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ARRIVALS Former Istithmar Top Gun Appointed to IFA

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Posted: 13 Jan 2010 | 6:00 am

Former head of troubled Dubai World hospitality affiliate Istithmar Joe Sita has been appointed as President of IFA Hotel Investments. The ground is part of IFA Hotels and Resorts which have a market cap of over US$1 billion and are listed on stock bourses in Kuwait and Johannesburg.

IFA Hotels and Resorts have carefully tried to distance themselves from the Dubai World and Nakheel financial crises; and are the controlling shareholders of Thai listed property firm Raimon Land.

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SHANG 54.50 0.00 %

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