By: Amr Adel

Dubai - Mubasher: The General Manager of Union Properties said on Monday that a restructuring plan for the company is being considered, but it remains subject to the approval of the new board of directors.

Ahmed Al Marri said in a surprising press conference that was held at the company’s headquarters that the plan depends on the strategy of the new management.

The main features of the plan will be revealed next week after the board meeting, which is scheduled for Thursday 4 May, he added.

The plan might also involve restructuring subsidiaries, Al Marri added.