50% salary cuts in Nakheel Real Estate
50% salary cuts in Nakheel Real Estate

Nakheel Real Estate has confirmed that the CEO of the company, Sinjay Mishnandeh, has resigned from his position on the first of last March, according to his request, and that he will be replaced in due course.

Nakheel confirmed what was recently published about the company's reduction of salaries by up to 50%, due to the repercussions of the spread of the Corona virus, that the company's business, like all businesses around the world, is still affected by this unprecedented situation due to the outbreak of the Corona virus Therefore, it had to put in place precautionary measures to ensure the sustainability of the company's business without any impact.

 The company pointed out that the modified salary structure, which came into effect on the first of April and differs according to the job grade, was implemented in order to rationalize spending so that we can overcome this crisis, protect our employees and ensure the continuity of our business.


The company added in its response: "We are very grateful to our employees for their dedication, commitment and understanding during this difficult stage that we can - and we will overcome."