IslamicFinance.de

Abu Dhabi-based Mubadala Development Company (Mubadala) has appointed H.E Dr. Sultan Ahmed Al Jaber as chairman of the board of Masdar, Abu Dhabi’s renewable energy company, and Dr. Ahmad Belhoul will be CEO of the company. Dr. Al Jaber will be succeeding H.E Ahmad Al Sayegh, Masdar’s former chairman. He will continue to serve as UAE minister of state within the federal cabinet of the UAE. In addition, he serves as the UAE Special Envoy for Energy and Climate Change. Dr. Belhoul joins Masdar from Dubai’s Department of Tourism and Commerce Marketing, where worked as CEO of Strategy. Since its 2006 launch, Masdar has delivered a portfolio of projects and initiatives, including the launch of large-scale renewable energy projects and the development of Masdar City.