Mr. Arif Abdulla Alharmi Albastaki

THE CHAIRMAN

Arif has been the Chief Executive Officer, Amlak Finance PJSC since May 2007. His career spanning over 28 years is marked by distinguished leadership in various industry sectors.

Arif began his professional journey in the banking sector with over 15 years’ experience in senior roles at reputed institutions like HSBC Middle East, Dubai Islamic Bank, and ABN AMRO Bank. He has a master’s degree in International Business from the University of Wollongong, Dubai.

In his tenure at Amlak, Arif has been instrumental in successfully driving business transformation and financial restructuring. He has been actively involved with top-tier companies and leadership circles across the MENA region, bringing impactful insights and strategies to the table.

Beyond Amlak, Arif’s thought-leadership extends to various board positions across the region, viz. Emaar the Economic City (KSA), Al Salam Bank (Algeria), and Americana Restaurants International PLC (UAE). Previously, he served as Chairman and member on several boards, including EII Capital PJSC, Daman – National Health Insurance Company, TECOM Group, AWQAF & Minors Affairs Foundation – Government of Dubai, and Aramex PJSC, among others.

Arif’s career is a testament to his result-oriented approach making significant contributions to diverse industries such as technology, logistics, banking and finance, private equity, real estate, food and beverage, insurance, and hospitality.

Mr. Hesham Heikal

VICE CHAIRMAN

Hesham Heikal joined Emaar Properties in 2020 as the Group Chief Financial Officer. He has 30 years of diverse experience gained in the Middle East and the United States spanning across financial, operational, investment and Board-level roles. During his career, his responsibilities covered areas such as accounting,
corporate finance, general management and overseeing corporate support functions such as legal, procurement, administration, human capital, and information technology.

Hesham spent the first 15 years of his career with PricewaterhouseCoopers (PwC) where he worked in Cairo, Dubai, Abu Dhabi and with the firm’s practice in the Silicon Valley, California. When he left PwC in 2008 he was the Partner leading the firm’s Assurance practice in Abu Dhabi. His experience covered
several industries with a particular focus on Real Estate, Manufacturing (mostly FMCG), Telecommunications and Technology.

Prior to Emaar, Hesham was the Group Chief Financial Officer of Alrajhi Holding Group, a multi-billion-dollar Saudi conglomerate with investments in Industrial, Infrastructure, Building Solutions, Contracting, Financial Services, and Real Estate. In his role, he reported to the Group Chairman and served as a member
on the Boards of Directors of the Group’s Industrial, Building Solutions and Contracting sectors as well as two industrial joint ventures, and served as a member of the Executive Committee and Audit Committee of a joint venture.

From November 2015 till May 2019 Hesham was the Group Chief Financial Officer of Dubai Properties Group, the largest privately held integrated real estate developer in Dubai. Scope of his responsibility included finance, strategy, contracts and procurement, information technology and cost control. In addition to his main role, Hesham also served on the Board of Directors of some of the Group’s joint ventures in the UAE and Bahrain.

Hesham is a Certified Public Accountant (CPA) from Colorado, USA and holds an MBA from London Business School.

Mr. Mostafa Karam

BOARD MEMBER

Mr Mostafa Karam is an customer service and service audit specialist in MEA, with extensive experience gained in leading position over 28 years of experience ins Emirates Airline.

At present, Mr. Karam is the Senior Vice President of Customer Affairs and Service Audit at Emirates Airlines.

Mr Karam completed his Bachelor of Arts at the UAE University in 1984, IATA diploma in Airline Marketing in 1997 and IATA diploma in Airline Management in 1994, both in Geneva, and obtained a diploma in Global Business Consortium in 2004 at the London Business School in the United Kingdom, as well as a Certificate for the International Executive Program (INSEAD) in France in 2006.

MR. Ahmad Al Falasi

BOARD MEMBER

Mr Al Falasi has been an integral part of Emaar’s team since 2002 and one of the most sought-after members of the executive management team due to his desire for excellence, high performance, business acumen and strategic orientation.

Serving in various positions at Emaar, Mr Al Falasi has been a founding member of various business activities, setting up strong foundations that have driven Emaar’s success over the years. Managing diverse portfolios and services under his leadership and ownership mindset, Mr Al Falasi has pioneered departments such as Customer Care, Property Transfer, Property Handover, Facilities Management, and Community Management. He has also recently spearheaded the establishment of Emaar Asset Management LLC as part of the overall diversification of Emaar’s management and operations to enhance service offerings to various assets and customers. He has been an iconic team member in the development of all of Emaar’s master-planned projects, including Burj Khalifa (the tallest building in the world), The Dubai Mall (the largest shopping mall in the world), The Dubai Fountain (the largest and tallest fountain in the world), and Downtown Dubai which is, undoubtedly, the world’s largest retail and entertainment destination.

In his current role as Executive Director of Group Operations for Emaar Properties PJSC, Mr Al Falasi is responsible for planning and management, finance, risk management and performance of Emaar’s property developments in the region. He is also part of the Executive Leadership Team and Finance Committee of Emaar Properties PJSC.

Mr Al Falasi is a graduate in Business Administration with a major in Economics from Eastern Washington University, USA. He also has an Executive Development (PED) in General Management from the International Institute for Management Development, Switzerland.

Mr. Mohammad Mahmood Ahmed Abdulrazzaq Albastaki

BOARD MEMBER

Mr. Mohammad Al Bastaki is the Chief Executive Officer of Emirates NBD Capital, the investment banking arm of Emirates NBD, a leading banking group in the MENAT region. Mohammad currently is responsible for overseeing the structured finance, capital markets, and advisory businesses with a mandate to drive the growth of the Group’s Investment Banking franchise.

Prior to his appointment, Mohammad was the Head of Public Sector – Corporate and Institutional Banking at Emirates NBD where he had leadership and oversight over several key strategic initiatives within the Public Sector space.

He has previously worked with HSBC for 12 years within Commercial Banking, Retail Banking and Global Banking in different strategic roles.

Mohammad holds a Bachelor’s degree in Business Management from the Higher Colleges of Technology Dubai, UAE