DAE Announces Resignation of Joramco Chief Executive Officer

Dubai Aerospace Enterprise (DAE) Ltd. announced today that Mr. Osama Fattaleh, Chief Executive Officer of Joramco has submitted his resignation to pursue his interests outside the industry. His permanent replacement will be announced in due course. Mr. Amjad Korshlow, Chief Financial Officer of Joramco will serve as Acting Chief Executive Officer till a permanent replacement is named.

Joramco Chairman and DAE Managing Director Khalifa H. AlDaboos said: “Mr Fattaleh played a key role in stabilizing Joramco’s performance during his tenure at the company. We wish him well in his future endeavors. In the meantime, Joramco is well served by a deep management team that is fully committed to providing world-class products and services to our clients. We look forward to the next chapter of Joramco’s growth under new leadership from within the industry,”.