IFFCO installs new board: Food and agri-business company IFFCO Group appointed a new seven-member board led by turnaround specialist Abdul Wahab Al-Halabi (LinkedIn), Bloomberg reports. The veteran of major Gulf restructurings and advisor to Houlihan Lokey has been named executive chairman and will oversee strategy, governance, and the group’s long-term recovery. Several senior IFFCO executives have also joined the board.

REMEMBER- IFFCO is currently working with Rothschild & Co to restructure around USD 2 bn in debt owed to lenders. The Paris-based firm was tasked with shoring up liquidity, leading creditor negotiations, and exploring fresh funding options and potential sales of non-core assets.

Sharjah ruler names new EPAA chair: Sharjah ruler and Supreme Council member Sultan bin Mohammed Al Qasimi issued a decree appointing Aisha Deemas (LinkedIn) as new chairperson of the Environment and Protected Areas Authority (EPAA), effective as of yesterday, state news agency Wam reports. The decree transfers Deemas from her previous role as director-general of the Sharjah Museums Authority.

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