David Hunter, chairman of Dar Global, the international luxury real estate developer, has resigned.
Hunter will step down from his position on 3 October but remain a consultant to the business.
“Having led the company through its London flotation and having recently reported that it is on track to meet its $700m revenue target for FY2024 and F2025, I feel the time is right to hand over the reins,” said Hunter.
Dar chief executive Ziad El Chaar said the business was “deeply grateful” to Hunter for his leadership during a “transformative period” for the company.
“His guidance was instrumental in our successful transition to a listed company and subsequent rapid growth over the last 18 months,” said El Chaar.
Dar is on a growth mission and earlier this year, enlisted Rothschild & Co to help with its expansion plans in London and Saudi Arabia.
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