His Highness Sheikh Maktoum bin Hasher Al Maktoum appointed as Chairman of Al Nasr Sports Club

* Reuters is not responsible for the content in this press release.

Wed Apr 15, 2009 5:25am EDT

DUBAI--(Business Wire)--
His Highness Sheikh Maktoum bin Hasher Al Maktoum has been appointed as chairman
of Al Nasr Sports Club under a resolution by Sheikh Hamdan bin Rashid Al
Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, in his capacity as
President of the club. The resolution has also set a new 11-member board to run
the club`s affairs with immediate effect. 

Upon the acceptance of his appointment Sheikh Maktoum was quoted as saying, "I
would like to thank the Deputy Ruler of Dubai and UAE Minister of Finance, His
Highness Sheikh Hamdan bin Rashid Al Maktoum, for bestowing his trust in me. I
am truly honoured to have been considered for such a prestigious appointment. I
look forward to fulfilling the role of Chairman of Al Nasr Club swiftly and
effectively. The Al Nasr Sports Club is an icon of our sports heritage and is
one of the oldest football clubs in the UAE. I am proud of its history and I am
even prouder to be a part of its future." 

His Highness Sheikh Maktoum`s first order of business under his new appointment
is to conduct an analysis of the club`s financial and management aspects with
the goal to restructure the club and re-gear it for what lies ahead. The highly
successful restructuring of Al Fajer Properties (AFP), which led to an
impressive turnaround in record time to becoming one of the strongest and most
successful property developers in Dubai today, is testament to His Highness
Sheikh Maktoum`s financial and management expertise. 

Sheikh Maktoum currently serves as President of Al Fajer Properties (AFP) and
also serves in the role as CEO of the Al Fajer Group (AGF), a multi-billion
dollar conglomerate of which AFP is a member company. He is also founder of the
A1 Grand Prix granting him massive experience in the sports industry. 

Sheikh Maktoum received his first international award when he was selected as
"Young Global Leader 2007" by the World Economic Forum. In March 2008, he was
awarded the prestigious Young CEO of the Year award by the former French prime
minister Dominique de Villepinn. Sheikh Maktoum received a BS/BA in finance from
Suffolk University in Boston. His educational and business background, coupled
with his experience in international sport makes him the perfect pedigree to
take the football club to the next level and beyond. 

Notes to the editor:

Al Fajer Properties:

Al Fajer Properties LLC, was established in November 2004 as a wholly owned
subsidiary of AFG.Since then the company has built up a significant land bank of
note.The company is currently in the process of developing its flagship project
which consists of 5 commercial towers located in the Jumeirah Lake Towers
Community. With an estimated project value of over AED 3 billion the company has
positioned itself to become a leading player in the fastest growing real estate
market in the world.

Al Fajer Group

Al Fajer Group was established in 1965, by its Group President His Highness
Sheikh Hasher Bin Maktoum Al Maktoum. Since his appointment of CEO of the group
in 1998 the company has rapidly grown to a diversified business entity
delivering high quality service to a wide range of international clients. With
more than 18,000 employees and an annual group turnover of AED 5.8 billion,the
Group's business interests to date have now placed it as a market leader with
the following nationally recognizable companies incorporated under its umbrella;
Al Ahmadiah Contracting & Trading,a leading national contracting firm with over
35 years of widespread construction experience; Al Ahmadiah Aktor LLC identified
as one of the few established professional construction companies reputed for
its reliable expertise in intricate designs and exacting quality standards;Al
Fajer Security & Maintenance, a leading specialist in providing a wide range of
multi-property services; Lunar Electro, a national Electro Mechanical
Contracting firm; Al Fajer Establishment, a general trading company with over 3
decades of expertise representing world renowned and leading brand of products
supplying to the construction and printing industry; Balmer Lawrie & Co. Ltd, a
well established company in India which has become a pioneer in container
manufacturing in the Middle East specializing in mild steel barrels and drums;
Al Fajer Information & Services, with over 2 decades of experience in providing
a complete range of organization and management services through its five
divisions which include Fairs and Exhibitions, Octanorm Displays, Shop Fittings,
Design & Graphics and International Exhibit Builders.Other group members
include: Al Fajer Travel & Tourism; Al Fajer Medical Supplies; Al Fajer
Interiors & Decorations LLC; and Al Fajer Investments & Development.

www.alfajer.com

The Middle East Excellence Awards Institute

The Middle East Excellence Awards Institute was conceived by Datamatix to
recognize and promote leadership and entrepreneurial forays within the region.
It has consistently emphasized the nurturing and development of regional
leadership and talent in different sectors of industry to create a resource base
which can effectively contribute and support Middle East expansion initiatives.
The region has witnessed tremendous economic and social growth in the second
half of the 20th century. This progress has been made possible by the efforts of
many visionaries and leaders. The Institute was established to honor those
individuals and organizations that have driven development in the region. It
recognizes their commitment, courage and capable leadership which have made a
difference to the region's economy and society.

www.meawards.com

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Buchanan Communications
Bobby Morse, +44 (0)20 7466 5000
bobbym@buchanan.uk.com

Copyright Business Wire 2009

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