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Deyaar Appoints New Group CFO

DUBAI — Deyaar Development, the region’s fastest growing real estate company, announced on Thursday the appointment of S. Krishnamurthy as the company’s Group Chief Financial Officer. Krishnamurthy, who previously served at Dubai Investment Group as Senior Vice President responsible for executing multiple investment opportunities, including mergers and acquisitions, brings 18 years of extensive professional experience to this key role at Deyaar.

He also previously held the post of CFO at IKEA, where he looked after the South Asia region. Prior to joining IKEA, Krishnamurthy was with Jumbo Electronics overseeing the company’s Singapore and Japan operations.

Krishnamurthy replaces Adnan Tareen, who is stepping down to pursue new professional challenges.

“I firmly believe that Krishnamurthy’s experience has prepared him well to make a significant contribution to the ongoing growth and expansion of the company,” said Markus Giebel, Chief Executive Officer, Deyaar.

“I would like to congratulate him on his new appointment and wish him every success in this exciting and challenging role.