Dubai Holding appoints Amit Kaushal as CEO
DUBAI: Dubai Holding has appointed Amit Kaushal as chief executive officer. Kaushal, who was previously chief financial officer at Dubai Holding, replaced Edris Alrafi, who had left the investment firm after less than a year.
Dubai Holding, which owns Dubai Properties Group and hotel operator Jumeirah Group, is one of three main state holding companies in the emirate, managing about $35 billion of assets.
Kaushal has previously worked at Meraas, Goldman Sachs, UBS Group and Deutsche Bank AG in London and Dubai.
Alrafi, who was formerly chief commercial officer at Meraas, was appointed as CEO of Dubai Holding in April last year, replacing Fadel Al Ali. He joined Dubai Holding as it focused on a new organisational structure and debt management programme, according to a statement at the time.
Dubai Properties, a unit of Dubai Holding, also appointed Raed Al Nuaimi as CEO after the departure of Abdulla Lahej, according to a separate statement. Al Nuaimi was previously CEO of North25, a group managing projects across Dubai Holding and Meraas Holding. Prior to that he was CEO of DXB Entertainments.