News Column

Qalaa Holdings appointments new member to Board of Directors

July 3, 2014

Philip B. Dundas, Jr. has joined the Board of Directors of Qalaa Holdings (formerly Citadel Capital) as a non-executive member.

Qalaa Holdings Chairman and Founder Ahmed Heikal said, "We are making a considerable investment in governance making sure we have the people and systems we need to not just safeguard shareholder interest, but to ensure our growth is sustainable.

"Philip's appointment to the Board comes just weeks after our appointment of our first full-time head of internal audit. I have no doubt Philip will add considerable value to the Board. I look forward to his ideas and his wise counsel."

Dundas was from 1981 until 2013 Managing Partner of the Abu Dhabi office of Shearman & Sterling LLP, having joined the firm in 1973 in New York. He has previously served as a director of Hyundai Oilbank and STX Metals of Korea as well as Xojet and Fuji Marine. Dundas has received from industry publications wide recognition of his longstanding contributions to business and finance in the Middle East, particularly as it relates to energy and M&A.

He earned his BA from Wesleyan University and his JD from Washington & Lee University.

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Source: CPI Financial

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