The Saudi Real Estate Company (Al-Aqar), listed on the Saudi Stock Exchange, announced that its Board of Directors issued a resolution on January 24, 2026, approving the appointment of Mr. Abdullah bin Saud Abu Dawood as the company's Chief Executive Officer, effective April 5, 2026. This decision comes as part of the company's efforts to strengthen its leadership team with qualified national talent possessing high-quality expertise to keep pace with the rapid developments in the Kingdom's real estate sector.
A distinguished career and diverse leadership experience
Abdullah Abu Dawood possesses a distinguished track record and over 25 years of leadership and executive experience, spanning both the public and private sectors. His career has focused on leading major organizational transformations, enhancing operational and financial efficiency, allocating capital, and implementing the highest standards of governance and risk management. He also has extensive experience in building strategic investment partnerships between the public and private sectors, a cornerstone of the company's future direction.
Abu Dawood's expertise encompasses real estate development and asset management, where he has worked to maximize investment value through innovative business models and effective alliances. The company stated in its announcement published on the Saudi Stock Exchange (Tadawul) that the new CEO spearheaded the establishment of Rimaat Riyadh Development Company, directly contributing to enabling investment in municipal assets and services related to Riyadh, and building long-term partnerships with the private sector to ensure financial sustainability.
Key milestones and academic qualifications
Abu Dawood's career included holding senior leadership positions in major companies, including STC Group's communications arm, as well as pivotal leadership roles in economic cities such as Jazan Economic City and the Industrial Valley at King Abdullah Economic City. These milestones reflect his extensive experience in managing large-scale projects and complex investment environments.
On the academic front, Abu Dawood holds a Bachelor of Business Administration degree from the University of Business and Technology, a Board Member Diploma from the International Institute for Management Development (IMD), and a Certified Board Chair certificate. He has further enhanced his expertise through advanced executive programs from prestigious international business schools such as London Business School (LBS), INSEAD, and IMD.
The economic context and the importance of appointment
This appointment is particularly significant given the real estate boom in Saudi Arabia, driven by the goals of Vision 2030. Al-Aqar is one of the oldest companies in the Saudi market, having been established decades ago and playing a prominent role in Riyadh's urban development. The appointment of a leader with a strong background in asset management and government partnerships is expected to accelerate the company's current and future projects, especially in light of the sector's intense competition and the trend among companies to develop integrated and smart urban communities.
