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Wednesday, November 25 - 2009

Saraya Aqaba announces EFB Brokerage & Investment Company and Dubai International Capital as new Board members

Saraya Aqaba Real Estate Development Company psc is proud to announce the official addition of two new members elected into Saraya Aqaba's Board of Directors, namely the EFB Brokerage and Investment Company, represented by Mr. Abdul Raouf Bitar and Dubai International Capital, represented by HE Mr. Samir Rifai.

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This announcement comes after Saraya Aqaba convened its fourth extraordinary general assembly meeting on Sunday October 30, 2005 at Le Royal Hotel, Amman, which saw the attendance of over 95% of the shareholders.

The meeting was headed by Mr. Ali Kolaghassi, CEO and Board Member of Saraya Aqaba. "I would like to thank all those who attended the fourth general assembly elections and congratulate the newly elected Saraya Aqaba board members. We are certain that the positive results will benefit and strengthen the pool of expertise on the project board."

Saraya Aqaba's Board of Directors currently consists of the following members: Three seats for Saraya Jordan (represented by Sheikh Saad Hariri 'Chairman of the Board', Mr. Ali Kolaghassi and Mr. Samer Mouasher), two seats for the Social Security Corporation (represented by Dr. Khaled Al-Wazani and Mr. Mohamed Adeinat), one seat for Arab Bank (represented by Mr. Salim Nazzal), one seat for Aqaba Development Corporation (represented by Mr. Imad Fakhoury), one seat for the EFB Brokerage and Investment Company (represented by Mr. Abdul Raouf Bitar) and one seat for Dubai International Capital (represented HE Mr. Samir Rifai). The new Board of Directors is expected to convene in the near future.
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About Saraya Aqaba- 'Sea of Opportunity'
Founded by Saraya Jordan Real Estate Development Company psc, the Social Security Corporation (SSC), Arab Bank, and Aqaba Development Corporation (ADC). Saraya Aqaba symbolizes an ancient Arab city featuring the modern luxuries and splendor of a world class destination, with a variety of five 5-star hotels, a contemporary shopping district, lavish residences and enriching art venues. It is a bustling "city within a city" of modern offices and apartments, all set within a rich and textured environment, lush gardens and sparkling waterways. Saraya is a unique setting that combines shopping, dining, entertainment, accommodation, as well as cultural activities, all within the context of an authentically styled ancient city. Seemingly built over time, Saraya Aqaba feels alive and real.

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