{"id":707385,"date":"2026-06-03T00:00:00","date_gmt":"2026-06-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=707385"},"modified":"2026-06-03T03:29:09","modified_gmt":"2026-06-03T03:29:09","slug":"emaar-misr-ceo-mostafa-el-kady-is-out-mohamed-alabbar-takes-over","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/emaar-misr-ceo-mostafa-el-kady-is-out-mohamed-alabbar-takes-over\/","title":{"rendered":"Emaar Misr CEO Mostafa El Kady is out, Mohamed Alabbar takes over"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Em<\/strong><strong>aar Misr CEO Mostafa El Kady was terminated on May 25, <\/strong>according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/138.pdf\" style=\"\">EGX disclosure (pdf)<\/a> <strong>, <\/strong><strong>with group founder Mohamed Alabba<\/strong><strong>r (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohammed-alabbar\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) stepping in to run Egyptian operations. <\/strong>Alabbar will exercise \u201cdirect and full oversight of the company\u2019s business operations and affairs,\u201d Emaar Misr said In a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/136.pdf\" style=\"\">disclosure (pdf)<\/a>, with board member Mohamed Eid re-designated from non-executive to executive director to support him in the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/137.pdf\" style=\"\">expanded capacity (pdf)<\/a>. The company disclosed that it has not appointed a new CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mohamed Eid has been named an executive board member to support Alabbar following Mostafa El Kady\u2019s termination<\/p>\n","protected":false},"author":1,"featured_media":707386,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[1527,72,206],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-707385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-emaar-misr","tag-enterpriseam","tag-moves","wpautop","entry"],"acf":{"mongo_id":"dfe6aef4-dd19-4514-977e-8399d36ff119","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/6\/189.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CEO out, founder in","related_issue":[707370],"teaser":"Mohamed Eid has been named an executive board member to support Alabbar following Mostafa El Kady\u2019s termination"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Azmy is also a board member of the local Emirates Chapter of the Young Presidents Organization, an\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561329,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/emaar-loves-egypt-part-xvi\/","url_meta":{"origin":707385,"position":1},"title":"Emaar loves Egypt, Part XVI","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Egypt is Mohamed Alabbar\u2019s favorite real estate investment destination: High demand, attractive turnover, and the sheer size of Egypt\u2019s real estate market give it an edge over markets in the UAE and the UK, and make it the top choice for upmarket real estate developer Emaar Properties, Emaar CEO Mohamed\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/27.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593663,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypt-and-uaes-emaar-finally-settle-their-uptown-cairo-beef\/","url_meta":{"origin":707385,"position":2},"title":"Egypt and UAE\u2019s Emaar finally settle their Uptown Cairo beef","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"DISPUTE WATCH- Egypt and UAE\u2019s Emaar have finally settled their beef over Uptown Cairo: Property developer Emaar Misr has signed a final settlement with the Egyptian government to resolve a two-year dispute with state-owned El Nasr Housing over the Emirati company\u2019s alleged failure to develop 3 mn sqm of land\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1356.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":706737,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/emaar-misr-taps-omar-sarhan-for-acting-ceo-role\/","url_meta":{"origin":707385,"position":3},"title":"Emaar Misr taps Omar Sarhan for acting CEO role","author":"enterpriseam admin","date":"1 June 2026","format":false,"excerpt":"Outgoing CEO Mostafa El Kady steps down after over seven years at the helm","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/8.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561221,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/","url_meta":{"origin":707385,"position":4},"title":"Emaar loves Egypt + Edita\u2019s big move in Morocco","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"Emaar Properties plans to double its Egypt operations to 30% of its overall business, founder Mohamed Alabbar told Asharq Business, describing Emaar Misr as the \u201cstar performer\u201d of 2020. 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