Ahmad Bin Byat appointed CEO of Dubai Holding

DUBAI, 7 March 2009: His Excellency Mohammad AlGergawi, Chairman of Dubai Holding, today announced the appointment of Ahmad Bin Byat as the new Chief Executive Officer of Dubai Holding.

AlGergawi said:"This appointment is in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, to offer outstanding leaders opportunities to assume positions, through which they contribute directly to building a strong knowledge-based economy."

"As the Executive Chairman of Tecom Investments, a member of Dubai Holding, and an integral member of Dubai Holding's leadership, Bin Byat has accomplished many achievements since the launch of the group. I am confident he will have a significant impact on the future growth of Dubai Holding, especially during this important period," AlGergawi added.

Bin Byat will work closely with Dubai Holding's Executive Committee, under the leadership of HE AlGergawi, towards the conclusion of the consolidation process of the back office operations for the real estate and investment companies. He will also put together the strategy and implementation mechanism to increase the efficiency of the group and its effectiveness towards the next growth phase.

Bin Byat occupies several high-ranking positions including, Chairman of the Emirates Integrated Telecommunications Company (EITC); Chairman of the Dubai Real Estate Corporation and Chairman of the Aswaaq Founding Committee. He is also a member of the Zayed University board of trustees.