BANKRUPT BANKER
Showing posts with label Dubai Islamic Bank. Show all posts
Showing posts with label Dubai Islamic Bank. Show all posts
Nasser al-Shaikh resigned from three more companies on Monday linked to Dubai's government, including Dubai Islamic Bank DISB.DU
Friday, 26 June 2009
Nasser al-Shaikh resigned from three more companies on Monday linked to Dubai's government, including Dubai Islamic Bank DISB.DU, a day after leaving its affiliate Deyaar DEYR.DU.Officials and statements from Dubai Islamic, National Bonds, and education provider Taaleem confirmed Shaikh's resignations just a month after he was replaced as head of Dubai's Department of Finance. Shaikh declined to comment.The move will likely add to investor confusion as Shaikh had spearheaded the launch of the emirate's $20 billion bond programme in February, a move aimed at easing worries that state-linked companies could default on debts.He was removed from his post in May without explanation.None of the companies gave a reason for the resignations, which initially sent Dubai Islamic shares lower, before closing 1.2 percent higher.Shares in Deyaar, in which Dubai Islamic holds around a 41 percent stake, rallied on Monday after falling 1.7 percent on Sunday.Dubai Islamic and Deyaar said in statements they would meet shortly to consider the ratification of Al Shaikh's resignation. A spokeswoman for Shaikh confirmed he had also stepped down from National Bonds and Taaleem. Two spokeswomen said he would stay on as chairman of troubled mortgage lender Amlak AMLK.DU, in which Emaar Properties EMAR.DU holds a 45 percent stake, according to Reuters data.Deyaar chief executive Markus Giebel told Reuters late on Sunday Deyaar was a stable company with the backing of Dubai Islamic Bank, and Shaikh's resignation would not have a big impact on the company.
0
comments
-
BBC Cliff Richard raid coverage was 'invasion of privacy' - BBC News - BBC Cliff Richard raid coverage was 'invasion of privacy' - BBC News: 'via Blog this' :Text may be subject to copyright.This blog does not claim copyri...
-
The Spanish Untouchables - [image: Busto del Rey Juan Carlos I de España en su vi...] A new tell-all book that details what led to Spanish king Juan Carlos giving up the throne wou...
-
'Hatchet' Gerard Kavanagh shot dead in Costa del Sol pub - Gerard Kavanagh was shot dead in a bar on the Costa del Sol Notorious gangster Gerard “Hatchet” Kavanagh was gunned down by two masked assassins yesterda...
-
Gang boss burns out garda sergeant's car while he plays football - Gardai have launched a major investigation after a car belonging to a popular sergeant was burnt-out in a grudge attack linked to gangland thugs. SHARE T...
-
Spanish police have arrested a Colombian drug boss dubbed ‘The Mouse’, the alleged leader of a major cocaine smuggling gang accused of 400 killings - Spanish police have arrested a Colombian drug boss dubbed ‘The Mouse’, the alleged leader of a major cocaine smuggling gang accused of 400 killings, offi...
