Mohammed Al Mubarak appointed new Aldar CEO

Former deputy CEO set to take over following months of searching

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Following a year-long search for the ideal candidate, Abu Dhabi-based Aldar Properties PJSC has appointed Mohammed Khalifa Al Mubarak as the company’s chief executive officer (CEO).

Al Mubarak, who was previously the deputy CEO and chief portfolio management officer at Aldar, has been associated with the company since 2006 and also worked on the company’s notable Yas Island project. He is the chairman of Farah Leisure, which is the operator-company behind Ferrari World Abu Dhabi and Yas Waterworld; a board member of the Abu Dhabi Tourism and Culture Authority; and chairman of Aldar Academies.

“We are proud that our top internal candidate has proven to be the best person for the role,” said H.E. Abubaker Seddiq Al Khoori, chairman of Aldar. “There is no better person to lead Aldar through the next phase of development than Mohammed Al Mubarak. He is a proven leader, effective role model and a leading authority in Abu Dhabi on real estate, leisure and tourism.”

On the eve of Cityscape Abu Dhabi 2014, Al Khoori had said it was likely the CEO would be chosen from within Aldar’s top ranks. “Aldar officials and board members, including myself, have actively been on the search for the company’s next CEO,” he said at the time. “Over the last six months, we have rigorously scanned numerous candidates to potentially take over the position.

“Our top management comprises of excellent representatives, and I am hoping we may be in a position to make an announcement about the CEO in the next three months,” Al Khoori had said.

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