Soud Ba'alawy to focus on Dubai Group resigns from the Financial Exchanges
- United Arab Emirates: Sunday, November 29 - 2009 at 09:47
- PRESS RELEASE
Dubai Holding announced that Soud Ba'alawy, Executive Chairman of Dubai Group, has decided to resign from his post as Chairman of NASDAQ Dubai. Mr. Ba'alawy will also resign his seats on the boards of the NASDAQ OMX Group, Dubai Financial Market and Borse Dubai to focus more closely on his core role at Dubai Group, the leading diversified financial services company of Dubai Holding.
Ba'alawy has been heading Dubai Group since its inception in 2000. His latest decision will not impact his status as member of other boards.
Dubai Holding is a shareholder in Borse Dubai, which in turn owns shares in NASDAQ Dubai, NASDAQ OMX Group and Dubai Financial Market.
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