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27-Jan-2016

DP World CEO retires with immediate effect

DP World (DPW.DI) CEO Mohammed Sharaf has retired from his position at the company, effective immediately (as of 27 January 2016), according to a statement on the Nasdaq Dubai bourse. Sharaf has been serving as the company’s CEO for 11 years and has worked for the company for 23 years. On an interim basis, DP world’s chairman, Sultan bin Sulayem, will carry out the CEO duties, the statement added. (Reuters)   DP World (DU): AED17.20 as of 26 January 2016, Rating: Buy, FV: AED25.50 per share, MCap: USD14,276 million, DPW DU / DPW.DI

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