Walid El Hindi, CEO of Imkan Properties, UAE has reportedly stepped down from his position to pursue his own interests. El Hindi has led the Abu Dhabi-based property development company for 5 years.
Commenting on the juncture, Fadel Al Ali, board member of both ADCG, and Imkan thanked the outgoing CEO for his services and lauded him for presiding over a “phase of significant growth”.
Under El Hindi’s leadership Imkan grew its presence, entering Egypt and Morocco, and successfully launched six master planned communities with 11 projects completed or currently under construction.
Amongst his most significant achievements, Imkan saw a 300 percent year-on-year increase in sales across its collection of projects last year.
In addition to his role as CEO of Imkan Properties, El Hindi 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. ADCG has confirmed that a new CEO will be announced shortly.