Dubai Properties turns to acting CEO after chief resigns
Dubai Properties, the real estate division of the investment vehicle Dubai Holding, has appointed Khalid Al Malik as acting group chief executive.
Mr Al Malik was chief real estate officer at Dubai Holding. His new appointment comes after Dubai Properties’ former group chief executive Raed Al Nuaimi resigned months after being appointed to the position in a management reshuffle at Dubai Holding in February.
“We confirm that Raed Al Nuaimi has resigned from his position as group chief executive of Dubai Properties for personal reasons,” the company said.
“We thank him for his valuable contributions and wish him all the best for the future. We have started looking for a replacement but in the meantime, we have appointed Khalid Al Malik, chief real estate officer at Dubai Holding, as an acting group CEO of Dubai Properties,” the statement said.
Before joining Dubai Holding in 2014, Mr Al Malik was chief executive of Dubai Properties.
He is on the board of several organisations including Empower, Arady Developments, SmartCity Malta, SmartCity Kochi, Dubai Creek Harbour, Tunisie Telecom and the UAE International Investment Council.
He has also held a number of Dubai Government and private roles in the past, including as director of operations at the Dubai Development and Investment Authority and chief executive of the Dubai Industrial City free zone.
In February, Dubai Holding made several senior management appointments, including Malek Al Malek as chief executive of free zone authority Tecom, Arif Mubarak as chief executive of Dubai Asset Management, and Nabil Ramadhan as chief executive of Dubai Retail.
Dubai Asset Management and Dubai Retail were established last year when Dubai Holding introduced a new operating model to position the group for future growth.
We confirm that Raed Al Nuaimi has resigned from his position as group chief executive of Dubai Properties COMPANY STATEMENT