New BoDs for DIFC Authority

The previous board is stepping down on schedule following its success in overseeing the creation and initial operational period of the DIFC.

The chairman of the new board is David Eldon, a former chairman and Chief Executive of Hong Kong and Shanghai Banking Corporation Limited. The Deputy Chairman is Abdulaziz Abdulla Al Ghurair, the Chief Executive of Mashreqbank. The other board directors are Sameer Al Ansari, Hussain Al Qemzi, Cyrus Ardalan, Assem O. Kabesh and Essa Kazim.

Dr Omar bin Sulaiman, the Director-General of the DIFC Authority, has been appointed as Chairman of DIFC Investments, which oversees the investment strategy of the DIFC as well as the operation of any current and future subsidiaries of the DIFC.