Dubai ruler trims Investment Corp. of Dubai's board

Reuters Middle East

DUBAI, Nov 20 (Reuters) - Dubai's ruler has trimmed the

board of Investment Corporation of Dubai (ICD), the emirate's

investment arm, cutting it down to five members from six, state

news agency WAM reported on Tuesday.

Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum will

continue as the chairman and Dubai crown prince, Sheikh Hamdan

bin Mohammed al-Maktoum, will remain vice-chairman, WAM said

citing a decree by the ruler.

The other board members are Sheikh Maktoum bin Mohammed

al-Maktoum, ICD Chief Executive Mohammed al-Shaibani and

Emirates airline Chairman Sheikh Ahmed bin Saeed al-Maktoum, who

is also the ruler's uncle.

Ahmed Humaid al-Tayer is no longer part of the board.

Tayer, a former governor of the Dubai International

Financial Centre, was also chairman of Emirates NBD

until last November when he was replaced by Sheikh Ahmed.

(Reporting by Praveen Menon; Editing by Amran Abocar)

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