Dubai - MENA Herald: Al Ramz Corporation, formerly Dubai Development Company DDC, held its first Board Meeting on Wednesday, January 6, 2016. The following decisions were taken:
- The Election of:
- H.E. Mr. Khalifa Mohammad Al Kindi as the Chairman of the Board
- Mr. Dhafer Sahmi Al Ahbabi as the Vice Chairman of the Board
- The appointment of Dr. Fady Kayyal as the Board Secretary
- The appointment of the Chief Executive Officer was postponed to the next meeting
- The appointment of a regulatory-approved valuation house (one of the Big 4) to valuate Al Ramz Capital for potential acquisition (subject to the General Assembly and regulatory final approvals)
- The election of The Audit Committee
- The election of the Nomination and Remuneration Committee
- The appointment of a Compliance and Internal Audit Officer
- Relocation of the Head Office to Fairmont Hotel, Sheikh Zayed Road
The meeting was adjourned by H.E. the Chairman, who wished the Board and the Company the best of luck.