{"id":20782,"date":"2016-07-25T23:14:33","date_gmt":"2016-07-25T16:14:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=20782"},"modified":"2016-07-25T21:38:21","modified_gmt":"2016-07-25T14:38:21","slug":"eshraq-properties-appoints-alseddiqi-as-new-chairman","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-properties-appoints-alseddiqi-as-new-chairman\/","title":{"rendered":"Eshraq Properties appoints Alseddiqi as new chairman"},"content":{"rendered":"


\nEshraq Properties has appointed Jassim Alseddiqi as the chairman of the ADX-listed developer.Mr Alseddiqi, also the managing director and chief executive of Abu Dhabi Financial Group, had already been serving as a board member of Eshraq. He “will focus on energising the company’s operations to be a leading provider of premium real estate in the UAE and in creating long-term value for its stakeholders”, the company said.Eshraq, whose projects include residences on Al Reem Island in the capital, reported a loss of Dh1 million for the first quarter of this year, compared to Dh7m in losses in the same period a year earlier. It is yet to report second-quarter earnings.Mr Alseddiqi said that Eshraq has tremendous potential in terms of redefining the property and hospitality sector. “We will evaluate new investment opportunities and strategic partnerships that will build our portfolio and footprint. On the financial side, we are committed to optimising resource use, and to achieve long-term profitability for our stakeholders,” he said.Eshraq shares closed up 1.3 per cent and are up more than 36 per cent year-to-date.business@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Eshraq Properties appoints Alseddiqi as new chairman<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eshraq Properties has appointed Jassim Alseddiqi as the chairman of the ADX-listed developer.Mr Alseddiqi, also...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-20782","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5pc","jetpack-related-posts":[{"id":52011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-and-mubadala-team-up-for-abu-dhabi-plot-developments\/","url_meta":{"origin":20782,"position":0},"title":"Eshraq and Mubadala team up for Abu Dhabi plot developments","date":"April 16, 2017","format":false,"excerpt":"\r Eshraq Properties and Mubadala Development Company are teaming up to develop plots on Abu Dhabi's Reem and Al Maryah Islands.Eshraq said in a filing that the joint venture company would develop land plots in Abu Dhabi owned by Mubadala on Al Maryah Island and by Eshraq Properties on nearby\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-land-values-result-in-loss-for-eshraq-properties\/","url_meta":{"origin":20782,"position":1},"title":"Falling land values result in loss for Eshraq Properties","date":"February 12, 2017","format":false,"excerpt":"\r Abu Dhabi-listed Eshraq Properties slid into the red in 2016 as it took a hit on land values, the company reported.In a filing to the Abu Dhabi stock exchange on Sunday Eshraq posted a net loss of Dh575 million for 2016 compared with a net profit of Dh1.6m a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-focuses-on-abu-dhabi-and-dubai-projects-as-construction-starts\/","url_meta":{"origin":20782,"position":2},"title":"Eshraq focuses on Abu Dhabi and Dubai projects as construction starts","date":"January 23, 2017","format":false,"excerpt":"\r Eshraq Properties says it is pressing ahead with long-delayed projects in Dubai and Abu Dhabi.The Abu Dhabi-listed developer started initial work on the Dh225 million Jumeirah Rise project in Jumeirah Village Circle in October. It said that construction would last for 25 months.Eshraq said that it intended to retain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-plans-investments-in-abu-dhabi-and-dubai-as-it-starts-delayed-projects\/","url_meta":{"origin":20782,"position":3},"title":"Eshraq plans investments in Abu Dhabi and Dubai as it starts delayed projects","date":"January 23, 2017","format":false,"excerpt":"\r Eshraq Properties says it is pressing ahead with long-delayed projects in Dubai and Abu Dhabi with plans to invest Dh500 million in both emirates.The Abu Dhabi-listed developer started initial work on the Dh225 million Jumeirah Rise project in Jumeirah Village Circle in October. It said that construction would last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33575,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-properties-set-growth-plan-with-new-project\/","url_meta":{"origin":20782,"position":4},"title":"Eshraq Properties set growth plan with new project","date":"November 9, 2016","format":false,"excerpt":"\r The real estate developer Eshraq Properties said it is investing Dh750 million in projects in Abu Dhabi and Dubai set to be complete by 2021 as new leadership at the company tries to turn the corner following a series of quarterly losses. Jassim Al Seddiqi, who was appointed company\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-properties-sets-growth-plan-with-new-project\/","url_meta":{"origin":20782,"position":5},"title":"Eshraq Properties sets growth plan with new project","date":"November 9, 2016","format":false,"excerpt":"\r The real estate developer Eshraq Properties said it is investing Dh750 million in projects in Abu Dhabi and Dubai set to be complete by 2021 as new leadership at the company tries to turn the corner following a series of quarterly losses. 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