Capital Group Properties, Imkan Misr CEO Ahmed Fathallah dies
Fathallah's passing was confirmed by Imkan and Jassim Alseddiqi, board member at the UAE-HQ'd real estate developer
Ahmed Fathallah, chief executive officer of Capital Group Properties and Imkan Misr, has passed away, it was confirmed by CEO of Abu Dhabi Financial Group, Jassim Alseddiqi, who is board member at UAE-headquartered real estate company Imkan.
Alseddiqi and Imkan confirmed the news in separate tweets.
إنا لله وإنا اليه راجعون— IMKAN (@ImkanProperties) August 27, 2019
It is with great sadness that we announce the passing of our IMKAN Misr & CGP CEO, Ahmed Fathallah. This is a deep loss for us and he will be remembered for his tremendous contributions. Our thoughts and prayers are with his family in this difficult time. pic.twitter.com/HnWlhKC7Rl
إنا لله و انا إليه راجعون. خسرنا اليوم في "إمكان" أخ و صديق و زميل، رحمهُ الله و جعل مثواه الجنة. pic.twitter.com/IUCRoMrv3M— Jassim Alseddiqi (@JassimAlseddiqi) August 27, 2019
Fathallah was named CEO of Imkan Misr in a statement by the real estate developer last month, confirming his appointment alongside the firm's purchase of a land plot in Egypt.
Imakn CEO Walid El-Hindi said at the time that Fathallah had been “a significant asset” to the company since its inception, previously working as deputy CEO at the firm.
He added in July: “[Fathallah] has a thorough belief in, and understanding of research-led approach and we look forward to seeing him lead Imkan Misr forward on the path towards shaping vibrant communities.”