[2], In 2009, the Dubai Government transferred Dubai Duty Free, Dubai Silicon Oasis Authority, Dubai Airport Free Zone Authority,[17] Emaratech, and Aswaaq to ICD. Board member since inception in 1995 and Chairman of the Board since 2010. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. Mohammed Ibrahim Al Shaibani will serve as the managing director. Designated Non-Financial Businesses and Professions. Sheikh Mohammed also issued Decree No. Material recovery services; Explore Investment Corporation of Dubai public register. H.E. An exhibition was also held on the sidelines of the forum. These assets are in diverse sectors, and include market leading companies in financial services, transportation, real estate, leisure and utilities. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. Through its nine business divisions, Imdaad provides: Hard and soft facilities management and environmental services; Material recovery services; Members of the board: Name: Title: Age: Since: Mohammad Al-Shaibani: Chairman--Ahmad Mohammad Saeed bin Humaidan: Director--Yahya Saeed Ahmad Nasser Lootah: Vice Chairman--Hamad Al-Shamsi: Director--Abdulaziz Al-Muhairi: Director-- . (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . Edtech firm upGrad has announced the appointment of Dan Rosensweig, a longtime Silicon Valley executive, to its board of directors, said a statement issued today. We will keep you informed on the items that matter to you most. Sarah Dea / The National. H.E. The DIFC Authority Board of Directors ensure that all of the Centre's activities, ranging from infrastructure development, financial management and client relations, are structured and implemented in such a way as to serve the strategic vision of Dubai's leadership HIS EXCELLENCY ESSA KAZIM CHAIRMAN Nader Bekhouche Principal. BUILDING MATERIALS, CONSTRUCTION & CONTRACTING. As a group, we are focused on maintaining momentum and delivering consistent performance and our aim is to continue this phenomenal journey by embarking upon new ideas and innovations as the driving force behind emerging as a leading investment company across the region and beyond. The DIFC is more than just a world-class financial centre. The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. Designated Non-Financial Businesses and Professions. H.E. Explore the world-class ecosystem that will help your business thrive and grow. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . Dubai Investments is committed to consistently accelerate the transformation of the Groups strategy focused on its people and culture by building a strong and diverse workforce along with continued efforts towards enhancing sustainability and digitisation efforts. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. In 2019, Al Saleh was appointed as a board member of the Investment Corporation of Dubai (ICD), while in 2021 he was appointed the Chairman of the Rochester Institute of Technology, Dubai Board of Directors. About the Council. H.E. It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 H.E. Glenn Sanford. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. Mr. We will continue to foster innovation, especially in future-focused sectors, while driving efficiency and implementing confidence-boosting measures in our traditional economic pillars to set new benchmarks and enhance Dubais global competitiveness and status as the worlds premier business and investment hub," Sheikh Hamdan added. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board, according to a tweet by the Dubai government's media office. The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . National Bond Corporation becomes a subsidiary of ICD in the year 2010. Under Decree No. W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w Khalifa Al Daboos Deputy CEO. In the UAE, Imdaad continues to enjoy significant market share with a large base of diverse clients across various sectors. ALL RIGHTS RESERVED. endobj [12][13][14] The Government of Dubai transferred Dubai financial Market and Dubai International Financial Exchange to Borse Dubai which acquired interest in London Stock Exchange and Nasdaq OMX. All rights reserved. Sign up to our mailing list and we will keep you informed on the items that matter to you most. % Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. He has served with EFU Group for over 30 years and presently serves as a Deputy Managing Director of EFU General Insurance Limited looking after the largest Marketing and Sales Division of the Company. 1 0 obj a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ Qualification: . This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. His Excellency Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. C^L:X,n3Azt/*hB%N( FYHDo7a7-0 V2qm:raq 'DSgK^+,5vLnZ m9WUey]6xBC+/ES+Vu~M5$[ukb;dz}`0jf75JK!qVr*bCq)9TwExYE=w}ZD#kpqg-TK]Yw{/eR,.95g]U|Cuzou=!#ol^B$p(Ur|Chh[$m? The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). The Rulers Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). Log-in now to access a number of services available to our clients and visitors at the click of a button. More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. Website Privacy Policy and Privacy Notice. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Imdaad - Investment Corporation of Dubai Imdaad Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. Copyright 2023 All rights reserved. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. The exceptional results are a manifestation of Sheikh Mohammed bin Rashids vision to ensure that Dubai remains at the forefront of championing global economic recovery," he said. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. NEW YORK, March 01, 2023--BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BCIC" or the "Company," "we," "us" or "our") announced today that its Board of Directors declared a quarterly . Mohammed A. Ibrahim Al Shaibani serves as Chief Executive Officer and Executive Director of the Investment Corporation of Dubai. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. 4 0 obj More than shopping,DIFCis about games and winning too. AI. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. Website Privacy Policy and Privacy Notice. Douraid Zaghouani Chief Operating Officer. Our business performance is also a result of the strong and positive relationships with our stakeholders. [5] History [ edit] He comes on board as an independent non-executive director and joins the current senior representatives from Singapore-based investor Temasek and International Finance Corporation . 2 0 obj Board Member of Gulf Investment Corporation GSC - State of Kuwait. Al Saleh is the Vice Chairman of the Emirates National Oil Company (ENOC). After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. For better web experience, please use the website in portrait mode. H.H. @2>K| "^tqk$>){oBdn Description. [6][11], Last edited on 24 November 2022, at 01:38, Learn how and when to remove these template messages, Learn how and when to remove this template message, Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Maktoum bin Mohammed bin Rashid Al Maktoum, "ICD arm paid $2.2bln for AWAS leasing business, accounts show", "Investment Corporation of Dubai reports Dh25 billion net profit, up 16.9% year on year in 2019", "Dubai wealth fund readies bonds, COVID-19 may hit revenue", "Dubai's sovereign wealth fund posts record $63bn revenue in 2018", "Investment Corporation of Dubai and its subsidiaries", "The Middle East's 10 Biggest Sovereign Wealth Funds (For Now)", "ICD and Dubai South launch 'City of Trade' to connect global wholesale buyers and sellers", "Dubai's ICD Invests $300 Million in Nigeria's Dangote Cement", "Dubai sovereign wealth fund sees profits surge 62%", "Emirates Bank International (EBI) merger with National Bank of Dubai (NBD) - A valuation perspective", "Top 10 mergers and acquisitions of the two decade - Top national-bank-dubai-nbd-and-emirates-bank-international-ebi-merger | Lists | Business Chief EMEA", "Emirates Bank International, NBD to merge", "Nasdaq to acquire OMX in deal with Borse Dubai", "Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments", "Investment Corporation of Dubai takes control of National Bonds", "Dubai Aerospace Enterprise sells $750 million in five and a quarter years sukuk", "Two Builders Invested in by Middle Eastern Funds Show Starkly Different Performances", "Investment Corp of Dubai buys three international hotels", "Dubai's ICD Acquires Stakes In Three Hotels", "Investment Corporation of Dubai buys Montenegro yacht resort", "Investment Corporation of Dubai acquires Porto Montenegro Marina", "Investment Corporation of Dubai reports flat profit despite higher revenue", "Dubai's sovereign wealth fund lists $200m bond on Nasdaq", "ICD's performance makes case for 10-year Saudi sukuk, investors say", "UAE funds said to be in fray for Indian investment firm deal", https://en.wikipedia.org/w/index.php?title=Investment_Corporation_of_Dubai&oldid=1123494134, Abdulrahman Saleh Al Saleh (board member), This page was last edited on 24 November 2022, at 01:38. The Rulers Court is the Prime Government Body of Dubai, U.A.E. ICD has been mandated to enable the globalization and privatization of these iconic brands. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. Chairman of the UAEIIC. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . (AP Photo/Salvador Melendez), FILE - Mille Porsild and her dog team pass by Camp Flamingo on the Susitna River during the start of the Iditarod Trail Sled Dog Race north of Willow, Alaska, on March 7, 2021. He holds a degree in Petroleum Engineering and is currently the Vice Chairman of Invest Bank, A LEADING FIRST-OF-ITS-KIND UAE-BASED INVESTMENT COMPANY. Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. [25] In 2019 DAE became a wholly owned subsidiary of ICD. ICD was established in 2006 to manage the government's portfolio of investments and companies. (24) of 2020 on the Board of Directors of the . Global Products Business, US, Qatar, Egypt Supply Europes LNG Demand, Moodys Upgrades Saudi Economy Growth Forecast, Aramco Inks Pact with Renault, Geely for Engine Venture, Oil Prices Slip as Global Demand Concerns Weigh, Oman to Offer Offshore Oil, Gas Concessions this Year, Egypt Hikes Gasoline Prices in Quarterly Review, Geagea to Asharq Al-Awsat: We Will Thwart Quorum to Prevent Election of Hezbollah Candidate, Chirac Warned Bush against Overthrowing Saddam, Saudi Arabia Underscores Efforts to Reach Political Solution to Ukraine Crisis, German Foreign Ministry Spokesperson: We Care About the Path of Reform in Saudi Arabia, Ready to Support it, Kuwait Celebrates 62nd National Day, 32nd Liberation Anniversary, Ilham Ahmed to Asharq Al-Awsat: Giving Legitimacy to Syrian Regime Will Not Yield Political Solution, Al-Alimi to Asharq Al-Awsat: We Support and Encourage Saudi Mediation with Houthis, Syrian Quake Survivors Shelter in Crumbling Aleppo Homes. Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. [11] In the same year, the merger of EBI and NBD took place and Emirates National Bank of Dubai (ENBD) was formed with a market capitalization of more than $11.3 Billion. Dubai Investments is supported by a visionary leadership and management guiding its growth. As3y H.E. You have requested to send this page to your email. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. H.E. In addition, His Excellency is CEO and Executive Director of the Investment Corporation of Dubai (ICD); Chairman of Mohammed bin Rashid Housing Program; Vice Chairman of Deira Investment Company; and a member of the Board of Directors of Dubai Aerospace Enterprise. Chairman: The chairman of the Board of Directors. Copyright 2023, Investment Corporation of Dubai. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. They have been instrumental in shaping our sustainable growth and reputation over the years and we have in return focused on providing lucrative business propositions, coupled with unsurpassed quality as a benchmark for delivering excellent business performance alongside upholding high ethical standards. He is married. Al Qubaisi sits on other company boards and is the Chairman of Emirates Refreshment Company, Vice Chairman of Emirates Modern Poultry Company (Al Rawdah) and a board member at Aswaaq. An integral part of this vision is delivering superior returns to our shareholders, consistent with our pre-defined risk profile and comparable to other best-in-class corporations. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] Vice Chairman of the UAEIIC. Dubai International Financial Centre (DIFC) is one of the worlds most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 8 trillion. Mohammed Ibrahim Al Shaibani, Managing Director, Investment Corporation of Dubai, said: "ICD's record revenues, earnings and assets for the first half of 2022 are an impressive achievement as the expansion of our businesses accelerated despite the global economic slowdown. CEO of Ithra Dubai Raad Jarrah Chief Development Officer Brett Lahner Chief Financial Officer Abdulla Al Qubaisi Executive Director - Operations Graham Wilson Executive Director - Contracts and Procurement Nicholas Andriotis Executive Director - Human Resources Lachlan Gyde Executive Director - Asset Management Faris Hadi He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. He served as the Interim Chief Over these years, the Group has strengthened its businesses, rolled out strategic tactics, maintained consistency, created value, delivered sustainable returns and enhanced resilience, capitalising on the lucrative opportunities and carving a solid foundation for the long-term future. About the Rwanda Development Board The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Under the Mubadala Delegation of Authority, the Board delegates aspects of its authority for executive management to the Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak, as well as to Mubadala's Investment Committee. Douraid Zaghouani is Chief Operating Officer of ICD, the principal investment arm of the Government of Dubai ($309 Billion AUM). Click here to subscribe to our free newsletter, Copyright: 1978 - 2020 H H Saudi Research and Marketing LTD, All Rights Reserved And subject to Terms of Use Agreement, https://english.aawsat.com/home/article/4017986/board-investment-corporation-dubai-announce-record-financial-results-h1-2022, Board of the Investment Corporation of Dubai Announce Record Financial Results for H1 2022, General view of Sheikh Zayed Road in Dubai, United Arab Emirates, December 29, 2018. At the Meydan City Corporation, theMeydan racecourse is the centrepiece offering a full season of horseracing, the highlight of which is the worlds richest raceday, the Dubai World Cup. Abdul Rahman Saleh Al Saleh, as member; 7. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Founder, Chairman and CEO, eXp World Holdings CEO, eXp Realty. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . H.E. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. Board Directors Who Are WeMessage From The ChairmanMessage From The CEOBoard DirectorsExecutive ManagementShari'a ComplianceCSR Home> About us> Board Directors Board Members Mr. Khalifa Al-Daboos Chairman Read More Mr. Abdulla Saeed Belyoahah Board Member Read More Mr. Ali Rashid Al Mazroei Board Member Read More Mr. Huraiz Almur Bin Huraiz Mohammed Ibrahim Al Shaibani will serve as the Managing Director. All rights reserved. Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. x]Yo8~7 K @EyCnL|N&?iZbI6@n6XX,Rby~z]o:?i?n^Q{M#[?\Zo?ot He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. Board of Directors: The board of directors of the ICD. (Archive Photo)https://t.co/W1b2cPQwJB pic.twitter.com/EZfMK89r01, Beta V.1.0 - Powered by automated translation, Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments, Investment Corporation first-half profit climbs as assets surge to a record. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. The Board has the power to make or amend rules and will recommend primary legislation for enactment by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. Celebrate success with a business lunch or dinner with family at some of Dubais best restaurants inDIFC., Stay up-to-date with DIFCs response to Covid-19. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. The minister also sits on the board of directors at the Dubai Chamber for Commerce and Industry, and is on the board at the National US Arab Chamber of Commerce. from a carefully curated collection of retailers, In 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. (25) of 2020 regardingthe board of directors of Meydan City Corporation. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. H.E. H.H. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. Residential maintenance, and With a continued strategic focus on diversification and unlocking value through an organized divestment process, Dubai Investments will focus on staying significant to business opportunities and facilitate a healthy and channeled growth, in sync with the group-wide strategy to explore, engage and evolve with stability and consistent profitability. H.H. ICD focuses its CSR activities in the areas of education and innovation. He currently holds the position of Chairman of Marka PJSC , Chairman of Al Mal Capital PSC, Board member of National General Insurance PJSC, Board Member of Islamic Bank of Asia (Limited) IBA Singapore, Board Member of Arcapita Investment Management BSC Bahrain and Board Member of Ajman Bank PJSC, Ali Fardan Ali Al Fardan has significant experience in Real Estate Management, Property Investments, Capital Investment Management and Hospitality Management. io`fC,Y:*Qa;pe{xKic{]AEn]q3#]x)8]`rh\z'"scw%X-r;@a 6];OZx|MPwj|;~e|koj_&vcLGP|~=l:QawCJ#HE1J];55xiUP$Y*9~zaO._AsXo(H;qq/O+%1qr @e?$D aJbeZ0` :w fb*9VhC}W;eJ if$B2({y*R:\DI,D)`46RA;*|q The Board of Directors meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Chairman of ICD, and in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Vice-Chairman of ICD. Management of ADIA is vested in ADIA's Board of Directors, which comprises a Chairman, Deputy Chairman, Managing Director and board directors who are appointed by a decree of the Ruler of the Emirate of Abu Dhabi. Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, [2] with a mandate to manage the Government of Dubai's portfolio of commercial companies and investments. Qp`mQ-2B$apMp,t^|EA\WQz~ys-o'E]~Kr-;`yxIxrK|[4$K53f*5G6Ua@`n't H.E. Board of Directors Board of Directors Leadership Team Shariah Board H. E. Mohammed Al Shaibani Chairman, Gulf Inland Bank . Investment Corporation of Dubai (Investment Company) 2,097,000,216: 29.0%: Yahya Saeed Ahmad Nasser Lootah . Kiernan also serves as an independent director on the boards of Empress Royalty, Soma Gold Corp., Altaley Mining Corporation and as a Board Member Consultant to the BC Energy Regulator. Mohammed Al Shaibani is the Director General of H.H. endobj GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . He is also a Business graduate from School of Business, University of Pittsburg, USA. The Board strongly believes in the pivotal role of businesses in helping build sustainable societies and has embraced the key tenets of ESG in its core business practices. Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has held senior management positions in various ministries and government establishments.He has also served as the Ambassador of the UAE to the Court of St. James and Iceland. ICDs portfolio companies are selected from a variety of sectors to afford diversification and risk minimisation. Our Mission is to add value and expand DIs investment portfolio through sound corporate citizenship, financial engineering, network of relationships, and financial resources. Looks like you may be taking time to decide. Copyright 2023 DIFC. Reem bint Ibrahim Al Hashimi, as member; 4. Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. is member of the Executive Council of Dubai, and Dubai's Strategic Affairs Council. Other position holders include board members. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE issued Decree No. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. He is also the Vice Chairman of the Supreme Fiscal Committee of Dubai which oversees the Emirate's fiscal policies, and is a member of Dubai's Executive Council, an entity charged with supervising . The ruler of Dubai on Saturday issued decrees to restructure the boards of the emirate's sovereign wealth fund Investment Corporation of Dubai (ICD) and state-owned developer Meydan City Corporation.
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