Mohammed al-Omar has asked to resign and will retire from the beginning of next month, KFH said in a bourse statement.
Work on the unit, which lasted a month from March 27, was originally due to finish on April 19 but was extended by a week.
Saudi Arabia has now had 323 confirmed cases of MERS, of which 94 have been fatal.
The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31.
This morning sees the second round of diversions in as many months
Bubbles are a natural part of Dubai’s growth cycle, writes the author of ’10 Tips For Leadership In The Middle East’.
In total, 92 people have died of MERS in Saudi Arabia, the ministry said on its website.
Investors subscribed Dhs10 billion ($2.7 billion) to the fixed offer of 275 million shares in Marka , which were priced at Dhs1 each.
FIFA’s investigation was launched last year into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively.
Emirates NBD is Dubai World’s biggest creditor with an exposure of more than Dhs9 billion($2.5 billion), against which it has set aside provisions of five per cent
The Haj ministry said that it is yet to receive directives from health officials about the MERS-coronavirus being an epidemic.
Initially budget airlines will operate at the airport, while other airlines will start services there in May, the airport authority said.
The property development industry is all about providing value to homeowners and investors, says Benoy Kurien, general manager of Al Hamra Real Estate Development.
The lender made a net profit of Dhs1.04 billion ($283.7 million) in the three months to March 31, a statement from the bank said.
The state-owned developer is focusing on developing mid-tier real estate projects in Abu Dhabi.
Etihad has so far refused to negotiate with Italy’s unions, which have sunk negotiations between Alitalia and other bidders in the past.
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
This latest move likely adds to tensions in the tiny Gulf state, where there are clashes with police in many Shi’ite areas almost every day.
Net profit for the opening three months of the year was 432.4 million riyals ($118.8 million) , a company statement said.
Prince Turki al-Faisal said that the Gulf states should be prepared for any possible outcome from Iran’s nuclear talks with world powers.
The bank’s operating profit reached Dhs151.1 million, up 18.8 per cent year-on-year.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The lender made a net profit of Dhs1.33 billion ($362.1 million) in the three months ending March 31.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
Domestic workers surveyed by the group in Qatar reported being slapped, pulled by the hair, poked in their eyes and kicked down the stairs by their employers.
The sources said it was currently unclear if STC was looking to complete a sukuk issue in the local Saudi market.
A health ministry statement said eight of the people were in intensive care, two were stable and one showed no symptoms.
The 10-year loan is the first such facility agreed between ADCB and NIC.
The government’s holding in the operator will drop to 51 per cent following the completion of the second and final part of the share sale.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.