Al Fahim's continued presence on the Board of Hydra is starting to give cause for concern. Following his much-publicised 'promotion' to the Board, new CEO Ali bin Sulayem has been tasked with sorting out the mess by the owners Royalgroup. Royalgroup are owned by the UAE Royal Family and their support and patronage is the key to business sucess in UAE.
The new CEO has wasted little time advising Royalgroup's owners of the cause of the problems with the finger of blame being firmly pointed at Al Fahim.
Al Fahim continues to be an embarrassment to Hydra who need to move on and placate angry investors. With Hydra investors now about to take Hydra to court over the debacle, Royalgroup are highly embarrassed. It has been suggested that Royalgroup may discharge Al Fahim and apply much of the blame to him.
If this happens then Al Fahim's business opportunities in UAE will be severely limited.
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