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| 13 April, 2017

Chairman & CEO of DAMAC Properties, Hussain Sajwani, top real estate CEO in the GCC

Chairman  CEO of DAMAC Properties, Hussain Sajwani, top real estate CEO in the GCC

Hussain Sajwani, Founder, Chairman and CEO of DAMAC Properties, took first place amongst real estate CEOs.

Top CEO Awards recognises industry heads whose achievements are driving the GCC economy

Dubai, United Arab Emirates – 13 April 2017: Hussain Sajwani, Founder, Chairman and CEO of DAMAC Properties, a leading luxury real estate developer in the region, took first place amongst real estate CEOs and ranked number 11 on the list of 100 regional CEOs in the Top CEO Awards 2017, held in Jeddah recently.

Organised by TRENDS magazine in conjunction with INSEAD business school, the Top CEO Awards 2017 paid tribute to 100 business leaders whose efforts toward the success of their organisations are instrumental in the continued growth of the GCC and have excelled in the field of leadership.

Hussain Sajwani commented: “It is indeed an honour to receive this award, which I whole-heartedly dedicate to my team who worked long and hard to make DAMAC Properties what it is today. This award reaffirms our success and achievements as a company, and celebrates our contribution to Dubai’s overall success story and the wider GCC.”

The red carpet awards ceremony, which has recently taken place at King Abdullah Economic City – Saudi Arabia, celebrated achievements of Top CEOs in the GCC region. The Top CEO Awards targets the region’s most affluent people, CEOs, CMOs, Presidents and VPs of listed companies on the GCC bourses and is based on companies’ performances over the past fiscal year.

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Julien Hawari, Co-CEO at Mediaquest, the media and events company behind the initiative, said: “Top CEO Awards distinguishes itself from other schemes by stipulating that only CEOs of listed companies are eligible for entry. The awards are based on the financials of these companies, with the entire evaluation process being fully transparent and audited.

“TRENDS works in partnership with INSEAD to ensure that the program formula is the most accurate it can be and collaborates with Hawkamah to include corporate governance and disclosure criteria as integral components of the ranking. The entire work has a final review by Deloitte, who provide an independent, authoritative stamp of approval. The overall result is that Top CEO is the most reliable barometer of business leadership performance for the region,” Julien added.

The Top CEO Awards 2017 evening was attended by close to 400 senior business figures from a wide cross-section of industries, keen to salute and celebrate the achievements of the region’s leading executives.

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Further information is available at www.damacproperties.com

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon and the United Kingdom.

As of 31st December 2016, DAMAC Properties has delivered approximately 17,900 homes. The company has a development portfolio of over 44,000 units at various stages of progress and planning, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACofficial) and YouTube.

For more information, please contact: Niall McLoughlin, Senior Vice President, DAMAC Properties. Tel: +971 4 3731000 │ Fax: 00 9714 3732335 │Email: niall.mcloughlin@damacgroup.com

© Press Release 2017