Sheikh Ahmed named Emirates NBD chairman
Dubai, June 26, 2011
Sheikh Ahmed bin Saeed al Maktoum, chairman of Emirates airlines and uncle to Dubai's ruler, has been appointed chairman of lender Emirates NBD, state news agency Wam said on Sunday.
Sheikh Ahmed replaces Ahmed Humaid Al Tayer, who is also governor of the Dubai International Financial Centre (DIFC).
The two men also helm Dubai's Supreme Fiscal Committee and were key figures during the emirate's debt crisis.
Separately, Wam said Sheikh Ahmed stepped down as chairman of Noor Islamic Bank. He will be replaced by Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum. - Reuters