IMKAN ANNOUNCES PLANNED DEPARTURE OF CEO

Smooth transition planned as El Hindi steps down after five years at the helm

IMKAN ANNOUNCES PLANNED DEPARTURE OF CEO

Abu Dhabi: Abu Dhabi Capital Group (ADCG) today announced the planned departure of IMKAN Properties CEO and confirmed that Walid El Hindi has decided to step down from his role to pursue his own interests, after five years leading the Abu Dhabi-based property development company.

Fadel Al Ali, Board Member of both Abu Dhabi Capital Group, and IMKAN said: “I would like to thank Walid El Hindi for establishing and growing IMKAN from a vision to one of the leading developers in the region and for presiding over a phase of significant growth for the business. Under his leadership, IMKAN has grown to have offices in Abu Dhabi, Egypt and Morocco and has successfully launched 6 master planned communities with 11 projects completed or currently under construction. Amongst his most significant achievements, IMKAN saw a 300 per cent year-on-year increase in sales across its collection of projects last year. His commitment and vision have put IMKAN in a strong position to move forward to the next phase of its success story and I would like to wish Walid the very best for the future.”

In addition to his role as CEO of IMKAN Properties, Walid held the position of board member and Managing Director of IMKAN Misr, board member of HHRM, an international hotel management company as well as being on the executive committee for IMKAN Moroc.

A new CEO for IMKAN Properties will be announced shortly. In line with his dedication to the organization Walid will be staying on to ensure a smooth and seamless transition.

IMKAN Properties has a portfolio of 30 million sqm of land, which spans 26 projects across 6 countries and is valued at over AED 100 billion. The brand has positioned itself as a world class place-maker using its unique research-based approach to property development. The first Abu Dhabi community, Nudra on Saadiyat Island, is near handover, substantial progress has been made across other Capital-based projects; Makers District, AlJurf and Sheikha Fatima Park and over 250 units of our Alburouj project in Egypt have recently been handed over.