Aldar hopes to appoint CEO within three months

Chairman Al Khouri continuing to fulfil role on a temporary basis

Aldar Properties chairman Abubaker Seddiq Al Khouri.
Aldar Properties chairman Abubaker Seddiq Al Khouri.

Aldar Properties chairman Abubaker Seddiq Al Khouri has said that the firm hopes to resolve its ongoing search for a CEO "over the next three months".

The firm has been without a CEO since the merger of the Aldar and Sorouh businesses came into effect in June last year.

Although it has since concluded an integration of the two businesses more quickly than anticipated, and increased its target for the annual synergy benefits, it has yet to appoint a new CEO to the buiness.

"We have finalised everything in the integration plan, including the selection of the top management, except for the CEO," he said.

"The CEO we have been searching for for the past six months. I’m very active in that search. We have a team from the board who is responsible."

He added: "We are looking at different candidates. I believe that we will be able to choose one over the next three months. But I want to assure you that we have a very strong management team, strong processes and policies in the company and I am acting as CEO on a daily basis until we find one."

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