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April 27, 2015 9:41 PM ET

Industrial Conglomerates

Company Overview of Al Jaber Group LLC

Company Overview

Al Jaber Group LLC, through its subsidiaries, engages in the businesses of construction, leasing, heavy lifting and logistics, industrial, marine transportation, trading, and marine. Its construction business include construction of road networks; earth moving contracting and infrastructure contracting services; providing solutions in the areas of housing, villas, and urban development; engineering, procurement, and construction services; integrated process services, facilities, and equipment to the upstream oil and gas industry; and services for water pipe networks, sewerage pipe networks, pumping stations, scada and automation, and tunneling applications. The company’s leasing services inc...

Petroleum Services AreaPlot 1 & 1A

P.O Box 2175

Abu Dhabi,  

United Arab Emirates

Founded in 1970

Phone:

971 2 5554300

Fax:

971 2 5553370

Key Executives for Al Jaber Group LLC

Interim Chief Executive Officer and Chief Restructuring Officer
Age: 60
Chief Operating Officer
Group Treasury Director
Compensation as of Fiscal Year 2014.

Al Jaber Group LLC Key Developments

Al Jaber Group Suspends San Deeb as a Chief Finance Officer for Pending Disciplinary Action

Al Jaber Group has suspended Sam Deeb as a chief financial officer ahead of disciplinary action. The group, whose main business is construction but also has interests in areas from retail to aviation, sealed a drawn-out debt restructuring agreement last June which is said to have set new terms on around $4.5 billion of obligations.

Al Jaber Group Announces Executive Changes

Al Jaber Group confirmed its chief executive, David Nelson, had left the group. Nelson had left for family reasons and Mike Grant, the company's chief restructuring officer, had assumed the position of interim CEO. Grant joined Al Jaber as restructuring head in November 2011.

Al Jaber Reportedly Abandons Plan To Sell Heavy Lift Business

Al Jaber Group LLC, whiach has recently seen exit of its Chief Executive Officer, David Nelson, may not sell some assets. The company scrapped its plans to sell its heavy lift unit. According to three sources aware of the matter, a sale process for the company's heavy lift business has been abandoned. All three sources said the sale process had been called off by the family because of reluctance to sell, with one of the sources citing low bids for the business by prospective buyers. Barclays was engaged in the middle of 2014 to arrange the sale process. According to the news report, Al Jaber spokesperson said that the group does not comment on market speculation when asked if the sale had been scrapped.

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