Royal Development Holding promotes Nazzal to CEO: Tariq Nazzal (LinkedIn) has been promoted to CEO of Emirates Stallions Group’s Royal Development Holding, according to a press release. Nazzal was appointed general manager when the platform was launched.

Need a refresher? Emirates Stallions Group consolidated its real estate businesses under Royal Development Holding in June as part of a broader reorganization, creating a dedicated vehicle for its development and property assets.

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MEANWHILE- Kuwait’s DFM-listed Agility Public Warehousing Company’s (Makhazen) CEO Tarek Sultan (LinkedIn) has stepped down for personal reasons, according to a DFM disclosure (pdf). The board is set to convene to review the exit.

Equitativa names new board director: Equitativa, the manager of Emirates REIT, tapped Trevor McFarlane (LinkedIn) as the board’s new non-executive independent director, following Dubai Financial Services Authority approval, according to a Nasdaq disclosure.

Background: McFarlane brings with him substantial experience in geopolitical, macro-economic, financial, and regional policy analysis. He is also the founder and CEO of Emir, serves on the board of Binghatti Holding, and previously worked at The Economist.

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