IMKAN CEO Walid El Hindi to step down after five year reign
Walid El Hindi is set to “pursue his own interests” after five years leading the Abu Dhabi-based developer
The CEO of Abu Dhabi-based property developer IMKAN, Walid El Hindi, is set to step down from his role after five years at the helm.
El Hindi revealed that his departure is based on “pursuing his own interests” and will remain as CEO of IMKAN until a successor is announced.
During his tenure at IMKAN, El Hindi was a major part of the company’s growth, helping to set up offices in Abu Dhabi, Egypt and Morocco, as well as launching six master planned communities with 11 projects completed or currently under construction.
El Hindi was also responsible for IMKAN’s 300% year-on-year increase in sales across its collection of projects last year.
As well as his duties with IMKAN, he held the position of board member and managing director of IMKAN Misr, board member of HHRM, an international hotel management company as well as being on the executive committee for IMKAN Moroc.
El Hindi was also recognised for his achievements through Construction Week’s annual Power 100 list for 2020; coming in at a respectable 59th place despite being a new entry.
Commenting on his departure, Fadel Al Ali, board member of both Abu Dhabi Capital Group, and IMKAN said: “I would like to thank Walid El Hindi for establishing and growing IMKAN from a vision to one of the leading developers in the region and for presiding over a phase of significant growth for the business.”
IMKAN revealed that they are set to announce El-Hindi’s successor “shortly”.