DUBAI, 29 June 2006 — TECOM Investments yesterday announced the appointment of Abdullatif Al-Mulla as the new CEO of the organization. Former CEO Ahmad ibn Byat will assume the role of executive chairman.

The new appointments are in the context of TECOM Investments’ rapid development and diversification as well as the expansion of its global investment portfolio over the past year.

“With his vast corporate experience and proven leadership qualities, Abdullatif Al-Mulla is the ideal person to take the reins of TECOM Investments,” said Byat. “I’m confident that under his strategic guidance, TECOM will become a stronger force for knowledge-industry growth as well as develop into a richer and more vibrant community,” he added.

“It is an honor for me to be the CEO of this visionary organization that is at the forefront of Dubai’s economic diversification,” said Al-Mulla. “I’m very excited about what the future holds for TECOM. The opportunities are immense and I look forward to developing fresh initiatives that will help TECOM meet its vision and objectives. The year ahead will be promising, particularly because many of our newer projects will start welcoming its first business partners.”

Prior to joining TECOM, Al-Mulla spent over nine years at the Microsoft regional headquarters in Dubai where he led the development of subsidiaries in the Gulf, Yemen and Pakistan.