11/09/2017 05:41 AST

Drake & Scull (DSI) on Sunday said that Majid Saif Al-Ghurair, company’s chairman, has resigned from his position.

The Dubai-listed company, in a short statement to the bourse, said that Al-Ghurair has resigned from the chairmanship and membership of the board of directors for “personal reasons.”

“The BOD [board of directors] will elect a new chairman during the next BOD meeting,” the company said.

In a separate statement to the Dubai bourse, DSI said it would hold its next BOD meeting on Tuesday, September 12, to elect a new chairman and vice chairman.

The company earlier elected four new board members to fill the vacant positions, including the one left by then-executive vice chairman and CEO Khaldoun Al-Tabari, in an assembly meeting on Saturday, September 10.

The new board members, Ahmed Al-Kilani, Abdulla Atatreh, Ahmed Saeed Al-Hamiri and Saad Albastaki, will complete the term of their predecessor, DSI said.


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