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Nakheel history
Nakheel company history timeline
The company was involved with a sukuk, which raised legal issues in 2009.
In 2010, Sultan Ahmed bin Sulayem was replaced as chairman.
On July 6, 2011, Dubai World’s board of directors announced that Nakheel's legal ownership would be transferred to the Government of Dubai upon completion of the company's financial restructuring.
In 2012, it was the subject of a study on corporate governance along with Tamweel Properties & Investments.
In 2013, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, approved US$898 million of funding for the company and ordered work to start on two major projects on the Palm Jumeirah.
In 2017, Nakheel delivered 28 units, all of them are located in Al Barsha South Fourth in Dubai.
Also in 2017, Nakheel awarded a US$410 million contract for the Palm Gateway to the company Shapoorji Pallonji Mideast to construct a three-tower residential, retail, and beach club complex.
Later in the same year, Naaman Atallah was appointed as the company's chief executive officer (CEO). In May 2020 it was reported some employee's salaries were cut between 30 and 50% for senior staff due to the COVID-19 pandemic.
In early 2020, Mohammed Ibrahim Al Shaibani took over as chairman from Ali Rashid Lootah.
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Zippia gives an in-depth look into the details of Nakheel, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Nakheel. The employee data is based on information from people who have self-reported their past or current employments at Nakheel. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Nakheel. The data presented on this page does not represent the view of Nakheel and its employees or that of Zippia.
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