By Christoph Haebler and Baron Henri Estramant.
Dubai Holding, the investment vehicle of the Emirate of Dubai, UAE, has promoted two management members to the roles of managing director and chief executive. Namely incumbent CEO Ahmed Bin Byat has been promoted to vice-chairman and managing director, according to a statement by Dubai Holding. Byat holds several other positions in the Emirate of Dubai, including chairman of telecoms provider du and director general of Dubai Technology and the Media Free Zone Authority.
Chief Operating Officer Fadel bin Abdulbaqi Al Ali is appointed to the position of CEO. Al Ali is also chairman of the board at the investment firm Dubai International Capital, is a board member of du, the Dubai Financial Services Authority, Emaar Properties as well as hotel operator Jumeirah Group.
Dubai Holding assets are valued at $35.39 billion according to its own estimations. Among companies owned by Dubai Holding are Delvaux and Flamant ( Belgium).
For more information
Dubai Holding:
http://dubaiholding.com/about-dubai-holding/management
Fadel bin Abdulbaqi Al Ali: http://www.jumeirah.com/en/jumeirah-group/about-jumeirah-group/board-of-directors/fadel-abdulbaqi-al-ali1/
Dubai International Capital: www.dubaiic.com/
Telecom Du: www.du.ae/
