UAE-based Shuaa Capital has appointed Walid El-Hindi as the chief executive of its real estate arm.
In the newly-created position, El-Hindi will be responsible for managing the group’s property portfolio and growing its real estate platform.
Shuaa currently has US$11 billion of real estate assets under management (AUM) through partnership with UK developers Northacre and Astrea, Terra Real Estate Investments in the UAE and its real estate investment trust (Reit) Shuaa Capital Saudi Arabia.
El-Hindi was previously chief executive at UAE-based real estate developer, Imkan Properties, and prior to that he was chief development officer at UAE-based property firm, Emaar Misr.
The appointment follows the publication of Shuaa’s results for the 2020 financial year which revealed a 168% increase in net profit to AED125 million ($34 million).
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