Mideast veteran Dundas joins Qalaa board
Dubai, July 3, 2014
Qalaa Holdings (formerly Citadel Capital) has appointed Philip B. Dundas, a veteran in the Middle East business community with expertise in energy, finance, restructuring, joint investment as well as mergers and acquisitions, as a non-executive member in it board.
The appointment underscores Qalaa’s commitment to having an active board of directors that is not just a guardian of shareholder interests, but a corporate resource in its own right, stated its chairman and founder Ahmed Heikal.
“We are making a considerable investment in governance — making sure we have the people and systems we need to not just safeguard shareholder interest, but to ensure our growth is sustainable,” he added.
From 1981 until 2013, Dundas had been the managing partner of the Abu Dhabi office of Shearman & Sterling, having joined the firm in 1973 in New York.
He has previously served as a director of Hyundai Oilbank and STX Metals of Korea as well as Xojet and Fuji Marine. Dundas has received from industry publications wide recognition of his longstanding contributions to business and finance in the Middle East, particularly as it relates to energy and M&A.
He earned his BA from Wesleyan University and his JD from Washington & Lee University.
Qalaa Holdings is an African leader in infrastructure and industry focusing on energy, cement, agrifoods, transportation & logistics and mining.-TradeArabia News Service