Dar Al-Arkan Real Estate Development Company has CEO Ziad Al-Chaar has resigned and will be replaced with Emaar Middle East's former CEO in Saudi Arabia, Kelvin Kwok. In a statement, Dar Al-Arkan said that the company's board of directors has accepted Chaar's resignation, for personal reasons, effective September 1. Chaar's replacement, Kelvin Kwok, will take his position as CEO on September 1. Kwok has over 20 years of experience in the real estate and financial investment management sectors, and most recently was CEO of Emaar Middle East in Saudi Arabia, where he was responsible for the execution and delivery of several large real estate projects in the kingdom.