Luhrmann, the creative mind behind the 2022 biopic 'Elvis,' teased the possibility of delving further into Presley's musical legacy
Damac Properties, Dubai’s largest private developer, has announced the appointment of Farooq Arjomand as the new chairman of the company, replacing Hussain Sajwani.
The announcement was made on Tuesday morning in a statement posted on Dubai Financial Market, where Damac is listed.
The new appointment takes place with immediate effect.
Sajwani is also the founder of Damac Properties.
The statement further noted that Ali Malallah Binjab has been named vice-chairman of Damac Properties with immediate effect.
Sajwani resigned last week and offered to take over the rest of Damac’s shares for $599 million through his Maple Invest Co. Ltd. He currently owns a 72 per cent stake in the developer.
Damac’s shares were down 0.77 per cent to Dh1.28 at the opening of the trade on Tuesday morning on Dubai Financial Market.
ALSO READ:
Damac Properties reported a first-quarter net loss of Dh189.6 million, up from Dh106.1 million posted a year earlier, despite a pick-up in sales.
The Dubai-based property developer said the increase in losses was mainly because it had yet to account for revenue from projects about to be completed.
waheed@khaleejtimes.com
Luhrmann, the creative mind behind the 2022 biopic 'Elvis,' teased the possibility of delving further into Presley's musical legacy
Winslet will grace the German festival to present the European premiere of her latest cinematic endeavour 'Lee'
The singer-songwriter expressed her annoyance at the persistent association of her identity with her father, actor Keith Allen
Scale Dubai's heights and capture the city's skyline from new viewpoints
The Bollywood actress is one of the five Indians who have been chosen to be a part of Young Global Leaders (YGL) Community: The Class of 2024
The director also revealed his initial casting choices, expressing his intention to cast Bobby Deol and Preity Zinta in the lead roles
In the clip gone viral, Karan Johar posed a dilemma to Salman, asking him to choose between the two divas in terms of beauty
Being built on an island of almost 62 hectares, the resort will have 20 restaurants, some of which will be helmed by top chefs from worldwide