Tuesday 20 August 2019

Imdaad CEO tops FM Power 50 list for seventh year

DUBAI, December 12, 2018

Dubai-based Imdaad, a leading provider of integrated, sustainable facilities management services, said its Group CEO Jamal Abdulla Lootah has ranked first on the Facilities Management Middle East (fmME) magazine’s Power 50 list for the seventh year in a row.

The annual ranking of the region’s most influential personalities in the FM sector comes as a true recognition of Lootah’s outstanding leadership skills, which enabled him to steer Imdaad to tremendous success, despite a number of challenges the industry faced in 2018, said a statement from the company.

The fmME Power 50 list is compiled every year by ‘Facilities Management Middle East,’ the region’s leading monthly magazine for FM and strata professionals, FM service providers, building owners, and developers, it stated.

On the achievement, Lootah said: "I am greatly humbled and honoured to be featured again at the top spot on the fmME Power 50 list that celebrates the accomplishments of the FM industry leaders. This recognition will further motivate me to strive for excellence in all aspects of the business at Imdaad."

Imdaad had posted revenues of Dh610 million ($166 million) for 2017, reflecting a 16 per cent increase over the previous year. For 2018, the company is forecasting a 12 per cent increase in revenues which is set to hit Dh680 million.

Under the leadership of Lootah, Imdaad focused on further deepening its presence in its home market of the UAE and expanding its footprint in the wider GCC with the objective of capitalizing on the opportunities presented by the region’s continuing infrastructure investments and real estate development.

Lauding his collegaues, Lootah said: "I would like to extend my deepest gratitude to them for their unwavering commitment, dedication and hard work which had been instrumental to the company’s enduring success and without whom this achievement would not have been possible."

With a healthy year-on-year client retention rate of 95 per cent, Imdaad has steadily grown its market share and client base over the past year, said the statement from the company.

The company won several new projects and renewed many existing contracts during the first three quarters of 2018 with a total value of nearly Dh500 million, it added.-TradeArabia News Service

Tags: facilities management | Imdaad |

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