Abu Dhabi – Mubasher: Eshraq Properties said its shareholders appointed Jassim Mohammed Al Siddiqi as the new chairman, according to a statement.
During their ordinary general meeting (OGM), the shareholders also appointed Khaled Abdel Aziz as new board member to replace Saleh Mohammed bin Nasra Al Ameri and Yasser Hamad Al-Saghir.
The shareholders also approved to decrease the number of board members from 8 to 7.
Eshraq’s stock rose 2.70% to AED 1.14 by 12:00pm UAE time, with a turnover of AED 33.25 million generated from the exchange of 29.03 million shares.
