Aldar Property, the biggest listed developer in Abu Dhabi, named Mariam Saeed Ghobash as the company’s new vice-chairperson.
“Mariam’s investment expertise and her experience on the boards of some of the UAE’s largest entities will benefit Aldar during a very exciting period ahead,” said Mohamed Khalifa Al Mubarak, Chairman of Aldar.
She will replace Waleed Ahmed Almokarrab Al Muhairi who will be stepping down “in compliance with UAE Securities and Commodities Authority regulations relating to membership of multiple boards of public entities,” the company informed in its statement.
Mr. Al Muhairi will remain a member of the board of the company.
The seasoned investment professional is currently the Vice-Chairman of Invest AD and serves as a member of the Board of Directors of Etisalat and Emirates Development Bank. Moreover, she is the Director of the Global Special Situations Department at the Abu Dhabi Investment Council.
“I look forward to continuing to work with the board of directors and the executive team at Aldar, as we collaborate to deliver its sustainable growth strategy and ensure shareholder value.”
Mariam Saeed Ghobash
vice-chairperson – Aldar Properties
In 2018 Ms. Ghobash joined the board of directors of Aldar becoming the first woman on the board of the firm. She holds a Bachelor of Science degree in economics from The Wharton School, the University of Pennsylvania in the US and has completed a General Management Program from Harvard Business School
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region. It has completed projects like Al Reem Island Gate Towers and Yas Mall to name a few.
Earlier this year, Aldar increased its support for property, education and retail customers to complement the government’s efforts to soften the blow of the coronavirus pandemic to the economy of the Emirate.
Aldar had reported that its revenue in the first quarter of 2020 remained unchanged from the same period last year despite the coronavirus pandemic.