Dubai-based Emaar Properties announces group CEO exit
Dubai-based real estate firm, Emaar Properties, has announced Sunday the departure of Abdullah Lahej from his role as Group Chief Executive Officer.
The listed company made the announcement through a Dubai Financial Market notification.
Amit Jain, Group Chief Operating Officer will be stepping in to handle Lahej’s responsibilities after his departure. It was not confirm whether Jain will be promoted to the role of Group Chief Executive Officer, replacing Lahej.
Emaar Properties, over the past decade, has become a global player in the industry. But the builder of the world’s tallest tower Burj Khalifa has reported near-flat fourth quarter profit last February, after taking a write-down on the backdrop of a fire at one of its hotels on New Year’s eve.