Sun 26 Sep 2010 07:52 AM
Hesham Al Sahtari
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Hesham Al Sahtari

Industry: Real Estate

Country: Qatar

$64,460

Ezdan Real Estate

Qatar

Ezdan is Qatar's largest real estate developer by market value, but MD Hesham Al Sahtari has a fight on his hands if he is to reverse a calamitous first half, in which the company saw profits slump 42 percent, raking in a less-than-stellar $32.23m against $55.9m in the year-earlier period. His response? Al Sahtari has said the developer has completed 10,000 units in Qatar, but is looking to complete up to 20,000 more units, worth around $5.49bn, over the next three years. Time will tell whether that ambitious gameplan will succeed in turning the ship around; each one of Ezdan's 500 employees will certainly hope their CEO is on the money.