Atallah Steps Down Following Nakheel and Meydan Merger with Dubai Holding

Naaman Atallah, the Group CEO of Nakheel, tendered his resignation on Friday. This decision comes in the wake of Nakheel and Meydan’s integration into Dubai Holding last month.

The merger, directed by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum in March, aims to enhance financial efficiency and global influence. It represents a strategic move to sustain growth and bolster Dubai’s competitiveness on the global stage.

Under the new structure, Nakheel and Meydan will operate under Dubai Holding, led by His Highness Sheikh Ahmed bin Saeed Al Maktoum. The Boards of Directors of both Nakheel and Meydan Company will be dissolved as part of the merger.

Naaman Atallah served as Nakheel CEO since November 2020, spearheading projects such as the Palm Jebel Ali redevelopment and Nakheel Mall. With over 25 years of experience in the Middle East construction industry, Atallah held leadership roles at Dubai Properties, Emaar, Qatari Diar, and India’s Piramal Realty.

His departure marks a significant transition for Nakheel and Meydan as they integrate into Dubai Holding’s ecosystem, paving the way for new leadership and opportunities in the industry.