Shuaa Capital appoints Walid El-Hindi as CEO of real estate division
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Shuaa Capital appoints Walid El-Hindi as CEO of real estate division

Shuaa Capital appoints Walid El-Hindi as CEO of real estate division

Shuaa’s real estate investment portfolio is reported to be worth over $11bn

Walid El-Hindi Shuaa Capital

UAE-based investment banking platform Shuaa Capital has appointed Walid El-Hindi as the CEO of its real estate division.

Shuaa’s real estate investments amount to over $11bn in Assets Under Management, development and asset management through Northacre and Astrea in the UK, Terra Real Estate Investments in the UAE and Shuaa Capital Saudi Arabia.

Walid will be responsible for managing the entire real estate portfolio across all geographies.

In a statement Shuaa said that in 2020, the real estate business achieved a number of key milestones in London, including the topping out of Northacre’s landmark redevelopment of The Broadway and will begin handing over apartments at its No. 1 Palace Street development in the coming months.

Walid, who began his career as an architect in the US, has been involved in the real estate sector for over 25 years. Previously, he spent five years as CEO at Imkan Properties. During this time, he was responsible for building a portfolio of developments now valued at over Dhs100bn and comprising 26 projects across six countries.

Walid was also a board member and managing director of Imkan Misr, a board member of Imkan Maroc, as well as a board member of HHRM, an international hotel management company.

Walid has also previously worked as chief development officer for Emaar Misr and managed an international portfolio of developments with a value of more than $12bn.

“We have built SHUAA’s real estate platform into one of the leading real estate investors and managers in the region, with a multi-billion dollar portfolio of projects and assets. We remain excited about the growth potential of our real estate offering and Walid’s international experience in this space will greatly enhance our efforts to further strengthen our presence across geographies,” said Jassim Alseddiqi, group CEO of Shuaa Capital.

Shuaa recently announced its FY2020 results, in which the group reported a 168 per cent increase in net profit to Dhs125m and EBITDA of Dhs349m, up 89 per cent year-on-year.

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