Sorouh Real Estate Appoints New CFO

Sorouh Real Estate, the Abu Dhabi-based real estate developer, on Tuesday announced that Richard Amos has been appointed Chief Financial Officer. Amos takes over starting August 15. He has more than 25 years experience in banking and finance. He was general manager at National Bank of Abu Dhabi. An Associate of the Chartered Institute of Bankers, Amos started his career at Barclays PLC culminating as CEO of Barclays Private Bank. He then went on to work for Credit Suisse First Boston as Managing Director of Private Banking based in London. Mounir D. Haidar, CEO of Sorouh, said: "This is an important appointment as we navigate the business through the current cycle. Richard's considerable expertise in finance, banking and most recently property development.

Coupled with his in-depth understanding of Abu Dhabi, makes him uniquely placed to strengthen our relationship with the investment community and help position the company as markets recover." Amos said he looked forward to joining Sorouch, which he said has "an excellent portfolio of developments and has lead the way in developing impressive initiatives to support its customer and sub-developers." "Importantly it has a good financial track record, with a strong balance sheet and a prudent approach to cost management. I admire the company's progressive approach to communications with the financial community and its approach to corporate governance," he said.