The Board of Directors of Eshraq Properties PJSC (ADX: ESHRAQ) has approved the appointment of Jassim Alseddiqi as the new Chairman of the company with the required of leading the business to a brand-new era of growth and expansion.

An expert in financial structuring, luxury real estate development, capital markets, portfolio management and real estate private equity, Alseddiqi will focus on energising the companys operations to be a leading provider of premium real estate in the UAE and in creating long-term value for its stakeholders. .

Meaning sunrise in Arabic, Eshraq has a strong portfolio of premium residential, commercial and touristic property developments in the UAE, and is committed to its vision of becoming one of the significant property designers of city projects.

Jassim Alseddiqi said: "I am appreciative to the Board of Directors for delegating me this interesting opportunity to lead Eshraq Properties, a company with strong basics, to a new era of development and long-lasting value development for all stakeholders. The UAE's favorable growth, led by its visionary leadership, provides a strong platform to drive the diversified operations of Eshraq. Our new development technique is focused on creating prime realty possessions in Abu Dhabi and Dubai, checking out opportunities for more growth in the country and across the globe."

Alseddiqi stated that the capacity for Eshraq in redefining the home and hospitality sector is remarkable. "We will evaluate new financial investment chances and strategic partnerships that will build our portfolio and footprint. On the monetary side, we are dedicated to enhancing resource usage, and to attain long-term profitability for our stakeholders."

The Managing Director & Chief Executive Officer of Abu Dhabi Financial Group, Alseddiqi has been serving as a Board Member of Eshraq Properties. He is the Chairman of Reem Finance, Integrated Securities, and Integrated Capital PJSC. He serves on the Board of FGB, GFH Financial Group, TDIC and Abu Dhabi Capital Group.

Alseddiqi holds an MS in Electrical & Computer Engineering from Cornell University and a BSC in Electrical Engineering from the University of Wisconsin-Madison. He has won several industry recognition including for Best Private Equity Fund from The Banker Middle East and for Outstanding Performance and Innovation from MENA Fund Manager, among others.