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Tue, 02 Dec 2008 | 07:17 GMT

Deyaar appoints New Group Chief

Press Release
 
 
15 October 2008
Dubai - Deyaar DevelopmentDeyaar DevelopmentLoading..., the region's fastest growing real estate company, announced today the appointment of S. Krishnamurthy as the company's Group Chief Financial Officer. Krishnamurthy, who previously served at Dubai Investment GroupDubai Investment GroupLoading... as Senior Vice President responsible for executing multiple investment opportunities, including mergers and acquisitions, brings 18 years of extensive professional experience to this key role at DeyaarDeyaarLoading....

He also previously held the post of CFO at IKEA, where he looked after the South Asia region. Prior to joining IKEA, Krishnamurthy was with Jumbo Electronics overseeing the company's Singapore and Japan operations.

Krishnamurthy replaces Adnan Tareen, who is stepping down to pursue new professional challenges.

"I firmly believe that Krishnamurthy's experience has prepared him well to make a significant contribution to the ongoing growth and expansion of the company," said Markus Giebel, Chief Executive Officer, DeyaarDeyaarLoading.... "I would like to congratulate him on his new appointment and wish him every success in this exciting and challenging role.

"Having been part of DeyaarDeyaarLoading... since February 2005, Adnan Tareen has decided to move on to pursue new opportunities. I would like to take this opportunity to thank him for his strong support in engineering the outstanding financial performance of the company. All of us at DeyaarDeyaarLoading... wish Adnan the very best in his future endeavors."

- Ends -

About DeyaarDeyaarLoading...:
Deyaar DevelopmentDeyaar DevelopmentLoading... PJSC is one of the fastest growing real estate companies in the region. Headquartered in Dubai, the company has grown significantly to evolve into a complete one-stop real estate solutions provider. Today, DeyaarDeyaarLoading... is one of the most prominent brands in the regional real estate sector, with interests in development, property and facilities management, in addition to offering a range of services such as brokerage, marketing and sales. DeyaarDeyaarLoading...'s strategic solutions and deep market insights have helped create exceptional value for its investors. The company currently manages over 16,000 commercial and residential properties. DeyaarDeyaarLoading... is set to continue to play a pivotal role in the ongoing development of the region's property landscape. The company complies with the Escrow legislation and all relevant laws in the UAE. DeyaarDeyaarLoading... is registered with the Real Estate Regulatory Authority under reference number 15/07.

For more information, please contact:
Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Email: n.nesson@asdaa.com

Nitin Nambiar
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Email: n.nambiar@asdaa.com

Anusyia Nathan
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Email: a.nathan@asdaa.com

© Press Release 2008 from ASDA'A Public Relations

 
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