Saeed Al Qatami appointed Acting CEO of Deyaar

Saeed Al Qatami appointed Acting CEO of Deyaar

Dubai, April 8, 2010: Deyaar Development PJSC, a regional real estate company dedicated to innovation, customer care and long-term sustainability, announced today the appointment of Saeed Al Qatami as Acting Chief Executive Officer. The appointment is part of an ongoing management restructuring being undertaken in line with the company’s long-term strategic objectives.

Deyaar made this announcement following a resolution by the company’s Board of Directors approving the appointment of Al Qatami to this position, while also approving the dismissal of the previous Chief Executive Officer, Markus Giebel, with immediate effect.

Al Qatami, who has served at Deyaar since 2007, most recently held the title of Vice President – Business Development at the Dubai-headquartered property developer. In that role, he was primarily responsible for developing Deyaar’s business portfolio in the UAE. Al Qatami previously held a range of managerial positions at Dubai Islamic Bank, including Head of Wealth Management. Earlier, he served at Standard Chartered Bank in the UAE.

About Deyaar:
Deyaar Development PJSC is one of the leading real estate companies in the region. Headquartered in Dubai, the company has grown significantly since its inception to evolve into a complete one-stop real estate solutions provider. Today, Deyaar stands at the forefront of the regional real estate sector, with interests in real estate development, property and facilities management, marketing and sales. Deyaar’s strategic solutions and deep market insights have helped create exceptional value for its investors. The company currently manages over 16,000 commercial and residential properties. Its operations are divided across four key business units, vis-à-vis, property development, lease management, asset management, and fund management divisions. Deyaar is well positioned to play a pivotal role in the development of the region's property landscape. The company complies with the Escrow legislation and all relevant property laws in the UAE. Deyaar is registered with the Real Estate Regulatory Authority under reference number 15/07.