IslamicFinance.de

Matthew Austin was appointed general manager of Gulf Holding Company (GHC) and its subsidiaries in a move addressed to push forward stalled projects.
Mr Austin will begin the process of reviewing and restructuring the company's operations with the purpose of resuming work on the projects, especially Villamar @ the Harbour. It was restructured to broaden short-term liabilities and bring new funding partners on board.
The project's main contractor Al Hamad signed a memorandum of understanding, presenting it part ownership in the towers.