Manazel Real Estate PJSC (“Manazel”), a prominent developer in the UAE, is pleased to announce the appointment of Mr. Balaji Prasad as Chief Financial Officer. With nearly 20 years of extensive financial management experience, Mr. Prasad has held senior executive positions across various industries, including real estate, construction, oil and gas, manufacturing, and trading throughout the GCC.

Hassan Fahmi, Manazel’s Chief Executive Officer, expressed his enthusiasm for the new addition to the team, stating, “I am delighted to welcome Balaji on board during this exciting period of growth as we invest in our team and infrastructure to support our expansion into new sectors and markets. Balaji’s significant financial and industry-wide experience will be invaluable to our business as we capitalize on the growth opportunities that exist here in the UAE and across the wider Middle East.”

Before joining Manazel, Mr. Prasad served as Chief Financial Officer at Sobha LLC, a multinational development and investment firm, where he was responsible for leading the company’s financial strategy, fundraising, and treasury functions while supporting the overall business strategy. His previous experience also includes serving as Chief Financial Officer of KEF Holdings, a UAE-based industrial manufacturer later acquired by Tyco/Pentair, as well as senior financial management roles with organizations such as AMA Group in Bahrain, Bahwan Engineering Group in Oman, and Reliance Industries Ltd in India.

Mr. Prasad holds a Bachelor’s Degree in Applied Sciences from the Coimbatore Institute of Technology in India. He is a US Certified Public Accountant (CPA) and a Fellow Chartered Accountant (FCA) from India.

Expressing his excitement about joining the team, Balaji Prasad stated, “I am delighted to join the Manazel team during this period of expansion and look forward to playing a key role as we expand both our investor base and market presence.”