Abu Dhabi Capital Group (ADCG) today announced the planned departure of IMKAN Properties CEO and confirmed that Walid El Hindi has decided to step down from his role to pursue his interests, after five years leading the Abu Dhabi-based property development company.

Fadel Al Ali, Board Member of both Abu Dhabi Capital Group, and IMKAN, said: I would like to appreciate Walid El Hindi for instituting 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.

Under his leadership, IMKAN has grown to have offices in Abu Dhabi, Egypt, and Morocco and has triumphantly launched six master-planned communities with 11 projects completed or currently under construction.

Amongst his most significant accomplishments, IMKAN saw a 300 percent year-on-year increase in sales across its collection of projects last year.

His dedication and vision have put IMKAN in a secure place to move forward to the next phase of its success story, and I would like to wish Walid the very best for the future.

In addition to his role as CEO of IMKAN Properties, Walid 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.

A new CEO for IMKAN Properties will be declared shortly. In line with his dedication to the organization, Walid will be staying on to ensure a smooth and seamless transition.

IMKAN Properties has a portfolio of 30 million sqm of land, which spans 26 projects across six countries and is valued at over AED 100 billion.

The brand has placed itself as a world-class place-maker using its unique research-based strategy for property development.

The first Abu Dhabi community, Nudra on Saadiyat Island, is near handover.

Substantial progress has been made across other capital-based projects; Makers District, AlJurf, and Sheikha Fatima Park and over 250 units of our Alburouj project in Egypt have recently been handed over.