Dubai Holding announces first set of leadership appointments following the realignment exercise

Al Dabbal was formerly the Executive Chairman of the Dubai Properties Group.

It was also announced that Khalid Al Malik, formerly the Chief Executive Officer (CEO) of Tatweer, has been appointed as Group CEO of the Property vertical. Dr. Muhadditha Al Hashimi will now be acting CEO for Tatweer.

Announcing the appointment, Ahmad Bin Byat, Chief Executive Officer (CEO) of Dubai Holding, said:

"The calibre and capabilities of our senior leadership play a critical role in our success and we are fortunate to have in place an outstanding leadership team whose commitment and experience is greatly valued in Dubai Holding. This appointment will enable us to drive the necessary realignment of our property business to ensure the long term growth and profitability of the group as we deliver on our mandate to create a better tomorrow for the communities in which we operate."

Al Dabbal also said, "I thank our leadership for this vote of confidence and I am confident that along with my team we can continue to ensure the delivery of our world class projects. Khalid Al Malik brings a wealth of experience on high profile projects in hospitality and leisure, healthcare, and real estate to his new position. He will play a major role in ensuring that the key projects are delivered successfully."

These appointments follow Dubai Holding's announcement that it is in the process of realigning its business into four verticals, focused on core competencies, to streamline its operations and ensure the continued delivery of world-class projects and future growth.

Ahmad Sharaf, former Tatweer Investments CEO has been appointed in a leading role for Dubai Holding's Corporate Strategy Office. In addition, formerly Dubai Properties Group CEO, Mohamed Binbrek, also moves to Dubai Holding's Corporate office to lead its newly created infrastructure division.

These appointments follow Dubai Holding's announcement that it is in the process of realigning its business into four verticals, focused on core competencies, to streamline its operations and ensure the continued delivery of world-class projects and future growth.

The Property vertical integrates and leverages the strengths and portfolios of Dubai Properties Group with Sama Dubai, as well as Tatweer's real estate development projects including Reemram, The Tiger Woods Dubai, Dubailand and Bawadi. The Business Parks vertical integrates the existing operations of TECOM Investments with Dubai Healthcare City and Dubai Industrial City.