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Dubai: Abdul Rahman Saif Al Ghurair, first vice-chairman of Dubai Chamber of Commerce and Industry, has been elected chairman by its Board of Directors yesterday at a meeting held at the Chamber premises.
Al Ghurair replaces Obaid Humaid Al Tayer, now Minister of State for Financial Affairs.
Majed Hamad R. Al Shamsi is voted the first vice-chairman and Hisham Abdullah Al Shirawi the second vice-chairman. Helal Saeed Al Merri, a board member, is promoted as member of the Executive Committee and has also been chosen Vice-Treasurer.
Abdul Jalil Yousuf Darwish retained his previous position as Treasurer and the two other Executive Committee members, Rashid Humaid Ali Al Mazroie and Raja Easa Al Gurg have been reelected.
Al Ghurair is a senior member of the multi-billion dollar Al Ghurair business conglomerate including the Abdul Rahman Saif Al Ghurair Investments LLC.
The election meeting was presided over by the outgoing chairman, Obaid Humaid Al Tayer.
Al Tayer thanked the new Board of Directors and encouraged them to do their best and to take forward the new strategic plan of the Chamber that complements Dubai Government's Strategic Plan 2015.
During the meeting. the board members also approved the financial report for the year 2007.
The board also approved the auditor for the financial year 2008 and also approved the amendments of the Human Resources directory as well as the Chamber's new regulatory structure and the financial statements for University of Dubai for the year ending August 31, 2007.
The Executive Committee supervises the Chamber's financial and administrative affairs in conformity with the Executive Regulations and the decisions made by the Board that manages Dubai Chamber's affairs and activities and is directly involved in planning the Chamber's general policy, adopting necessary plans, programmes and events within its powers, strategy, general objectives, business requirements and the country's needs.
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