Color Star adds UAE royal to its board: Nasdaq-listed entertainment technology company Color Star appointed His Highness Sheikh Humaid Abdulla Rashed Ahmed Almualla, a member of the UAE royal family, as an independent director on its board, according to a press release. Almualla is a key figure in the ruling family of Umm Al Quwain and a nephew of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
The company expects Al Mualla’s addition to the board to open doors for investments and partnerships, particularly in AI-driven entertainment projects.