Aldar Properties announces the resignation of Greg Fewer, Group Chief Financial Officer and Sustainability Officer, and assigns Faisal Falaknaz the duties of Chief Financial Officer and Sustainability Officer in addition to his work.

Abu Dhabi, UAE: Aldar Properties PJSC (“Aldar”) today announced that Greg Fewer has resigned from his position as Group Chief Financial Officer and Sustainability Officer in pursuit of another opportunity in the UAE.

Greg Fewer joined Aldar Properties in 2011 in the position of Chief Financial Officer and will continue to work closely with the Board and the Executive Management Team until the end of February 2023 to ensure continued operational excellence for the company and a smooth transition of his company . duties to new leadership.

Faisal Falaknaz has been assigned the duties of Group Chief Financial Officer and Sustainability Officer, in addition to his current position as Chief Financial Officer of Aldar Investments. Faisal has extensive experience in the fields of finance and property, and he has gained extensive knowledge of Aldar affairs through his position as Finance Director of Aldar Investment Company, in addition to his membership in many boards and committees associated with Aldar Properties. Prior to joining Aldar Group, Faisal held the position of Vice President of Global Real Estate Investments at Mubadala Investment Company, and before that he held a leadership position in finance at Emaar Properties.

Talal Al Dhiyebi, CEO of Aldar Properties Group, said: “On behalf of all members of the Aldar Properties team, I would like to thank Greg for his valuable contributions during his tenure as Chief Financial Officer and Sustainability Officer, during which the group testified. important milestones of growth and strategic transformation. Greg played a role that was critical to the success of Aldar’s financial management and sustainability strategy, enabling the company to develop its sector-level capabilities in the UAE and the region to consolidating its leading. position in the management and development of real estate in the country over the past decade. The appointment of Faisal Falaknaz as Chief Financial Officer and Sustainability Officer has proven to be a tangible success of the company’s efforts to support the development of Emirati competencies, and this step will ensure the continuity of our efforts to implement the growth strategy implemented by the house pursued, to implement.”

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For more information, please call the following numbers:

Media communication:

Obaid Al Yamahi

Aldar Property Company

+971 2 810 5555

Judy Issa

Brunswick Golf

+971 4 560 9638

About Aldar Company

Aldar is a leading property development and management company in the UAE, with a diversified and sustainable operating model supported by two core businesses, Aldar Development and Aldar Investments.

Aldar Development Company continues its leading role in developing integrated communities that enrich the lives of residents across the most sought-after destinations in the Emirate of Abu Dhabi, including Yas Island, Saadiyat Island, Al Raha Beach and Al Reem- island. It also owns a land portfolio of 69 million square metres, comprising three business units: Aldar Projects, the project execution arm responsible for running the fee-based project management business unit; Al Dar Al Riyada, which seizes new business opportunities and develops areas of innovation; and “Aldar Misr”, a platform that focuses on the promising and profitable Egyptian real estate market, as a major market for the development of integrated mixed-use communities.

Aldar Investments is the asset management unit of the Aldar Group, which includes a portfolio of 30 billion dirhams of real estate assets generating recurring income in the retail, residential, commercial, hotel and logistics assets. Aldar Logistics Assets owns a 70% interest in the Abu Dhabi Business Forum complex, which owns a complex of warehouses, offices and industrial facilities strategically located in the Industrial City of Abu Dhabi (ICAD), with a net leasable area of ​​approximately 166,000 square meters. Aldar Investments also manages the three main platforms: Aldar Education, Aldar Properties and Aldar Hospitality and Entertainment.

The “Al Dar Education” platform includes a portfolio of educational assets that include approximately 33,000 students in 28 schools operated and managed by “Al Dar Education”, in addition to a growing network of 3,000 teachers serving more than 100 nationalities belong, and it accepts a wide range of educational curricula and additional services Like a teacher training academy.

While “Aldar Properties” integrates commercial and residential property operations within the portfolio of “Provis”, which specializes in property management, and also includes community management through an integrated property management platform. The Aldar Hospitality and Leisure Company is responsible for overseeing the hotel and leisure asset portfolio of Aldar, which is primarily located on Yas Island and Saadiyat Island, in addition to Ras Al Khaimah. Aldar’s hotel portfolio includes 13 hotels, with a total of 4,250 hotel rooms, in addition to managing operations across golf courses, beach clubs and marinas.

Aldar shares are listed on the Abu Dhabi Securities Exchange (trading code ALDAR: UH). The company’s business achieves stable recurring profits and revenues, and it has a broad and diversified shareholder base. Aldar accepts the best standards of corporate governance, and is committed to managing sustainable operations in the long term, in order to achieve continuous added value for its shareholders.

Aldar adopts an ambitious vision as it aims to be the most trusted developer and property manager in the region, playing a pivotal role in the development of high-quality and convenient destinations that meet the needs of community members and across the necessary ingredients and abilities available for work, living and entertainment.

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