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LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Monday Non-Executive Director Akbar Rafiq has stepped down from the property firm with immediate effect.
Rafiq - a non-executive since 2014 - had been appointed to the board as part of the entitlement held by York Capital Management Global Advisors LLC . In mid March, York significantly cut its stake in Globalworth to 8.8% from 15% prior.
"The board would like to thank Rafiq for his enthusiasm and contribution to board discussion and decision-making over the past four and half years, which marked a very active period of impressive growth and development of the company", Globalworth Chair Geoff Miller said.
Shares in Globalworth were 2.3% lower at EUR8.70 on Monday.