Tuesday, June 8, 2010

Damas Engages Abdullah Brothers as Senior Advisors



Here's an interesting bit of news from Business 24/7.

"At a time when Damas is going through a period of transition and pursuing a renewed strategy for its sustainable growth, the involvement of the Abdullah brothers in an advisory capacity provides us [with] significant depth of knowledge and insight," a spokesperson for Damas International Limited (DIL) said.
Presumably they've been engaged to give advice on marketing and design and not on corporate governance or financial matters.

7 comments:

the real nick said...

They could ask Dr. Omar Suleiman to become financial advisor now that he's out of jail.

Laocowboy2 said...

And Bernie Madoff to advise on fund management on a fiduciary basis

Abu 'Arqala said...

All no doubt excellent suggestions.

Anonymous said...

and the fee is $165M?

Abu 'Arqala said...

Anonymous

Brilliant

Worth their weight in gold as the saying goes.

Anonymous said...

Abu 'Arqala ,

happy to contribute. great blog. thanks for all the effort you put into lifting the veil.

Anonymous

Abu 'Arqala said...

Anonymous

As always, thanks for your input. The blog is immeasurably better when readers comment - adding to and subtracting from what is posted here.

Consider adopting a nom de net so your comments will be distinguished from other Anonymous contributors.