Former Damac MD joins Saudi developer
Dar Al Arkan Real Estate appoints Ziad El Chaar as CEO
Former Damac Properties managing director Ziad El Chaar has been appointed as chief executive of the Riyadh-listed Dar Al Arkan Real Estate Development Company.
The Saudi developer made the announcement in a statement to the Tadawul, the local stock exchange.
El Chaar started in the role on June 1, the statement said.
The executive “has worked on a wide variety of projects in the Middle East from residential complexes to commercial, hospitality and retail complexes along with multi-uses projects.”
It emerged in May that El Chaar had resigned from his position as managing director and executive board member of the Dubai-listed Damac Properties.
El Chaar is a veteran of the property development company, having first joined Damac in 2005 as vice-president of international sales. He then became international general manager in 2006, followed by general manager of operations in 2009.
