Dubai – Mubasher: The board of Union Properties approved to appoint Khalifa Hasan Ali Saleh Al Hammadi as the company’s new CEO, following Ahmed Yousef Abdullah Hussien Khouri who was the managing director.

Khouri will keep his position as a board member, according to a bourse filing on Sunday.

It is noteworthy that over the first nine months of 2019, the firm saw a loss attributed to the shareholders of AED 163.88 million, versus a profit of AED 145.606 million in the prior-year period.