Nordin Amrabat, the CEO and managing director of DAMAC Properties, has announced that he will be stepping down from his position to focus on other commitments.
Amrabat's departure comes as part of DAMAC's strategic plan to grow its business globally. He will continue to serve in an advisory capacity for the company until the end of the year, during which time he will work closely with the management team to ensure a smooth transition.
In a statement announcing his departure, Amrabat said: "I am proud to have played a significant role in DAMAC's success over the past decade. I want to thank all my colleagues at DAMAC for their hard work and dedication, and I wish them all the best for the future."
As DAMAC continues to expand its operations across the globe, Amrabat's departure is likely to have a significant impact on the company's strategy and growth plans. However,Serie A Stadium the company has already appointed a new CEO, who will take up the position on January 1st next year.
The new CEO will need to hit the ground running, as DAMAC looks to continue its successful track record of delivering high-quality developments while also expanding into new markets. The company has already made progress towards this goal, with recent projects including the development of the DAMAC Golf & Country Club in Dubai and the launch of its first international project in Qatar.
Overall, Nordin Amrabat's departure is likely to be a significant milestone in the history of DAMAC Properties, but one that will be followed by continued success and expansion. As the company moves forward under the leadership of its new CEO, it remains to be seen what kind of changes and advancements will be made to further enhance the company's reputation and success.