyaar's strategic solutions and deep market insights have helped create exceptional value for its investors. The company currently manages over 16,000 commercial and residential properties. Deyaar is set to continue to play a pivotal role in the ongoing development of the region's property landscape. The company complies with the Escrow legislation and all relevant laws in the UAE. Deyaar is registered with the Real Estate Regulatory Authority under reference number 15/07.

For further information, please contact:

Nicholas Nesson / Nitin Nambiar / Anusyia Nathan
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080

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