Lootah to chair Nakheel board

Lootah to chair Nakheel board. (REUTERS)

The Supreme Committee overseeing Dubai World and its subsidiaries announced that the Board of Directors for Nakheel will be chaired by Ali Rashed Ahmed Lootah.

The statement said the board members will include Khalid Mohamed Salem Bakheet, Khalil Issa Ahmed Awad, Adel Khalifa Al Shair and Ibrahim Hussein Al-Fardan.

According to the statement, the board will immediately start working on implementing the proposed restructuring plan unveiled last Friday.

The board will also work on a number of main projects, chosen according to the company's priorities, and ensure it continues to meet its various obligations.


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