The chief executive of Dubai’s Emaar Malls has resigned only four months after joining the company, according to a statement issued on Tuesday.
For the latest headlines, follow our Google News channel online or via the app.
Emaar announced that CEO Rajiv Suri’s had submitted his resignation in the statement issued to the Dubai Financial Market.
Amit Jain, Emaar Properties’ group chief executive officer, will handle Suri’s responsibilities until further notice.
The company declined to comment further when contacted by Al Arabiya English.
Emaar Mall’s profitability in 2020 was significantly affected by the coronavirus pandemic.
Its net profit between January and September of 2020 was $160 million (AED586 million), compared to $470 million (AED1.7 billion) the previous year.
Dubai’s Emaar founder Alabbar steps down, takes managing director roleDubai’s largest listed developer Emaar Properties has named Mohamed Alabbar, founder of the company and previously chairman of the board of directors, ... Economy
Coronavirus: Dubai’s Emaar chief abolishes all job titles at the property developerThe head of Emaar, one of Dubai’s largest companies, has abolished all titles for employees including his own in a move aimed at shifting the company ... Economy
Coronavirus: UAE retailers need to ‘be bold,’ says Emaar chief Mohamed AlabbarRetailers in the UAE need to “be bold” as the country gradually emerges from the coronavirus crisis, Emaar Chairman Mohamed Alabbar said in a ... Coronavirus