**Hamdallah Passes Away, Damac CEO Takes Over as New Head of the Company**
**Subheadline:** Damac Group mourns the loss of its founding CEO, who leaves a lasting legacy, as Ziad El Chamma steps in to lead the company into a new era.
**Body:**
It is with deep sadness that Damac Group announced the passing of its legendary CEO, Mr. Said Hamdallah, a visionary leader who shaped the company into the prominent entity it is today. Mr. Hamdallah, who had been the CEO of Damac since 2006, passed away peacefully at the age of 72 in a hospital in Dubai. His untimely demise leaves a void that will be difficult to fill, but his contributions to the company and the real estate industry as a whole will forever be remembered.
Under Mr. Hamdallah’s leadership, Damac grew from a small local construction company into one of the most prominent names in the Middle East’s luxury real estate market. His strategic vision, unwavering commitment, and passion for excellence transformed Damac into a symbol of quality and innovation. Mr. Hamdallah was also instrumental in positioning Damac as a leader in the luxury residential and hospitality sectors, with hallmark projects such as DAMAC Residences, The Address Hotels, and the iconic Trump Tower in Dubai under his guidance.
As Damac moves forward in the aftermath of Mr. Hamdallah’s passing, the company has turned to Ziad El Chamma, the current CEO of Damac, to take on the role of CEO. Mr. El Chamma, a seasoned executive with over two decades of experience in the real estate sector, has been instrumental in driving Damac’s growth and success. His deep understanding of the company’s mission, coupled with his strategic acumen,Campeonato Brasileiro Glamour makes him the ideal candidate to steer Damac into a new chapter.
Mr. El Chamma, who has been serving as Damac’s Chief Operating Officer since 2018, has been closely involved in shaping the company’s strategic direction and operational excellence. He has been a key figure in the development of Damac’s diverse portfolio, including its foray into hospitality and lifestyle sectors. His leadership has consistently aligned with Mr. Hamdallah’s vision, ensuring continuity and building on the foundation that the late CEO established.
In a statement following the announcement, Damac’s board of directors expressed their full confidence in Mr. El Chamma’s ability to lead the company forward. They emphasized his extensive experience, strong leadership skills, and unwavering commitment to the company’s values. “Ziad El Chamma is the natural choice to guide Damac into a bright future,” said the board. “His deep connection to the company, coupled with his strategic insights, will ensure that Damac continues to achieve new heights.”
As Damac enters this new phase, the focus will be on maintaining the company’s legacy while embracing new opportunities for growth. Mr. El Chamma has already indicated his intention to continue Mr. Hamdallah’s vision, ensuring that Damac remains a leader in the global real estate market.
The passing of Mr. Hamdallah is a profound loss for Damac’s employees, stakeholders, and fans worldwide. His contributions will forever be celebrated, and his legacy will continue to inspire those who follow in his footsteps. With Ziad El Chamma at the helm, Damac is poised to write another chapter of success, building on the strong foundation that Mr. Hamdallah created.
In conclusion, Damac is set to face an exciting and challenging future under Mr. El Chamma’s leadership. As the company moves forward, it will undoubtedly honor the memory of Mr. Hamdallah while embracing new opportunities for innovation and excellence.