The logo of Emaar Properties PJSC sits on display on the top of a building near the Burj Khalifa skyscraper in Dubai, United Arab Emirates, on Monday, Oct. 12, 2020. Dubai real estate stocks were once the stars for investors betting on the city’s booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold homes and scant prospects for a recovery in the oil-rich region. Photographer: Christopher Pike/Bloomberg
, Bloomberg
(Bloomberg) --
Emaar Properties PJSC appointed a female to its board as the largest listed developer in Dubai complies with a new rule to boost gender diversity in the United Arab Emirates.
Eman Abdulrazzaq, who is currently the group chief human resource officer at Emirates NBD PJSC, will join eight others on Emaar’s board, according to a statement. Before that, she was the regional head of strategy, planning and chief of staff at HSBC Bank Middle East, according to Emaar.
The UAE’s market regulator last month said it will require at least one female director on the boards of all listed companies as firms around the world face pressure to boost gender diversity. The move was aimed at empowering Emirati women and encouraging them to play a greater role on the boards of listed companies, it said.
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