Aldar announces the resignation of Group Chief Financial and Sustainability Officer, Greg Fewer, and the appointment of Faisal Falaknaz as Acting Group CFSO

Aldar Properties PJSC (Aldar) today announced that Greg Fewer has resigned from his position as Aldar’s Group Chief Financial and Sustainability Officer to pursue another opportunity in the UAE.

Greg Fewer, who joined Aldar as Chief Financial Officer in 2011, will continue to work closely with the Board of Directors and the executive management team until the end of February 2023, to ensure continued operational excellence and a smooth leadership transition.

Faisal Falaknaz will become Acting Group Chief Financial and Sustainability Officer in addition to his current role as Chief Financial Officer of Aldar Investment. Faisal brings considerable expertise to the role, with extensive experience in finance and real estate. He has a wealth of institutional knowledge through his role as CFO of Aldar Investment as well as holding numerous Aldar-related board seats and committee memberships. Prior to joining Aldar, Faisal was Vice President of Global Real Estate Investments at Mubadala Investment Company and prior to that held a senior finance leadership role at Emaar Properties.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said: “On behalf of everyone at Aldar, I would like to thank Greg for his valuable contribution during his tenure as CFSO, a time during which the company has undergone significant growth and transformation. Greg has played a key role in the financial and sustainability stewardship of Aldar, enabling the Company to grow its industry-leading capabilities across the UAE and regionally, which has seen us become the leading real estate developer and manager in the UAE over the last decade. The appointment of Faisal Falaknaz as Acting CFSO, reflects the company’s success in nurturing UAE national talent and ensures we remain well-positioned to continue executing Aldar’s growth strategy.