Emaar reshuffles board, appoints 7 New members

Emaar Properties, builder of the world's tallest tower, nominated seven new members to its board, according to a nomination by the emirate's Crown Prince. Sheikh Hamdan Bin Mohammed Al Maktoum recommended a new board, which increases the number of members from the current eight to 11, a bourse statement said on Monday. New members include Abdullah Mohamed al Marri, Jamal Majed bin Thaniah, Arif Obeid Al Duhail, Abdul Rahman Al Hareb, Fadel Abdul Baki al Ali, Marwan Iqbal Abdeen and Abdulla Belyoahah. Board members unchanged are Chairman of the board, Mohamed Ali al Abbar and three other members Hussain Ahmed Al Qemzi, Ahmed Jamal Jawa and Ahmad Thani Al Matrooshi. Four members did not make the new list. These are Lowai Mohamed Belhoul, Majid Saif Al Ghurair, Khalifa Hassan Al Daboos and Saeed Ahmad Al Tayer. Emaar's shares were trading down 0.7 percent on Dubai bourse at 0735 GMT.