DAE Announces Two New Appointments to Board of Directors

| DAE Group

Arabic version

Dubai, U.A.E., 27 September 2021 – Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, today announced the appointment of Mr. Wassim Younan and Mr. Firoz Tarapore to DAE’s Board of Directors, effective October 1, 2021. These appointments will increase DAE’s Board of Directors to 6: 4 non-executive Directors, 1 independent non-executive Director, and 1 executive Director.

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAE’s Board of Directors, commented, “DAE welcomes Wassim and Firoz to the Board of Directors. Their experience complements the Board of Directors’ current skills and experiences and I look forward to working with them; DAE will benefit from the perspectives that they will bring to the Board of Directors.”

Mr. Wassim Younan is scheduled to join HPS Investment Partners as a Partner & Vice Chairman for International. He previously held various roles at Goldman Sachs over a 29-year tenure, most recently as the chief executive officer of Goldman Sachs for the Middle East and North Africa region. With more than 37-years’ experience in the financial services industry, he has worked in six different financial centers across the United States, Europe, and Asia. Mr. Younan holds an MBA from Loyola University of Chicago, and a Bachelor of Arts in Business Administration from the American University of Beirut.

Mr. Firoz Tarapore is the Chief Executive Officer of DAE, and previously served as the Chief Operating Officer and Chief Financial Officer of DAE. Mr. Tarapore is a seasoned finance and operating executive with over 35+ years of experience in managing complex, global businesses. Mr. Tarapore holds an MBA in Finance from The Wharton School, University of Pennsylvania, and a Bachelor of Commerce from the University of Bombay.

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About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.

DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.

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