REFILE-Chairman of NASDAQ Dubai quits, stays at Dubai Group

Wed Nov 25, 2009 6:28pm GMT
 
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(Refiles to correct spelling of name in paragraphs 3 and 4)

DUBAI, Nov 25 (Reuters) - Soud Ba'alawy, chairman of NASDAQ Dubai (NDAQ.O), has resigned after more than two years in his position, the bourse said on Wednesday. Ba'alawy will also resign from the board of the NASDAQ OMX Group, Nasdaq Dubai said in a statement.

Ba'alawy will keep his position as executive chairman of Dubai Group which he has held since it was set up in 2000.

"I look forward to refocusing my energies more closely on my responsibilities at Dubai Group," Ba'alawy said in the statement. Dubai Group is part of the conglomerate Dubai Holding that manages the wealth of the Gulf Arab emirate's ruler.

(Reporting by Rania Oteify; editing by Firouz Sedarat) ((rania.oteify@thomsonreuters.com; +971 4 391 8301; Reuters Messaging: rania.oteify.thomsonreuters.com@reuters.net))

 

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