Dubai-Mubasher: Damac Properties’s shareholders approved on Wednesday the appointment of Nabil Alyousuf as an independent non-executive director, according to a bourse statement.
The shareholders, during their ordinary general meeting (OGM), agreed to permit the board members to conduct work competing with the company’s business for one year, pursuant to the companies’ commercial law.
The OGM also gave the go-ahead for amending the articles of associations including the dividend payout policy.
