Management team

DAMAC Properties’ highly experienced management team of directors and senior managers has significant experience in the real estate and construction industry.

Mr Hussain Sajwani

CHAIRMAN

Hussain Sajwani, a UAE national, is the founder and Chairman of global property development company DAMAC Properties.

Hussain Sajwani, a UAE national, is the founder and Chairman of global property development company DAMAC Properties.

A graduate from the University of Washington, he started his career as a Contracts Manager in GASCO, a subsidiary of ADNOC (Abu Dhabi National Oil Company). After a short period, he established his own business and in 1982 started his own catering venture.

From modest beginnings, the catering division has grown from strength to strength and today is a market leader managing more than 200 projects and serving over 150,000 meals daily in a number of markets including the Middle East, Africa and the CIS. In addition to servicing construction campsites, army camps, educational institution, 5-star hotels and onshore/offshore locations, the division specialises in providing ancillary services like camp managements, maintenance and manpower supply.

Sajwani was also one of the pioneers of the property market expansion in Dubai. In the mid-90’s, he built several hotels to accommodate the growing influx of people coming to the emirate to do business and trade. In 2002, he identified the market opportunity and established DAMAC Properties, which was grown to be the one of the largest property development company in the Middle East.

Sajwani’s know-how and expertise in the field of property development from marketing, sales, legal, finance, and administration is one of the key drivers of the company’s success and today has several prestigious projects in key global cities like Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London.

DAMAC Properties, which employs nearly 2000 employees, is a publicly-listed company with shares traded on the Dubai Financial Market. The company has one of the best track records in the luxury property development market and to date have delivered over 16,800 homes with a development portfolio of over 44,000 units at various stages of progress and planning.

As a leading brand in the market, DAMAC Properties has joined forces with some of the most recognisable fashion and lifestyle brands to bring new and exciting living concepts to the market. Projects include a Tiger Woods designed golf course which will be managed by The Trump Organization, luxury apartments with interiors by Italian fashion-houses Versace and Fendi, luxury villas styled by Bugatti, and uniquely conceptualised Paramount Hotels & Resorts to deliver serviced living at its most opulent.

In October 2011, DAMAC Properties launched its hospitality division ‘DAMAC Maison’ which will provide bespoke services to residents in more than 15,000 serviced hotel rooms and hotel apartments. This will position the company as one of the largest Hotel Apartment operators and developers in the region.

The extraordinary growth of DAMAC can be attributed to the vision and entrepreneurial skills of Sajwani. Listed among the 100 most globally influential Arabs, he has proven capability to transfer business vision into corporate reality and to provide leadership that is necessary to maintain continuity and growth.

As an astute businessman and investor, Sajwani also has a proven track record of successful forays in the global equity and capital markets. He currently holds investment portfolios of securities in a number of regional and global markets.

DICO Investments Co LLC is his flagship investment company. This company focuses on investments in private equities, mergers, and acquisitions and holds majority and minority holdings in publically traded companies and is always looking for value propositions in the global and regional investment sphere.

Other areas of business interests for Sajwani are in the world of trading such as Al Amana Building Materials, based in Oman that represents world-famous names like Villeroy & Boch, Grohe and Dorn Bracht, to name a few. Another business interest in this field in his portfolio is Al Anwar Ceramic Tiles Co. the first and one of only two tile manufacturer in the nation.

Another key investment initiative for Sajwani regionally is Al Jazeira Services, listed on the Muscat Securities Market with a capitalisation of over US$ 110 million. The company was listed in 1997 and since then has produced impressive results in changing market conditions.

Sajwani has also served as member of several boards including the Majan University College in Muscat Oman, JUNO Online in New York and Emirates Takaful Company in Abu Dhabi.

Sajwani lives in Dubai with his wife and four children.

For more information please visit www.hussainsajwani.com

Mr Ziad El Chaar

MANAGING DIRECTOR

Mr El Chaar graduated with a Bachelor of Science in Biology in 1990 and received a Master of Business Administration in 1998 from the American University of Beirut.

Mr El Chaar graduated with a Bachelor of Science in Biology in 1990 and received a Master of Business Administration in 1998 from the American University of Beirut.

From 1993 to 2005, Mr El Chaar worked for Fattal Holding, which is the largest distribution and representation company in the Levant (Lebanon, Syria, Jordan and Iraq). From 1997 to 2001, he was General Manager in Syria for the same company, during which time he turned the sales and distribution parts of the business in Syria from loss making to profit generating within three years. From 2001 to 2005, Mr El Chaar was Group Executive Director of Fattal Holding and remained on the board of that company until 2008.

Mr El Chaar joined DAMAC in 2005 as Vice President of International Sales. He became International General Manager in 2006 and remained in that role until the beginning of 2009 when he became General Manager of Operations. Since the beginning of 2011, Mr El Chaar has been the Company’s Managing Director.

Mr Adil Taqi

GROUP CHIEF FINANCE OFFICER

Mr Taqi graduated with a Bachelor of Science in Mathematics-with-Engineering in 1993 from the University of Nottingham in the UK and received an executive MBA in 2004 from IMD in Switzerland. He is also an associate and member of the Chartered Institute of Management Accountants in the UK. His experience covers both emerging and developed markets, including the MENA region and the United Kingdom.

Mr Taqi graduated with a Bachelor of Science in Mathematics-with-Engineering in 1993 from the University of Nottingham in the UK and received an executive MBA in 2004 from IMD in Switzerland. He is also an associate and member of the Chartered Institute of Management Accountants in the UK. His experience covers both emerging and developed markets, including the MENA region and the United Kingdom.

In addition to being the Group Chief Finance Officer, Mr Taqi heads up the Business Development Team managing all of DAMAC Properties’ real estate investments. Prior to joining the Company in 2006, he held various senior management roles in a number of Omani banks and financial institutions.

Mr Taqi is currently on the board of a number of high profile private and public companies in the MENA region, including Al Anwar Ceramics Tiles Company SAOG and Al Jazeira Services Co SAOG.

Mr Niall McLoughlin

SENIOR VICE PRESIDENT, MARKETING & CORPORATE COMMUNICATIONS

Mr McLoughlin is a 25-year resident of the United Arab Emirates. His UAE career started with one of the largest private companies in the country, the Al-Futtaim Group, where he held several senior marketing and communications positions throughout the organisation

Mr McLoughlin is a 25-year resident of the United Arab Emirates. His UAE career started with one of the largest private companies in the country, the Al-Futtaim Group, where he held several senior marketing and communications positions throughout the organisation.

He progressed to work within real estate development marketing with Dubai Festival City and regional banking, where he held senior positions for Standard Chartered Bank PLC. He joined DAMAC Properties in 2007.

The Marketing & Corporate Communications division is responsible for the day-to-day internal and external communications and marketing activities relating to the Company.

Serving a wide spectrum of nationalities and geographies, the team oversees and executes a continuum of marketing communication activities including market research, creative, brand management, website development, online marketing strategy, media management, advertising and promotions, media relations, public relations, reputational risk and CSR activities.

Mr Mohammed Tahaineh

Senior Vice President, Commercial

Mr Mohammed Tahaineh has almost 20 years’ experience in the UAE, working in the construction industry at executive management level, specialising in commercial and project management.

Mr Mohammed Tahaineh has almost 20 years’ experience in the UAE, working in the construction industry at executive management level, specialising in commercial and project management. As head of the commercial unit, his responsibilities include managing the overall commercial and procurement process ranging from construction contracts to general services in line with DAMAC Properties’ business requirements. The role involves pre-qualification of companies, inviting tenders, reviewing tender returns, commercial finalisations and awarding contracts for construction, marketing and miscellaneous services. His responsibilities also include post contract commercial management of the projects, in particular, contract administration, claims management, preparation and finalisation of supplementary agreements, auditing of payment valuations and change orders as well as administering project close outs.

Mr Patrick Doolan

Advisor

Mr Doolan has over 30 years’ experience in senior management positions throughout various commercial, engineering and construction companies in the United Kingdom and subsequent legal counsel positions in Australia and the Middle East. He received his LLM from Sydney University in 1999 and has also been a member of the Chartered Institute of Arbitrators since 2004.

Mr Doolan has over 30 years’ experience in senior management positions throughout various commercial, engineering and construction companies in the United Kingdom and subsequent legal counsel positions in Australia and the Middle East. He received his LLM from Sydney University in 1999 and has also been a member of the Chartered Institute of Arbitrators since 2004.

DAMAC Properties’ in-house legal team protects and promotes the Company’s interests by providing a full spectrum of legal services. It is responsible for the drafting, issue and control of the Company’s core commercial contracts, and for the day-to-day legal requirements, including structuring, drafting and negotiating contracts for land acquisition, design and / or construction and brand licensing arrangements with companies such as Tiger Woods Design, Fendi Casa, Versace Home, Paramount Hotels & Resorts and Bugatti.

It also appoints and manages external counsel for litigious matters and in relation to specialist advice.

Mr Arunan Thayyil

Vice President, Information Technology

With almost 30 years’ experience in the fields of information technology and telecommunications, Mr Arunan Thayyil leads a team of professionals who ensure that DAMAC Properties is utilising best-in-class technology and systems to maintain and enhance the Company’s efficiency and ensure its position at the forefront of the real estate industry.

With almost 30 years’ experience in the fields of information technology and telecommunications, Mr Arunan Thayyil leads a team of professionals who ensure that DAMAC Properties is utilising the best-in-class technology and systems to maintain and enhance the Company’s efficiency and ensure its position at the forefront of the real estate industry. Following a successful career in India, Mr Thayyil relocated to Dubai for posts with both Unilever and Coca Cola, before joining DAMAC Properties in 2004. During that time, the Company has implemented state-of-the-art technology systems from business practices and automation to physical infrastructure developments capable of global expansion. Mr Thayyil has a dedicated team working with him to ensure systems run smoothly and are utilised for the best practices of the business and the Company’s customers.

Mr MP John

Senior Vice President of Human Resources and Talent Acquisition

Mr John joined DAMAC Properties in 2003. With more than 25 years’ experience, he is responsible for driving organisational success in talent acquisition and human resources, providing an employee oriented, high performance driven work culture. He holds a Masters Degree in Arts from Mahatma Gandhi University, India.

Mr John joined DAMAC Properties in 2003. With more than 25 years’ experience, he is responsible for driving organisational success in talent acquisition and human resources, providing an employee-oriented, high performance driven work culture. He holds a Masters Degree in Arts from Mahatma Gandhi University, India.

The HR and Talent Acquisition team is responsible for global recruitment, induction programmes for all staff, visa processing, performance management and administration.

Training and development is a core principle of the department, with comprehensive introduction and education programmes on Dubai and DAMAC Properties for new employees.

Amr Aboushaban

Head of Investor Relations

Mr Aboushaban has over 10 years' experience in London with global financial institutions, focusing on global, emerging and frontier market equities and business development. He spent eight years of his career at Bank of America Merrill Lynch and two years at Renaissance Capital.

Mr Aboushaban has over 10 years' experience in London with global financial institutions, focusing on global, emerging and frontier market equities and business development. He spent eight years of his career at Bank of America Merrill Lynch and two years at Renaissance Capital.

Mr Aboushaban holds a Bachelors of Engineering from the University of Westminster, London and a Masters of Finance from the University of London, Queen Mary.

Mr Aboushaban leads the Investor Relations team in ensuring transparent, regular communication with DAMAC’s diverse stakeholder base; this includes attending and coordinating investor meetings, conferences and capital market days, leading financial analyst briefings, and supplying all the relevant information needed to understand DAMAC’s financial performance and strategic ambitions.