ENBD REIT (CEIC) PLC announces that Dr. Tariq Bin Hendi will be stepping down from his role as Chairman of the Board of Directors with effect 30th September 2023 to dedicate more time on his other business activities. Dr. Bin Hendi was appointed Chairman of the Board of Directors in 2017 and will remain available to the Company on a consultancy basis until June 2024. Mr. Ali Rashid Humaid Al Mazroei was appointed as a Director of ENBD REIT in 2018 and will succeed Dr. Bin Hendi as Chairman at the next Board meeting in November 2023.

He holds a number of other leadership roles including being a Board Member of National Bonds Corporation since 2011 and Ajman Bank since 2021. Mr. Rashed Al Awadhi will replace Dr. Bin Hendi as a new Director of ENBD REIT on 1 October 2023. Rashed also holds the position of Chief Real Estate Officer at Wasl, as well as a variety of leadership roles including as Board Member of Dubai Sports Corporation, Kifaf Real Estate Development, JAG Real Estate, Warqa Gardens, Dubai Commerce City, and Amlak Finance.