{"id":110572,"date":"2025-12-31T00:00:00","date_gmt":"2025-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/2025\/12\/31\/royal-developments-nazzal-promoted-to-ceo\/"},"modified":"2025-12-31T00:00:00","modified_gmt":"2025-12-31T00:00:00","slug":"royal-developments-nazzal-promoted-to-ceo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/12\/31\/royal-developments-nazzal-promoted-to-ceo\/","title":{"rendered":"Royal Development\u2019s Nazzal promoted to CEO"},"content":{"rendered":"

Royal Development Holding promotes Nazzal to CEO: <\/strong>Tariq Nazzal (LinkedIn<\/a>) has been promoted to CEO of Emirates Stallions Group\u2019s Royal Development Holding, according to a press release<\/a>. Nazzal was appointed<\/a> general manager when the platform was launched.<\/p>\n

Need a refresher?<\/strong> Emirates Stallions Group consolidated its real estate businesses under Royal Development Holding in June<\/a> as part of a broader reorganization, creating a dedicated vehicle for its development and property assets.<\/p>\n

!_InsertLine <\/p>\n

MEANWHILE- Kuwait\u2019s DFM-listed Agility Public Warehousing Company\u2019s (Makhazen)<\/strong> CEO Tarek Sultan (<\/strong>LinkedIn<\/a><\/strong>) has stepped down<\/strong> for personal reasons, according to a DFM disclosure (pdf)<\/a>. The board is set to convene to review the exit.<\/p>\n

Equitativa<\/strong> names new board director: <\/strong>Equitativa, the manager of Emirates REIT, tapped Trevor McFarlane (LinkedIn<\/a>) as the board\u2019s new non-executive independent director, following Dubai Financial Services Authority approval, according to a Nasdaq disclosure<\/a>.<\/p>\n

Background: <\/strong>McFarlane brings with him substantial experience in geopolitical, macro-economic, financial, and regional policy analysis. He is also the founder and CEO of Emir, serves on the board of Binghatti Holding, and previously worked at The Economist.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Makhazen CEO steps down + Equitavita names new board director<\/p>\n","protected":false},"author":1,"featured_media":110573,"comment_status":"","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":[1549],"tags":[813,1364,478,7,1282,33],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-agility","tag-emirates-reit","tag-emirates-stallions-group","tag-enterpriseam-uae","tag-equitativa","tag-moves","wpautop","entry"],"acf":{"mongo_id":"ae08faa2-a0d6-4e67-9f95-58dcede20f9b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1469.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Royal Development taps Tariq Nazzal as new CEO","related_issue":[110563],"teaser":"PLUS: Makhazen CEO steps down + Equitavita names new board director"},"yoast_head":"\nRoyal Development\u2019s Nazzal promoted to CEO - 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