- The announcement formalizes leadership driving the Group’s holding company’s rapid expansion in recent years.
- Nazzal led the establishment of Royal Development Holding, building on a proven development legacy to create a UAE-based company with international operations.
Abu Dhabi, United Arab Emirates – 29 December 2025: Royal Development Holding, a premier UAE-based real estate development firm and a subsidiary of Emirates Stallions Group (ADX: ESG), announced that Emirates Stallions Group has confirmed the appointment of Tariq Nazzal as Chief Executive Officer, following his tenure as General Manager of the Holding and its core subsidiaries.
The appointment formalizes a leadership trajectory that has overseen the delivery and management of more than 60 projects across multiple real estate verticals and 15 markets, positioning Royal Development Holding as a diversified real estate platform with international exposure.
Under Nazzal’s leadership, the Holding progressed from a development management–led model to operating as a full-scope real estate developer, assuming direct responsibility across development, delivery, and strategic partnerships. During this period, it entered into strategic agreements with globally recognized hospitality brands to launch landmark developments, including Mallside Residence, Curio Collection by Hilton; Seamont Autograph Collection Residences; and Radisson Residences Al Reem Island.
Internationally, the Holding marked major milestones with the handover of Albizya Bay, a resort-style residential community on Mahé Island, Seychelles, alongside other local and international projects.
Commenting on the appointment, Kayed Ali Khorma, CEO of Emirates Stallions Group, said:
“Since leading the transition into Royal Development Holding, Tariq has demonstrated an exceptional ability to translate vision into execution. He has played a central role in shaping the Holding’s evolution, strengthening its operating model, and expanding its development platform across local and international markets.
His appointment as Chief Executive Officer reflects not only the scale of what has already been achieved, but also our confidence in his ability to lead the organization through its next phase of growth. As the Holding continues to expand its portfolio and partnerships, we believe this leadership continuity will be critical in maintaining discipline, accountability, and long-term value creation across the business.”
From his end, Tariq Nazzal, Chief Executive Officer of Royal Development Holding, said: “Royal Development Holding is guided by a clear purpose: to evolve spaces in ways that elevate lives and create lasting value. Building on the foundation of Royal Development Company, we have progressed toward a more integrated development model. My focus moving forward is on disciplined growth, selective collaborations, and developments anchored in real demand, with an emphasis on design quality and long-term impact.”
As Chief Executive Officer, Nazzal will oversee the Holding’s strategic growth and expanding portfolio, with a focus on branded residences and hospitality platforms, global partnerships, and developments that integrate design excellence and operational rigor.
For Royal Development Holding, the appointment signals continuity, reinforcing a leadership philosophy centered on credibility, precision, and sustained impact.
