Deyaar Appoints New CFO to Drive Financial Growth
Deyaar Development PJSC strengthens its leadership team with the appointment of Bassam El Ghawi as the new Chief Financial Officer.
Summary
Deyaar Development PJSC has appointed Bassam El Ghawi as CFO, aiming to enhance financial structure and operational excellence.
Deyaar Development PJSC, a prominent real estate developer in the UAE, has announced the appointment of Bassam El Ghawi as its new Chief Financial Officer. This strategic move is part of Deyaar's broader plan to bolster its financial framework and achieve long-term operational excellence. El Ghawi's extensive experience in auditing, risk management, and financial operations positions him as a key player in Deyaar's journey towards sustainable growth.
El Ghawi brings over 30 years of professional expertise, having held leadership roles in notable companies such as Union Properties, Arabtec Holding, and Dubai Airports. His previous role as Chief Audit Executive at Deyaar saw him contribute significantly to the development of the company's Internal Audit Department, implementing global best practices in finance and governance.
Commenting on the appointment, Mr. Abdullah Ali Al Hamli, Chairman of the Deyaar Board of Directors, highlighted the importance of this leadership change at a pivotal time in the company's transformation. He emphasized El Ghawi's role in enhancing operational efficiency and financial discipline, which are crucial for maintaining Deyaar's growth momentum.
Saeed Mohammed Al Qatami, CEO of Deyaar, expressed confidence in El Ghawi's ability to lead the company's financial operations. He noted that El Ghawi's strategic vision and leadership would strengthen Deyaar's market position and support its ambitious objectives.
El Ghawi himself expressed enthusiasm for his new role, stating his commitment to working with Deyaar's team to implement robust financial strategies that align with the company's vision of delivering innovative real estate solutions.
Given the strategic leadership changes and the focus on strengthening financial operations, Deyaar Development PJSC appears to be on a promising path. Investors looking for stable and growing opportunities in the real estate sector may find Deyaar's stock an attractive option to hold, considering the company's ongoing efforts to enhance financial resilience and operational excellence.
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Summary
Deyaar Development PJSC has appointed Bassam El Ghawi as its new Chief Financial Officer. Previously, El Ghawi served as the Chief Audit Executive at Deyaar and has over 30 years of experience in auditing, risk management, governance, compliance, and financial operations. He has held leadership roles at Union Properties, Arabtec Holding, and Dubai Airports. His appointment is part of Deyaar's strategy to enhance its financial structure and achieve long-term operational excellence. The company's leadership expressed confidence in El Ghawi's ability to support Deyaar's growth and strengthen its financial initiatives. El Ghawi looks forward to implementing financial strategies that align with Deyaar's vision.
