The Middle East's Top 10 Investment Companies | APN News The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). Consulate General of Pakistan - Consulate General of Pakistan Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Imdaad - Investment Corporation of Dubai Investment Corporation of Dubai - Wikipedia GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . Since early 2002, Glenn Sanford has been actively involved in the online real estate space. (AP Photo/Ng Han Guan), A metalworker fixes a fence of a fashion shop in downtown San Salvador, El Salvador, late Friday, March 3, 2023. Copyright 2023, Investment Corporation of Dubai. Subscribe to our mailing list to get the updates to your email inbox. Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. (24) of 2020 on the Board of Directors of the Investment Corporation of Dubai. 2015 the Supreme Legislation Committee in the Emirate of Dubai (25) of 2020 regardingthe board of directors of Meydan City Corporation. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. [25] In 2019 DAE became a wholly owned subsidiary of ICD. At Investment Corporation of Dubai (ICD), we believe in attracting, developing and retaining high potential talent who relish the opportunity of working in a fast-paced, performance-driven organisation and contribute to Dubais strategic development. 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. 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. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. Values. 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. H.E. Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. Consulate General of India - Dubai : Trade & Commerce Mohammed Ibrahim Al Shaibani will serve as the Managing Director. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. The board typically meets at. 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. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. You have requested to send this page to your email. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.5 842.25] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Board of Directors. 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. Nader Bekhouche Principal. Residential maintenance, and It featured a showcase of the top 100 investment opportunities that the private sector can tap into and access incentives under the Manufacture and Build to Recover Program. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. 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. Bilateral Trade. 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. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. (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. 2 min read. 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. 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. Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. As a group, we believe in constantly transforming ourselves and shaping bold new investment strategies with the aim to deliver added value through our businesses. H.H. Glenn Sanford. Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. Investment Corporation of Dubai - Public Register | DIFC 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. (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. Fidus Investment Corporation Announces Fourth Quarter and Full Year Website Privacy Policy and Privacy Notice. Hussain Al Junaidy has been the Chairman and CEO of various companies in the Oil and Gas Industry. Board of the Investment Corporation of Dubai Announce Record Financial Qualification: . Looks like you may be taking time to decide. Description. 10 most influential people in the United Arab Emirates Investor Relations Board of Directors [19], Various other mergers and acquisitions were also held by other holding companies of ICD between the periods of 2007 - 2019. Board of Directors Board of Directors Leadership Team Shariah Board H. E. Mohammed Al Shaibani Chairman, Gulf Inland Bank . Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, [2] with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. 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. Mubadala's Board members include some of the UAE's most senior public . Director: Board of Directors: Director-Mark: Affolter: . 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. Dubai ruler issues decrees to restructure boards of Investment The Dubai Ruler's Court, a prime government body of the Emirate. DNFBP: (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . AHMED HUMAID AL TAYER until 11 November 2012. Mohammed A. Ibrahim Al Shaibani serves as Chief Executive Officer and Executive Director of the Investment Corporation of Dubai. 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. H.E. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. Medvedev ends Djokovic run to book Dubai final with Rublev W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w Dubai Investments Real Estate Get to know the people behind Dubai Investments success: Our vision is to provide impeccable quality by delivering superior management performance and top of the line services to our investors. Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. Website Privacy Policy and Privacy Notice. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Board of directors and Committees | Saint-Gobain The DIFC is more than just a world-class financial centre. Net profit increased to Dh25 billion from the year-earlier period, it said in May. For better web experience, please use the website in portrait mode. Mohammed Ibrahim Al Shaibani, as member; 6. Executive Council: The Executive Council of the Emirate of Dubai. The Rulers Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). The company also has a significant presence in neighbouring Oman, and is currently expanding its footprint in Saudi Arabia, Qatar, and Egypt. Al Shaibani serves as the Director-General of His Highness the Ruler's Court in 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. He served as the Interim Chief In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. 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 comes on board as an independent non-executive director and joins the current senior representatives from Singapore-based investor Temasek and International Finance Corporation . He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. He is married. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. More than shopping,DIFCis about games and winning too. Founder, Chairman and CEO, eXp World Holdings CEO, eXp Realty. Vice Chairman of the UAEIIC. Yahya Saeed Ahmad Nasser Lootah Vice Chairman Board of Directors Hamad Abdulla Rashed Obaid Al Shamsi Board Member Ahmad Mohammad Saeed Bin Humaidan Board Member Abdul Aziz Ahmed Rahma Mohamed Al Muhairi Board Member H.E. 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. Our Investment strategy is anchored by key guiding principles: Fundamentals Value Creation Diversification Timing Our Board Chimera Investment is led by a team of highly resourceful and talented directors who bring market depth and decades of investment experience to the table. All rights reserved. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. _ga. Our corporate structure | IDB Invest A resident of Dubai, UAE, Dr. Chang serves as Senior Advisor to the Investment Corporation of Dubai, providing strategic counsel and lending his global perspective to the investment arm of the Dubai Government. ICD, the principal investment arm of the emirates government, reported a 17 per cent increase in net profit for 2019 following a strong performance from investments in banking and financial services as well as transportation businesses. Commercial and Industrial facilities under management, Waste recycled through segregation programme. Board of Directors: The board of directors of the ICD. Board of Directors | Brookfield Reinsurance Board Of Directors. Decree No. (24) of 2020 Reconstituting the Board of Directors of the We know that a supportive business environment is key to helping your company thrive. Copyright 2023, Investment Corporation of Dubai. (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. As3y Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. 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. Copyright 2023 DIFC. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. 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-- . He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. He also oversaw and participated in a number of other regulatory and strategic committees, including the Executive Credit Policy Committee and the Indirect Taxation Working Group. Board of Directors | Corporate Governance | Investor relations - du BUILDING MATERIALS, CONSTRUCTION & CONTRACTING. . [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. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. Let's explore! Copyright 2023 All rights reserved. Since 1998, H.E. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. Sarah Dea / The National. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. Leadership - DUBAL Holding H.E. Board Member Khalifa Hassan Abdulla Al Daboos. 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. Atrium Mortgage Investment Corporation Announces March 2023 Dividend Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. 1. Dubai skyline. . Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . The Group is also a strong facilitator for Foreign Direct Investments (FDI), identifying and investing in opportunities across untapped markets, expanding footprint and stimulating the economy. We will keep you informed on the items that matter to you most. Jan 1994 - Jun 200814 years 6 months. endobj Abdul Rahman Saleh Al Saleh, as member; 7. H.E. <>>> 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. The ICD generated record revenues of AED121.1 billion and record net profits of AED14.8 billion during H1 2022, dwarfing last years first-half earnings. upGrad appoints Dan Rosensweig to board of directors National Bond Corporation becomes a subsidiary of ICD in the year 2010. Mr. Syed Basar Shueb Chairman Read Biography Dr. Mhd Somar Ajalyaqin Copyright Emirates News Agency (WAM) 2020. Under a presidential decree issued in December 2018, H.E. Message Secretary General. Data Subjects or class of Data Subjects whose Personal from a carefully curated collection of retailers, CEO: The chief executive officer of the ICD. The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. Under Decree No. ?V.0hVFFmz|>;2 He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. Board of Directors - Global Capital Funding Inc About the Council. Sheikh Mohammed issues decrees on the boards of Investment Corporation H.H. Chairman: The chairman of the Board of Directors. Copyright 2023, Investment Corporation of Dubai. Harry G. Broadman - Chair, Board of Directors - LinkedIn 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 .