By Nikhil Pereira
Property developer assures 'smoothe transition' as El Hindi steps down after five years at the helm
Imkan Properties CEO Walid El Hindi has stepped down from his role to pursue his own interests, Abu Dhabi Capital Group (ADCG) has announced.
El Hindi has been at the helm of the Abu Dhabi-based property development company for five years.
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.