investment corporation of dubai board of directors

Director: Board of Directors: Director-Mark: Affolter: . Douraid Zaghouani Chief Operating Officer. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. 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. x]Yo8~7 K @EyCnL|N&?iZbI6@n6XX,Rby~z]o:?i?n^Q{M#[?\Zo?ot 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. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. [25] In 2019 DAE became a wholly owned subsidiary of ICD. Board of Directors: The board of directors of the ICD. Board member since inception in 1995 and Chairman of the Board since 2010. Since early 2002, Glenn Sanford has been actively involved in the online real estate space. ALL RIGHTS RESERVED. [19], Various other mergers and acquisitions were also held by other holding companies of ICD between the periods of 2007 - 2019. Since then, it has grown to become a major player in the economy of Dubai and the UAE, with prudent investments in diversified sectors and markets across the globe real estate, industrial, finance, healthcare and education among others. 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. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. - Resources Download photos from today's launch event here. (24) of 2020 on the Board of Directors of the Investment Corporation of Dubai. The Dubai Ruler's Court, a prime government body of the Emirate. Mr. 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. DNFBP: Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. F, 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? 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. [15][16] Minority stakes of Emmar Properties,[9][10] Dubai Islamic Bank, Commercial Bank of Dubai, Dubai Ice Plant & Cold Stores Company, and Dubai Development Company were transferred to ICD by the Government of Dubai. Let's explore! Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 . He holds a Bachelors Degree in Electrical Engineering from Florida Institute of Technology, USA and a Management Degree from Cranfield School of Management, England. (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. 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. Designated Non-Financial Businesses and Professions. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. (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. Come to the Centre and be surprised. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. Under Decree No. Looks like you may be taking time to decide. H.E. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . More than shopping,DIFCis about games and winning too. Sarah Dea / The National. . 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 Dubai's strategic development. H.E. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. In the UAE, Imdaad continues to enjoy significant market share with a large base of diverse clients across various sectors. (25) of 2020 regardingthe board of directors of Meydan City Corporation. 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. Indian businessmen and traders have contributed significantly to the . You have requested to send this page to your email. <> Investment Corporation of Dubai (Investment Company) 2,097,000,216: 29.0%: Yahya Saeed Ahmad Nasser Lootah . The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). 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. H.E. All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. He holds a Bachelor of Science in Management and Information System. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. 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. Board of Directors. 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. He holds a Bachelor Degree in Business Administration majoring in Business Management and currently holds the following positions: Board member of AHI Carrier FZC, Vice Chairman of Danat El Emarat Hospital Project, Board Member of Marka PJSC and Board Member of Al Mal Capital PJSC. He serves as a Board Member of Dubai World and Dubai Aerospace Enterprise (DAE) Limited, He is also the Vice Chairman of The Supreme Fiscal Committee of Dubai and the Deputy Chairman of Expo 2020 Dubai. [5], ICD was set up on 3 May 2006 under Emiri decree 11 of 2006 issued by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai. Our business performance is also a result of the strong and positive relationships with our stakeholders. Copyright 2023, Investment Corporation of Dubai. ICD: The Investment Corporation of Dubai. H.H. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 Board Member Khalifa Hassan Abdulla Al Daboos. 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 Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . Description. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. Board Member since 1998. Bilateral Trade. Dubai Investments is supported by a visionary leadership and management guiding its growth. His Excellency Helal Saeed Almarri is the Director General of the Dubai Department of Tourism and Commerce Marketing (DTCM). Net profit increased to Dh25 billion from the year-earlier period, it said in May. Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. Mohammed Ibrahim Al Shaibani, Managing Director, Investment Corporation of Dubai, said: ICDs 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. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. H.E. @2>K| "^tqk$>){oBdn [21][22] In 2016 ICD acquired Porto Montenegro Marina and Resort located in world heritage site Bay of Kotro from Montport Capital. to a diverse range of art galleries and some of the citys best restaurants. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . 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. Syed Salman Rashid holds a Bachelor's Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. 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. 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. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. 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 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. An exhibition was also held on the sidelines of the forum. from a carefully curated collection of retailers, 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. Through its nine business divisions, Imdaad provides: Hard and soft facilities management and environmental services; Material recovery services; The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . 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. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. May I help you with something? 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. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. 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. Al Saleh was appointed as Vice Chairman of the Board of Directors of the United Arab Emirates Central Bank. Sheikh Mohammed also issued Decree No. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. 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 The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. Experts. Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Commercial and Industrial facilities under management, Waste recycled through segregation programme. The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. 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! ICDs portfolio companies are selected from a variety of sectors to afford diversification and risk minimisation. (24) of 2020 on the Board of Directors of the . 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. This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. The board typically meets at. % [5] Contents 1 History 2 Governance Mohammed Ibrahim Al Shaibani, as member; 6. ICD focuses its CSR activities in the areas of education and innovation. The Decrees are effective from their date of issuance and will be published in the Official Gazette. 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. Welcome to Dubai. 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. 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-- . H.E. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. The Rulers Court is the Prime Government Body of Dubai, U.A.E. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World 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. 2015 the Supreme Legislation Committee in the Emirate of Dubai [3], At 2022, ICD reported assets worth US$305 billion[4] and revenue of $62 billion. 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. We are always in pursuit of motivated and dynamic professionals, if you are looking for an opportunity to make a difference, please submit your CV. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. is pleased to announce that its board of directors has declared a dividend for the month of March 2023 of $0.075 per common share, to be paid April 12, 2023 to shareholders of record March 31 . Dubai Investments has emerged as a dynamic engine of economic growth, successfully earning the reputation of being a stable organisation, fueling the regions economic performance and diversification strategies. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. 2 0 obj 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. He served as the Interim Chief [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. 1. This site is maintained by Department of Finance. Executive Committee. 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. 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. Mohammed Ibrahim Al Shaibani will serve as the Managing Director. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Dubai Investments is supported by a visionary leadership and management guiding its growth. ICD was established in 2006 to manage the government's portfolio of investments and companies. n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' Search latest Sindh Police jobs online. Read Full Bio. 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. 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. He is also a Business graduate from School of Business, University of Pittsburg, USA. Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . ;H6+nOC|ejUv(Ocn(?ici0\m. Board of Directors. 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. March 4, 2023 12:19 pm. Working Group Committee. The UAE International Investors Council (UAEIIC) signed a Memorandum of Understanding (MoU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), which is based in Tokyo. endobj He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] 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 .

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