DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. Board of Directors. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. Seasoned, creative and charismatic entrepreneur with a robust skillset in strategy, finance, client & team management, thanks to 21 years of experience and a lifelong learning mindset:<br>- Eight years of financial leadership (CFO), investment banking advisory (M&A, corporate finance and capital markets) and private equity experience, serving clients in Europe and the Middle East in both . ICD has been mandated to enable the globalization and privatization of these iconic brands. 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 Dear partners, friends, and colleagues, I am super proud to announce, eData had a fantastic year, challenging but its best since 2008! Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. Mohammed Al Shaibani is the Director General of H.H. 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. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. These assets are in diverse sectors, and include market leading companies in financial services, transportation, real estate, leisure and utilities. Fire safety consultation and management. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. Message Secretary General. The 61 percent growth in ICDs revenues and a more than ten times increase in its profits during the first half of 2022, despite the global economic slowdown and uncertainty worldwide, reflects the resilience and robustness of Dubais economy and the prudence of its fiscal policies. (Bill Roth/Anchorage Daily News via AP, Pool), Trkiye's Inflation Seen Falling to 55% In February, Saudi-Japanese Feasibility Study for Producing Clean Hydrogen for Local, Intl Markets, Saudi Arabia Ranks First among G20 Countries in Productivity Growth, Saudi Aramco Acquires Valvoline Inc. Other position holders include board members. H.H. Mr. Syed Basar Shueb Chairman Read Biography Dr. Mhd Somar Ajalyaqin . After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. 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 . H.E. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. H.E. Today, we are a diversified conglomerate with businesses across industries that contribute to augmenting the countrys economic diversity, further underlining the potential of this nation and its robust business landscape. With the global economy and the society resorting to new and enhanced ways of doing business, the Group has focused on moving away from conventional thinking and traditional operating models to be competent to benefit from the opportunities arising from this paradigm shift. [5] Contents 1 History 2 Governance Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. Get to know the people behind Dubai Investments' success: BOARD OF DIRECTORS Abdulrahman Ghanem A. Al Mutaiwee Chairman Khalid Jassim Mohamed Bin Kalban Vice Chairman and CEO Ali Fardan Ali Al Fardan Director Mohamed Saif Darwish Ahmed Al Ketbi Director Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. Established in 2006, ICD manages a broad portfolio of assets, both locally and internationally, across a wide spectrum of sectors that support Dubai's dynamic economy. stream Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. 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. <> The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. Dr. Lina Abu Bakr, Executive Director of the Arab Women Authority, added, "We were delighted to participate in this insightful discussion on investment opportunities for women with National Bonds. Our business performance is also a result of the strong and positive relationships with our stakeholders. 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. The Dubai Ruler's Court, a prime government body of the Emirate. He is currently the Vice Chairman of Al Fardan Group, Managing Director of Al Fardan Real Estate, CEO of First Investor LLC, Board Member of Al Mal Capital PSC and Board Member of Commercial Bank of Dubai PJSC, Mohamed Al Ketbi has experience in Investments & Projects, Real Estate and Hospitality sectors. The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . 3 0 obj Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk, Dubai Islamic Bank Full Year 2022 Group Financial Results, Dubai Islamic Bank offers new financing solutions to future Tesla owners, Dubai Islamic Bank successfully prices USD 750 million inaugural Sustainable Sukuk, Dubai Islamic Bank hosts 2022 Trade Club Alliance General Assembly in Dubai, DIB Swift Code : DUIBAEADDIB Routing Number : 802420101, IBOR Transition : Update 1 | Update 2 IBOR Transition related queries: IBOR.Transition@dib.ae, *Available only on GMS enabled Huawei devices, Abdul Aziz Ahmed Rahma Mohamed Al Muhairi. In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. H.E. As3y [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. ICD offers a diverse work environment where all colleagues collaborate and contribute towards the achievement of the organisations goals and objectives, while living the ICDs Corporate Values of Excellence, Commitment, Sustainability, Integrity and Respect. %PDF-1.5 Explore the district beyond the office, Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Reem bint Ibrahim Al Hashimi, as member; 4. [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. ICD focuses its CSR activities in the areas of education and innovation. from a carefully curated collection of retailers, We will keep you informed on the items that matter to you most. 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. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. Al Shaibani serves as the Director-General of His Highness the Ruler's Court in Dubai. endobj Description. It also owns Emirates National Oil Corporation, holds a minority stake in developer Emaar Properties and in the Dubai Airport Free Zone and the World Trade Centre. Copyright 2023 All rights reserved. Vice Chairman of the UAEIIC. Since 1998, H.E. Welcome to Dubai. Al Saleh is a fellow member of the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and holds an MBA degree from the American University of Sharjah. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Explore Investment Corporation of Dubai public register. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World H.E. Sheikh Hamdan attributed the exceptional performance to the vision and encouragement of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai one of the primary champions of global economic growth, state news agency WAM reported. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. 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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. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. 1. H.E. Log-in now to access a number of services available to our clients and visitors at the click of a button. In this role, he supports the CEO in corporate strategy. During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson Thanks to the acceleration of the futuristic vision of the UAEs leadership, focused on enhancing and driving the non-oil sectors with a significant pipeline of infrastructure developments. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. The company also has a significant presence in neighbouring Oman, and is currently expanding its footprint in Saudi Arabia, Qatar, and Egypt. By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. 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. "bF.gxbk_v+&%'X]S^8+ CmW=U*!e =P u:pJwkpxoh=t:x&b'&N |Yg O, 9W&`8luUq4QSp=|30{79$TT?t"8U Dubai Investments is supported by a visionary leadership and management guiding its growth. ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. Daniil Medvedev handed Novak Djokovic his first defeat of the year, beating the world number one 6-4 6-4 to reach the Dubai Tennis Championships final where he plays holder Andrey Rublev for a third title in as many weeks. 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. [5] History [ edit] Under a presidential decree issued in December 2018, H.E. We strive to increase the value of our business while maintaining high ethical values and a commitment to the development of society through integrity and fair business practices. 4 0 obj He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. As a corporation with a mission to create wealth and long-term value, with a focus on sustainability, our impact is rooted in promoting the development of better businesses through responsible ownership considering a broad range of stakeholder issues. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. Sheikh Mohammed also issued Decree No. (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. 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. is member of the Executive Council of Dubai, and Dubai's Strategic Affairs Council. Board Member of Gulf Investment Corporation GSC - State of Kuwait. 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. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. DOF's Director General has held many leadership and financial positions in a number of government entities at the local and federal levels, including the Senior Executive Director for Financial and Administrative Affairs at Dubai Customs. Through its nine business divisions, Imdaad provides: Hard and soft facilities management and environmental services; Material recovery services; You have requested to send this page to your email. May I help you with something? This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. Net profit increased to Dh25 billion from the year-earlier period, it said in May. DIFC Hosts the Worlds First Finance Summit Dedicated to Advancing COP28 Agenda in the Global Finance Industry, 08 Mar 2023 - 09 Mar 2023, 8:00 am - 5:00 pm. We are proud to record ICDs best-ever financial performance during the first half of a year, underscoring Dubais position as one of the worlds most dynamic, resilient, and future-ready cities. With a continued strategic focus on diversification and unlocking value through an organized divestment process, Dubai Investments will focus on staying significant to business opportunities and facilitate a healthy and channeled growth, in sync with the group-wide strategy to explore, engage and evolve with stability and consistent profitability. Latest job Sindh Police Driver Police Constable Jobs 2023 via STS SIBA, Sindh Police jobs, Government Security in Karachi, Sindh Pakistan for new vacancies driver police constable. All rights reserved. H.H. Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . He holds a Bachelor of Science in Management and Information System. ICD was established in 2006 to manage the government's portfolio of investments and companies. According to Government of India figures, in FY 2015-16, trade between India and UAE crossed US$ 49bn, with Indian exports worth US$ 30bn to the UAE and US$ 19bn worth of UAE's exports to India, thus making UAE India's one of the top trading partner. Khalifa Al Daboos Deputy CEO. Mr. Served at the Ministry of Foreign Affairs, Islamabad as Director General (July- 2019-July 2021). Members of the board include Sheikh Ahmed bin Saeed Al Maktoum,Reem bint Ibrahim Al Hashimy, Sultan bin Saeed Al Mansouri, Mohammed Ibrahim Al Shaibani,Abdulrahman Saleh Al Saleh, Mohammed Hadi Al Hussaini, andHelal Saeed Al Marri. 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 [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.
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