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Cayan Group announces major company restructuring

Cayan has over $800m (SAR3bn) of real estate projects delivered over the past decade and another $800m (SAR3bn) worth of projects in the process of being developed

Cayan has over $800m (SAR3bn) of real estate projects delivered over the past decade.
Cayan has over $800m (SAR3bn) of real estate projects delivered over the past decade.

Cayan Group announced a major company restructuring, together streamlining itself as the base for five new subsidiaries.

The new subsidiaries, Cayan Development, Cayan Homes, Cayan Community Management, Cayan Hospitality and Cayan Assets, will engage and retain the brand’s target customers.

Commenting on the restructure, Ahmed Alhatti, president and chairman of Cayan Group, said: “At Cayan Group, we dedicate ourselves to a timely delivery of quality projects to our valued customers and it is this approach that has helped us operate successfully within the UAE, Kingdom of Saudi Arabia, and Lebanon for the past decade. A lot of thought has gone into this restructuring with which we intend to create an even more effectual and concentrated portfolio of companies that resolutely cater to their respective services."

He added, "Last but not the least, our real asset is our team without whose unwavering support, ambition and devotion,Cayan Group would not have scaled the heights that it has attained.”

With over $800m (SAR3bn) of real estate projects delivered over the past decade and another $800m (SAR3bn) worth of projects in the process of being developed, Cayan Group’s ambitions are most certainly well on their way towards realisation.

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Construction Week - Issue 754
Nov 23, 2019