Developer Nakheel appoints new chairman

@DXBMediaOffice/ Twitter

Developer Nakheel has announced changes to its board of directors following the resignation of its chairman Ali Rashid Lootah.

According to Dubai Media Office, Lootah will be taking up a new position on the board of Dubai World following an invitation from His Highness Sheikh Ahmed bin Saeed Al Maktoum.

Mohammed Ibrahim Al Shaibani has been appointed as Nakheel’s new chairman. 

He is one of four new members on the company’s expanded seven-member board.

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