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Omniyat appoints new chief financial officer

Dubai-based developer Omniyat has announced the appointment of Ali Tabbal as its new chief financial officer

Ali Tabbal.
Ali Tabbal.

Dubai-based developer Omniyat has announced the appointment of Ali Tabbal as its new chief financial officer.

Tabbal joins Omniyat from Kerzner International where he served as chief operating officer for the hotel operator, overseeing the company’s global operations.

In his new role as CFO of Omniyat, Tabbal will oversee all financial management across the developer’s numerous high-end projects including The Opus, One Palm, Langham Place, and The Pad.

READ: Omniyat to award $544m worth of contracts by Q4 2018

 

In a statement, Tabbal said: “After five years in the hospitality industry and with one of the most awarded hotel operators in the world, I’m looking forward to utilising my experience in luxury real estate and the incredible projects under Omniyat’s banner.

“Dubai’s property market is always interesting and I’m excited to work in the sector for the foremost name in unique, luxury developments.”

Prior to Kerzner, Tabbal held the role of deputy chief financial officer at Kingdom Holding after previously working for Dubai Holding for more than 10 years.

Mark Phoenix, managing director at Omniyat, said: “As the company moves into its next stage of growth and with several big name projects coming to the fore, it’s vital for Omniyat that we have the best people in our senior positions.

“Ali comes to us with great experience at a global company and will be a vital part of Omniyat’s development.”

Omniyat is preparing to handover The Opus this month and is preparing to break ground on its latest project, Langham Place, soon.

The developer is expecting to make a major partnership announcement before the end of the year. 

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Construction Week - Issue 746
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